Dixon Technologies (India) Limited — Investor Meet, 24-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Dixon Technologies reported Q4 revenues of Rs. 10,304 Cr, up 120% YoY, with EBITDA of Rs. 454 Cr (128% growth) and adjusted PAT of Rs. 185 Cr, excluding a one-time gain. Mobile phones surged 194% to Rs. 9,102 Cr, driven by capacity expansion and export growth. Consumer electronics posted mixed results, with refrigerators growing strongly and LED TVs facing pressures. Telecom grew 5x to Rs. 1,288 Cr, boosted by 5G capacity. Management expects mobile volumes to rise sharply to 43-44 million units in FY26 and 60-65 million by FY27, supported by partnerships and exports. CAPEX of ~Rs. 900-1,000 Cr is planned for capacity and product expansion, with a focus on margin improvement via operational efficiency and ODM growth.