Dixon Technologies (India) Limited — Investor Meet, 24-10-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Dixon's Q2 FY26: Revenue up 29% to ₹14,858 Cr, EBITDA +34% to ₹564 Cr, PAT +27% to ₹323 Cr. Strong financials with negative 6-day working capital. Strategic backward integration to boost future margins via JVs for display modules (HKC) & camera modules (Q Tech). Mobile volumes target 40-42M (FY26) & 55-60M (FY27). Telecom revenue surged 148%, targeting $1B in 2 years with network equipment exports. IT hardware aims for ₹4,000-5,000 Cr in 2 years. Management confident of ₹1 lakh Cr sales in 3-4 years, projecting EBITDA margins of 4-4.5% through diversified growth and deep integration.