Dixon Technologies (India) Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Dixon Technologies reported consolidated revenue of Rs 49,586 crore for FY26, up 28% year-on-year, with PAT growing 33% to Rs 1,644 crore. EBITDA jumped 69% to Rs 2,580 crore. However, Q4 saw a 36% PAT decline due to higher tax expenses. Standalone revenue declined 27% to Rs 3,93,048 lakh because the lighting business was transferred to joint venture Lightanium Technologies from August 2025. The company expanded its subsidiary network, acquiring 51% stake in Kunshan Q Tech Microelectronics and forming new joint ventures. Auditors issued an unmodified opinion but drew attention to Rs 1,11,006 lakh PLI incentive income pending formal determination, with a corresponding Rs 72,634 lakh pass-through liability. The board also approved ESOP grants of 16,155 options and recommended a dividend of Rs 10 per share.
The strong full-year growth with 69% EBITDA expansion signals operational efficiency gains and successful diversification through new acquisitions. However, the auditors' emphasis of matter on pending PLI incentives creates uncertainty around Rs 1,110 crore of receivables. The Q4 profit decline may cause short-term volatility despite robust annual performance.