Dixon Technologies Q4 FY26 Results: PAT Rs 256 Crore Down 36 Percent YoY FY26 Annual Profit Up 33 Percent
- May 13, 2026
- Posted by: Neeraj Pandey
- Category: News
Dixon Technologies Q4 FY26 results were announced on 12 May 2026, with India’s largest electronics manufacturing services provider reporting a consolidated net profit of Rs 256.41 crore for the quarter ended March 31, 2026, a 36.03 percent year-on-year decline from Rs 400.82 crore in Q4 FY25. Despite the quarterly PAT decline, Dixon Technologies Q4 FY26 revenue from operations grew 2.12 percent year-on-year to Rs 10,510.51 crore from Rs 10,292.54 crore in the year-ago period. The weak quarterly profit was in contrast to the company’s strong full-year FY26 performance, where consolidated net profit rose 33 percent to Rs 1,644 crore on a 28 percent revenue jump to Rs 49,586 crore.
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The board of Dixon Technologies recommended a final dividend of Rs 10 per equity share of face value Rs 2 each for FY26, subject to shareholder approval at the ensuing 33rd Annual General Meeting. The company’s Nomination and Remuneration Committee also approved the grant of 16,155 stock options to employees under its Employee Stock Option Plan 2023, vesting over three years. The stock fell 5.87 percent on the day of results, closing at Rs 10,138.50 on May 12, 2026, as investors reacted to the margin compression in the March quarter.
Dixon Technologies Q4 FY26 Key Financial Highlights
The table below summarises key Dixon Technologies Q4 FY26 and full-year FY26 consolidated financial data filed with the stock exchanges on 12 May 2026.
| Parameter | Q4 FY26 | Q4 FY25 / FY26 Full Year |
|---|---|---|
| Net Profit (PAT) | Rs 256.41 crore | Rs 400.82 crore (Q4 FY25) |
| PAT Change YoY | -36.03% | FY26 Full Year PAT: Rs 1,644 crore (+33%) |
| Revenue from Operations | Rs 10,510.51 crore | Rs 10,292.54 crore (Q4 FY25) |
| Revenue Change YoY | +2.12% | FY26 Revenue: Rs 49,586 crore (+28%) |
| EBITDA | Rs 418 crore | Rs 454 crore (Q4 FY25), -8% YoY |
| EBITDA Margin | 4.00% | 4.40% (Q4 FY25) |
| Mobile and EMS Revenue | Rs 9,485 crore | Rs 9,102 crore (Q4 FY25), +4% YoY |
| Total Expenses | Rs 10,230.77 crore | Rs 9,981.92 crore (Q4 FY25) |
| Dividend | Rs 10 per share | Subject to 33rd AGM approval |
| NSE Ticker | DIXON | Sector: Electronics Manufacturing Services |
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Dixon Technologies Q4 FY26 Net Profit Analysis
Dixon Technologies Q4 FY26 net profit decline of 36.03 percent to Rs 256.41 crore from Rs 400.82 crore in Q4 FY25 reflects intensifying margin pressure in the electronics manufacturing services sector. The sharp profit contraction despite modest revenue growth highlights the disconnect between top-line expansion and bottom-line delivery that has characterised the company’s recent quarters. Profit before tax fell to Rs 370 crore from Rs 576 crore in Q4 FY25, a 35.8 percent decline. Total expenses rose to Rs 10,230.77 crore from Rs 9,981.92 crore, reflecting higher operating and transition costs.
The full-year FY26 picture tells a markedly different story. Dixon Technologies’ consolidated net profit for the full year FY26 rose 33 percent to Rs 1,644 crore from Rs 1,233 crore in FY25, while revenue surged 28 percent to Rs 49,586 crore. Diluted EPS for FY26 improved to Rs 269.35 from Rs 202.58 in the prior year. The Dixon Technologies Q4 FY26 results thus represent a seasonally and operationally soft quarter within an otherwise strong annual performance, partly driven by business restructuring activities and operating cost pressures in the March quarter.
Revenue and Operating Performance in Dixon Technologies Q4 FY26
Revenue from operations in Dixon Technologies Q4 FY26 was Rs 10,510.51 crore, a 2.12 percent year-on-year increase from Rs 10,292.54 crore in Q4 FY25, but a 1.51 percent sequential decline from the December 2025 quarter. The mobile and EMS business, which is the primary revenue driver contributing approximately 90 percent of total revenue, grew 4 percent year-on-year to Rs 9,485 crore. The home appliances division, contributing around 3 percent of total revenue, grew 9 percent year-on-year to Rs 329 crore.
