Dixon Technologies Q4 profit drops 36%; board recommends ₹10 dividend
Sarthak Kumar
Dixon Technologies (India) Ltd. reported a decline in consolidated profitability for the quarter ended March 31, 2026, even as the company continued to post strong revenue numbers driven by its large-scale electronics manufacturing operations.
Revenue from operations during Q4 FY26 stood at ₹10,510.51 crore compared to ₹10,292.54 crore in the corresponding quarter last year. Total income for the quarter came in at ₹10,594.81 crore against ₹10,303.82 crore reported in Q4 FY25.
The company reported a consolidated net profit of ₹297.97 crore for the March quarter, down 35.91% year-on-year (YoY) from ₹464.95 crore in the year-ago period.
At the operating level, EBITDA stood at ₹408.37 crore in Q4 FY26 compared to ₹442.79 crore in the corresponding quarter last year. EBITDA margin contracted to 3.89% from 4.30% in Q4 FY25.
Total expenses during the quarter rose to ₹10,230.77 crore from ₹9,981.92 crore a year ago, primarily due to higher raw material consumption and operational expenses. Finance costs declined to ₹23.66 crore from ₹46.26 crore in the corresponding quarter last year, while depreciation and amortisation expenses increased to ₹104.97 crore from ₹85.91 crore.
Profit before tax for the quarter stood at ₹369.76 crore compared to ₹576.03 crore in Q4 FY25. Earnings per share (EPS) came in at ₹49.22 against ₹77.59 reported in the year-ago quarter.
The Board of Directors has recommended a final dividend of ₹10 per equity share of face value ₹2 each for the financial year 2025-26. The proposed dividend is subject to shareholders’ approval at the company’s upcoming 33rd Annual General Meeting (AGM). The company said the dividend, if approved, will be credited or dispatched within 30 days from the date of the AGM.
Dixon Technologies is among India’s largest electronics manufacturing services (EMS) players and manufactures products across segments including mobile phones, consumer electronics, lighting products, appliances and telecom equipment. The company continues to benefit from India’s expanding electronics manufacturing ecosystem and government-led localisation initiatives.