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Dixon meets revenue goal in Q2, bets on components

Mint New Delhi

|

October 18, 2025

Topline grows 33% on year to ₹14,855 cr, unsold goods from Q1 drive profits in Sep quarter

- Shouvik Das

Dixon meets revenue goal in Q2, bets on components

The company expects four new JVs to start adding revenue by FY27.

Dixon Technologies Ltd's revenue and profit rose in the September quarter as a growing volume of mobile phones and telecommunications products fuelled growth for India's largest publicly listed electronics manufacturer.

Noida-based company's operating revenue rose 15.7% sequentially and 33% year-on-year to ₹14,855 crore in the second quarter of FY26, according to its filings. Dixon met the guidance of 15% revenue growth that Atul Lall, its vice-chairman and managing director, had given in the June quarter.

Its profitability rose 167% sequentially and 81% over a year earlier to ₹746 crore. However, this was largely due to Dixon selling goods manufactured in the past in the September quarter. The change in the company's inventory of finished goods led to a loss of ₹13 crore in the June quarter, while it sold ₹297 crore of unsold goods during in July-September, leading to a jump in profits.

While Lall did not offer guidance for future quarters during the post-earnings conference call with analysts, he expressed confidence in the company's push to increase margins and navigate a slowdown in orders from Motorola, Dixon's anchor client so far.

The company expects four new JVs to start adding revenue by FY27.

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