At the operating level, EBITDA for Dixon Technologies Q4 FY26 stood at Rs 418 crore, reflecting an 8 percent year-on-year decline from Rs 454 crore in Q4 FY25. The EBITDA margin contracted 40 basis points to 4.0 percent from 4.4 percent in the year-ago period. This margin compression reflects the cost structure challenges and competitive dynamics in the EMS sector, where Dixon Technologies competes with both domestic and global players for contract manufacturing volumes.
Dixon Technologies FY26 Full Year Performance
Despite the weak Q4 FY26 quarter, Dixon Technologies delivered a landmark full-year FY26 performance. Revenue crossed Rs 49,586 crore, up 28 percent, driven by strong execution across mobile phones, home appliances, lighting products, and the growing EMS business. Full-year consolidated PAT of Rs 1,644 crore represents a 33 percent year-on-year improvement. The company has positioned itself as the manufacturing partner of choice for several global brands entering India through the PLI scheme in electronics, and this structural positioning remains intact despite the quarterly profit volatility seen in Dixon Technologies Q4 FY26.
Dixon Technologies Q4 FY26 Dividend Announcement
The board of Dixon Technologies recommended a final dividend of Rs 10 per equity share of face value Rs 2 each for FY26. This payout is subject to approval of shareholders at the ensuing 33rd Annual General Meeting. The company also announced the grant of 16,155 stock options to employees under its ESOP 2023 plan, vesting over three years from the date of grant.
Dixon Technologies Q4 FY26 Stock Price Reaction
Following the Dixon Technologies Q4 FY26 results, the stock fell 5.87 percent to close at Rs 10,138.50 on the NSE on May 12, 2026, from a previous close of Rs 10,770.40. Intraday, the stock hit a low of Rs 10,100.00. The stock has a 52-week high of approximately Rs 16,500 and a 52-week low near Rs 9,800, having declined approximately 37 percent over the past year and significantly underperformed the broader market. Market capitalisation stood at approximately Rs 61,531 crore as of May 12, 2026.
Dixon Technologies FY27 Outlook
Post Dixon Technologies Q4 FY26 results, investors will closely monitor the trajectory of EBITDA margins in FY27, particularly whether the March quarter margin compression was a seasonal and transitional anomaly or a structural concern. The company’s expanding joint ventures with global partners like Signify, Inventec, and Longcheer position it well in the growing electronics manufacturing landscape. The PLI incentive income of approximately Rs 1,110 crore still pending formal disbursement from the Project Management Agency remains a key monitorable. Management’s guidance on order pipeline, new customer additions, and margin recovery in Q1 FY27 will be closely tracked by institutional investors.
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Frequently Asked Questions on Dixon Technologies Q4 FY26 Results
What is Dixon Technologies Q4 FY26 net profit?
Ans. Dixon Technologies Q4 FY26 consolidated net profit is Rs 256.41 crore, a 36.03 percent year-on-year decline from Rs 400.82 crore in Q4 FY25, due to EBITDA margin compression and higher expenses.
When did Dixon Technologies announce Q4 FY26 results?
Ans. Dixon Technologies Q4 FY26 results were announced on 12 May 2026, through a board meeting that also approved the recommendation of a final dividend and ESOP grants.
What is Dixon Technologies Q4 FY26 dividend?
Ans. Dixon Technologies board recommended a final dividend of Rs 10 per equity share of face value Rs 2 each for FY26, subject to approval at the 33rd Annual General Meeting.
What was Dixon Technologies revenue in Q4 FY26?
Ans. Dixon Technologies Q4 FY26 revenue from operations was Rs 10,510.51 crore, up 2.12 percent year-on-year from Rs 10,292.54 crore in Q4 FY25.
What was Dixon Technologies FY26 full-year net profit?
Ans. Dixon Technologies FY26 full-year consolidated net profit was Rs 1,644 crore, up 33 percent from Rs 1,233 crore in FY25, while revenue surged 28 percent to Rs 49,586 crore.
Why did Dixon Technologies Q4 FY26 profit fall?
Ans. Dixon Technologies Q4 FY26 profit decline was driven by EBITDA margin compression to 4.0 percent from 4.4 percent in Q4 FY25, higher total expenses of Rs 10,230.77 crore, business restructuring costs, and competitive dynamics in the EMS sector.
Where can I track Dixon Technologies Q4 FY26 stock price?
Ans. Track Dixon Technologies live price, analyst ratings, and Q4 FY26 earnings updates in real time on the Univest Screener for up-to-date market data and research insights.
Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. All financial data cited is sourced from BSE/NSE exchange filings and verified news sources. Investments in securities are subject to market risk. Consult a SEBI-registered investment advisor before making any investment decision.
