Dixon vs Amber: Here is how two electrical component manufacturers performed in Q3 FY26

Amber Enterprpise share price jumped nearly 6% after a strong Q3FY26 earnings report released on Monday. The company is one of the key EMS players in India, specialised in contract manufacturing for consumer durable goods like washing machines, Air conditioners. The EMS industry is back in focus and on investors' radar for opportunities after the government doubled down with a total outlay from ₹22,219 crore to ₹40,000 crore. Investors are now evaluating the opportunities after the quarterly earnings show strong growth. Here is how the two key players, Amber Enterprises and Dixon Technologies, fared in Q3FY36.

Topline

On the topline front, Amber Enterprises posted superior numbers for Q3FY26 with 38% YoY jump in revenue to ₹2,943 crore as compared to ₹2,133 crore. On the other hand, Dixon Technologies posted a flatish growth for the quarter at ₹10,678 crore. Dixon Technologies revenue is largely contributed by the Mobile division at 92%, up from 89% in the year-ago period. While Amber Enterprises' topline was contributed by the consumer durable division at nearly 67%, followed by the Electronics division at 28.7% and remaining by the Railway, subs-systems and mobility division.

Operating profitability

On the operating profitability, Amber Enterprises posted 53% YoY jump in the EBITDA at ₹247 crore, while Dixon Technologies reported markable improvement in the operating profitability at ₹546 crore, up 37% YoY. Dixon Technologies' EBITDA margin stood at 5.1% vs 3.9% in the year-ago period. While Amber Enterprises posted superior numbers with robust topline growth and effective cost controls. The EBITDA margin for the quarter stood at 8.4% vs 7.6% in the year-ago-period.

Bottomline

At the bottomline level, Dixon Technologies posted better performance in double digit, while Amber Enterprises posted benign number owing to one time expenses. The profit after tax for Dixon Technologies stood at ₹321 crore as compared to ₹217 crore, primarily led by strong operational performance. While Amber Enterprises, core business profitability jumped 128% YoY to ₹84 crore after excluding one of impairment provision worth ₹94 crore. Including the one time expenses, the company posted the net loss of ₹9 crore vs ₹37 crore profit.