Q4 Results: Dixon Technologies Surges Nearly 4% on Wednesday; Revenue Up 2%; PAT Falls 36% YoY on High Base Effect

Mumbai, May 13: Shares of Dixon Technologies (India) rebounded sharply on Wednesday, rising 3.70% to trade at ₹10,513 on the NSE, extending a recovery from the previous session’s selling pressure even as broader markets remained cautious amid ongoing Middle East geopolitical uncertainty.

The stock opened at ₹10,255 a premium of ₹117 over its previous close of ₹10,138 and climbed steadily through the morning session, touching an intraday high of ₹10,696 around 10:15 am before easing modestly to trade around ₹10,513 by mid-morning, with a session low of ₹10,158 recorded in the early minutes of trade.

The intraday chart told a story of sustained institutional buying interest after a brief dip at open, with the stock holding comfortably above the previous close line for the bulk of the session and finding support on every minor pullback a pattern consistent with results-driven accumulation after the company declared its Q4 and full-year FY26 financial results on Tuesday.

On the weekly chart, Dixon had been under considerable selling pressure, declining steadily from around ₹11,300 on May 6 to a weekly low near ₹10,075 on May 12 before Wednesday’s sharp recovery, which clawed back a significant portion of the week’s losses and pointed to renewed buying interest at the ₹10,000-plus support zone.

Q4 FY26 Results: PAT Falls on High Base, Revenue Holds Steady

Dixon’s board approved its Q4 and FY26 audited financial results at a meeting held on Tuesday. On a consolidated reported basis, Q4 FY26 PAT before non-controlling interest came in at ₹298 crore, a decline of 36% from ₹465 crore in Q4 FY25 — the year-ago quarter had included a fair value gain of ₹250 crore on Dixon’s stake in Aditya Infotech Limited, making for a high base. On an adjusted basis, excluding this one-time fair value gain, Q4 PAT before NCI stood at ₹234 crore, down a more modest 6% from ₹249 crore in Q4 FY25.

Revenue from operations for Q4 FY26 stood at ₹10,511 crore on a consolidated basis, up 2% YoY from ₹10,293 crore in Q4 FY25, while total income including other income came in at ₹10,595 crore, up 3% YoY. EBITDA for the quarter was ₹493 crore, up 9% from ₹454 crore in Q4 FY25, with EBITDA margin expanding 30 basis points to 4.7% from 4.4% in the year-ago quarter. PBT before minority interest on a reported basis came in at ₹370 crore, down 36% from ₹576 crore in Q4 FY25, again reflecting the high base from the prior-year exceptional gain.

FY26 Annual Performance: Revenue Surges 28%, PAT Up 33%

For the full year FY26 on a reported consolidated basis, Dixon posted revenue of ₹49,586 crore, up 28% from ₹38,880 crore in FY25, while EBITDA surged 69% to ₹2,580 crore from ₹1,528 crore, with EBITDA margin expanding 140 basis points to 5.3% from 3.9%. PAT before non-controlling interest rose 33% to ₹1,644 crore from ₹1,233 crore in FY25, and PBT before minority interest climbed 32% to ₹2,071 crore from ₹1,570 crore. On an adjusted basis excluding fair value gains and the lighting business transfer gain, full-year PAT before NCI grew a solid 25% to ₹1,050 crore from ₹843 crore in FY25.

The board has recommended a final dividend of ₹10 per equity share of face value ₹2 each for FY26, subject to shareholder approval at the ensuing 33rd Annual General Meeting.

Source:

• https://www.nseindia.com/get-quote/equity/DIXON/Dixon-Technologies-(India)-Limited