Dixon Technologies Q2: Net profit jumps 81% to ₹746 crore; here is how mobile manufacturing division fared

The profit included a one-time gain of ₹465 crore that the company earned by selling stake in Aditya Infotech Ltd.

The company had reported a net profit of ₹411.7 crore in the same period a year ago.

The revenue from operations of the company (adjusted) grew by 28.7% to ₹14,855 crore during the reported quarter from ₹11,534 crore logged in the September 2024 quarter.

The figure (reported) jumped 33% to ₹15,351 crore. The company said this number comes after taking into account fair value gain of ₹465 crore on Dixon stake in Aditya Infotech Ltd & ₹28 crore gain on transfer of lighting business undertaking.

The mobile devices manufacturing division of the company contributed 90% of revenue during the reported quarter, while 6% came from the consumer electronics and appliances division.

The Nomination and Remuneration Committee of the company has approved the grant of 7,000 stock options to the employees of the company, its subsidiary company(ies), and joint venture company(ies) from time to time in one or more tranches.

📊 Key Financial Highlights – Q2, FY 25-26 (Reported)

📊 Key Financial Highlights – Q2, FY 25-26 (Adjusted)

Dixon Technologies' update on JV

In a separate regulatory filing, the company said Dixon Technologies (India) Limited (“Dixon”) and Inventec Corporation (“Inventec”) had on 30 April 2025 entered into a joint venture agreement for the manufacturing of notebook PC products, servers, and desktop PC products, including components, in India.

"By way of an update, Dixon announces that upon completion of closing formalities, the transactions stand consummated on October 18, 2025," it added.

Upon consummation of the transaction, Dixon and Inventec have made investments of ₹20,51,00,000 and ₹13,68,00,000, respectively, in the JV Company. Pursuant to the said investments, Dixon and Inventec have acquired a total of 2,05,10,000 equity shares and 1,36,80,000 equity shares of ₹10 each, respectively, of the JV company.

Dixon now holds 60% and Inventec holds 40% of the total issued and paid-up share capital of the JV Company on a fully diluted basis.

Inventec Corporation, founded in 1975, manufactures notebooks, desktop PCs, AIOs, servers, and handheld devices and has developed a strong foundation for global success. Inventec is one of the world’s top 5 PC ODMs, the filing said.

Commenting on this occasion, Atul B. Lall, Vice Chairman & Managing Director, Dixon Technologies, said, “We are delighted to partner with Inventec, a global leader in IT hardware manufacturing. This joint venture marks a significant milestone for Dixon as we expand our portfolio into high-growth segments of notebooks & servers.”

Jack Tsai, President & CEO of Inventec, said, “Dixon stands as one of India’s most prominent electronics manufacturing firms, distinguished by its mature production systems, high degree of automation, and strong alignment with local government policies. This joint venture integrates Dixon’s robust domestic manufacturing capabilities and Inventec’s capabilities in engineering, supply chain, and systems integration.”

Tsai added, “The partnership significantly enhances our operational agility and service coverage within the Indian market. By offering a more diversified manufacturing footprint, we aim to strengthen supply chain resilience, optimise cost-efficiency, and align with Inventec’s long-term globalisation strategy.”