Dixon Technologies announced its Q3 FY26 results with consolidated operating revenues of INR10,678 crores and an EBITDA of INR421 crores. Despite headwinds in the electronics market, the company remains focused on building scale, operational efficiency, and strengthening customer relationships. A sharp increase in memory prices globally is noted as a significant external factor. Dixon is optimistic about future growth, driven by backward integration, capacity expansion, and diversification into new product categories.
Financial Performance
Dixon Technologies reported consolidated operating revenues of INR10,678 crores for Q3 FY26, compared to INR10,461 crores in the same period last year. The company’s consolidated operating EBITDA for the quarter stood at INR421 crores, up from INR398 crores year-over-year. Consolidated operating PAT reached INR214 crores, slightly lower than the INR217 crores in the corresponding period last year.
Business Segment Highlights
The Mobile and EMS segment recorded revenue of INR9,750 crores with an operating profit of INR1,050 crores. Dixon is expanding capacities for camera and fingerprint modules, targeting volumes of 190 to 200 million units per annum.
For Consumer Electronics, revenue from LED TVs and refrigerators was INR567 crores, generating an operating profit of INR24 crores. The Home Appliances segment reported revenue of INR355 crores with an operating profit of INR41 crores.
The Telecom and Networking products segment continues to grow, with Dixon building up more capacities. The Laptops, Tablets, and IT hardware segment saw a healthy uptick in revenues and boasts a strong order book for the next financial year.
Strategic Initiatives
Dixon has been selected as an ECMS beneficiary for camera modules and optical transceivers. The company expects its new 4,000 square feet facility for its 74:26 JV to begin operations by Q2 of FY26-27. Construction of a 1 million square feet facility in Noida is expected to be completed by Q1 of FY26-27, with mass production starting in Q2 of FY26-27.
Future Outlook
Dixon remains confident in its ability to navigate market headwinds and achieve long-term growth. The company is focused on backward integration, capacity expansion, and diversification into new product categories. Expansion into new categories such as semi-automatic washing machines and robotic vacuum cleaners is underway.
Source: BSE
