Dixon Technologies Q2 results: profit falls 48.7% as revenue rises 46.7%

Dixon Technologies Q2 results show net profit down 48.7% from a year earlier, even as revenue grew 46.7%. The electronics manufacturing services company reported the numbers on Friday, October 30. Revenue and EBITDA came in above CNBC-TV18 poll estimates, while the margin fell short.

Key numbers

• Net profit: Rs 343.7 crore, down 48.7% from Rs 670 crore
• Revenue: Rs 21,794 crore, up 46.7% from Rs 14,855 crore
• EBITDA: Rs 597 crore, up 6.4% from Rs 561 crore
• EBITDA margin: 2.7%, down from 3.8%

EBITDA means earnings before interest, tax, depreciation and amortisation, a measure of operating profit. The EBITDA margin is EBITDA as a share of revenue, so a lower margin means less operating profit from each rupee of sales.

Dixon Technologies Q2 results against estimates

Revenue of Rs 21,794 crore was above the CNBC-TV18 poll estimate of Rs 20,235 crore. EBITDA of Rs 597 crore also beat the poll estimate of Rs 579 crore. The margin of 2.7% was below the estimate of 2.9%, so the company beat expectations on revenue and EBITDA but missed on margin.

NDTV Profit put the net profit decline at 49%. This article uses the 48.7% figure reported by CNBC-TV18.

Board change

Dixon’s board approved the appointment of Prithvi Vachani as an Additional Director, in the capacity of Executive Director, for five consecutive years from October 30, 2026. His remuneration is subject to approval by shareholders.

Share price reaction

Shares ended at Rs 11,000 on the BSE, down Rs 494, or 4.30%.

For more quarterly numbers from listed companies, see more results news.