Dixon Technologies (India) Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
DIXON · price
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Dixon Technologies reported consolidated revenue from operations of Rs. 38,880 crores for FY25, up 119% year-on-year. EBITDA rose 112% to Rs. 1,528 crores and PAT surged 229% to Rs. 1,233 crores. Q4 FY25 was particularly strong with revenue up 120% to Rs. 10,304 crores and PAT up 379% to Rs. 465 crores. Growth was partly inorganic, aided by the acquisition of a 50.1% stake in Ismartu India (completed August 2024). On a standalone basis, revenue declined about 16% to Rs. 5,401 crores versus Rs. 6,411 crores in FY24. PAT for the year includes a one-time exceptional gain of Rs. 250.37 crores from the fair value of Aditya Infotech shares received in exchange for Dixon's stake in the AIL Dixon joint venture. The Board recommended a final dividend of Rs. 8 per share (400% on face value of Rs. 2), subject to shareholder approval. Statutory auditors S.N. Dhawan & Co LLP issued an unmodified opinion on both standalone and consolidated results. SBYN & Associates LLP was appointed as Secretarial Auditor for five years starting FY26.
Strong headline growth, dividend declaration, and continued expansion via acquisitions are positive signals for shareholders. However, much of the revenue growth is acquisition-driven, the standalone core business shrank, and a large share of FY25 profit came from a one-off exceptional gain, so investors should look at underlying operating performance for a true picture.