Dixon Technologies (India) Limited — Q1FY27 earnings call summary

Filed 05 August 2026 · Official transcript

Mobile & EMS revenue INR14,179 Cr; operating profit INR373 Cr; Q2 smartphone volume growth guidance 20-25% q-o-q
Q1 FY27 revenue INR15,557 Cr; EBITDA INR472 Cr; PAT INR218 Cr excluding fair value gains
Telecom revenue INR2,100 Cr; expected growth to INR6,700-7,000 Cr in FY27; operating margin ~5.1%
JV with Vivo to start contributing from Q3 FY27; new Noida facility operational Q3
PLI 2 scheme effective April 1, 2026; incentives on incremental production and localization expected to boost volumes and margins
IT hardware revenue INR1,350 Cr; new JV with Inventec operational Q4; server manufacturing to start Q3
Home appliances and lighting segments expanding capacities and product lines; exports to US and Europe starting Q2/Q3
Working capital increase temporary due to strategic inventory buildup amid supply chain challenges