Dixon Technologies shares surge 3.5% after profit doubles in June quarter

Shares of Dixon Technologies, the Noida-based electronic manufacturing company, rose as much as 3.47% to hit an intraday high of ₹16,671.15 on the BSE after it reported strong set of June quarter earnings post market hours on Tuesday. On the National Stock Exchange (NSE), Dixon Technologies shares rose as much as 3.46% to hit an intraday high of ₹16,669.

Dixon Technologies on Tuesday reported an annual 100% jump in net profit in the first quarter of current financial year on the back of strong performance by its mobile other EMS division.

The Noida-based company reported a net profit of ₹280 crore in the first quarter of the current financial year (Q1FY26), marking an increase of 100% from ₹140 crore in the same period last year. Dixon Technologies' total revenue from operations in Q1 advanced 95% to ₹12,836 crore as against ₹6,580 crore in the year-ago period.

The company reported strong operational performance as its earnings before interest, taxes, depreciation and amortisation (EBITDA), also known as operating profit, advanced 95% to ₹482 crore and its EBITDA margin came in at 3.8%.

Dixon Technologies' mobile and other EMS division reported strong performance in the June quarter as revenue for this segment jumped 125% annually to ₹11,663 crore from ₹5,192 crore in the year-ago period.

Operating profit for the mobile segment jumped by 131% to ₹395 crore as against ₹171 crore in the corresponding period last year.

The segment contributed 91% towards the total revenue.

The consumer electronics and appliances business, which includes the manufacturing of LED TVs and refrigerators, reported subdued performance in the June quarter as its revenue declined 21% annually to ₹672 crore.

Operating profit for the segment, however, advanced 38% annually to ₹40 crore from ₹29 crore in the same period last year.

The segment added 5% towards the total revenue of the company. Home appliances and lighting products businesses reported subdued performance as revenue for the home appliances segment rose 3% annually and revenue from the lighting products segment declined 17%.

As of 1:00 pm, Dixon Technologies shares traded 2.81% higher at ₹16,564.95 outperforming the BSE 100 index which was up 0.34%.