Dixon Technologies Q1 FY27: ₹12,615 Cr, EBITDA ₹472 Cr

Stock snapshot: price, range, and key ratios

Dixon Technologies (India) is listed as NSE: DIXON and BSE: 540699, in the Consumer Durables - Electronics segment. On BSE at 01:54 PM, the stock was shown at ₹12,030.25, up ₹100.25 (0.84%). The session range in the same snapshot was ₹12,095 (high) and ₹11,720 (low).

The longer price band in the provided data shows a 52-week high of ₹18,471.5 and a 52-week low of ₹9,605.05. Market capitalisation is shown in multiple places, including ₹73,487.89 crore in one snapshot and ₹73,223.6935027 crore in another calculation based on the latest share price. A separate “Quick Details” panel also lists market cap ₹84,657.39 crore with a CMP of ₹13,846.0, indicating the data points are from different moments.

Board meeting date: July 31, 2026

The company has scheduled a board meeting for July 31, 2026 to consider and approve the unaudited financial results for the quarter ended June 30, 2026. In the provided text, the results date is also referenced as July-August 2026 (TBD) for Q1 FY27, with guidance to verify the final timing on NSE and BSE filing portals.

This timing matters for short-term price discovery because the stock has been moving within a wide 52-week band and trades at valuation multiples that vary across snapshots in the data.

What the provided Q1 FY27 headline numbers show

One section of the provided content lists Q1 FY2027 performance as follows:

• Revenue: ₹12,615 crore (+68% YoY)
• EBITDA: ₹472 crore (+58% YoY)
• Net profit: ₹215 crore (+42% YoY)
• EBITDA margin: 3.7%

The same content links margin commentary to the scale-driven nature of the EMS business and notes profitability dynamics for FY27 due to the mobile PLI conclusion.

Q1 FY26 base and other reported quarterly figures in the text

The dataset also includes Q1 FY26 numbers from a results-style summary:

• Q1 FY26 consolidated net profit: ₹280.02 crore (up 100% from ₹139.70 crore in the year-ago quarter)
• Q1 FY26 revenue from operations: ₹12,835.66 crore (up from ₹6,579.80 crore in Q1 FY25)
• Q1 FY26 EBITDA: ₹484 crore (from ₹256 crore a year earlier)
• PAT margin: 2.2% (from 2.1%)
• Net debt: ₹214 crore as of June 2025 (from ₹62 crore at end-March 2025)

Separately, another line item notes: “Dixon Technologies (India) reports 68% jump in Q1 consolidated net profit” dated 23 Jul, without adding more figures in that specific snippet.

Because multiple sections in the input cite different Q1 FY27 and Q1 FY26 figures, investors typically reconcile the final numbers with the company’s exchange filing and the earnings release.

Quarterly trend tables: standalone-style vs consolidated series

The input includes a “Quarterly Result (All Figures in Cr.)” table with net sales and other items for Mar 2025 to Mar 2026. It shows Net Sales moving from ₹1,085.67 crore (Mar 2025) to ₹861.32 crore (Mar 2026), and Adjusted EPS values including ₹46.23 (Mar 2025) and ₹12.81 (Mar 2026).

It also includes a separate consolidated quarterly series (in ₹ crore) that lists revenue-like figures across quarters such as ₹10,293 (Mar 2025), ₹12,836 (Jun 2025), ₹14,855 (Sep 2025), ₹10,672 (Dec 2025), and ₹10,511 (Mar 2026), with corresponding operating profit figures such as ₹482 (Jun 2025), ₹561 (Sep 2025), ₹414 (Dec 2025), and ₹408 (Mar 2026).

Key metrics table (as shown in the provided data)

FY27 drivers and constraints highlighted in the text

A major operational change flagged in the input is the end of incentives: the mobile phone PLI scheme concluded in March 2026, so no new incentives will accrue in FY27. The text also states that mobile PLI incentives contributed ₹1,110 crore in FY26, and that operating EBITDA margins may remain compressed in the 3.5% to 4.0% range in the absence of these incentives.

It also points to a base effect on profitability because the prior fiscal year included ₹671 crore in one-time equity gains, which are stated as non-recurring for the quarter in focus.

Targets and volume commentary mentioned

The input references multiple targets and operating metrics:

• FY27 mobile business revenue target: ₹60,000 to ₹65,000 crore
• Another stated target: overall company revenue around ₹56,000 crore next year (excluding Vivo), with 15% to 17% growth excluding Vivo volumes
• FY27 mobile volumes expected to be 32 to 33 million units excluding Vivo
• Exports of ~4 to 5 million units over and above those volumes

These figures frame the company’s growth narrative around mobile scale-up, exports, and newer categories such as smartphones, IT hardware, wearables, telecom equipment, consumer electronics, and electronic components.

Broker response cited: Motilal Oswal

Following results referenced in the input, Motilal Oswal Financial Services (MOSL) is stated to have reiterated a ‘Buy’ rating and raised its target price to ₹22,100 from ₹20,500. The brokerage commentary in the text links its view to volume growth and joint ventures, and mentions that MOSL revised FY27 estimates upward by 10%. It also cites MOSL projections of a 33% revenue CAGR, 36% EBITDA CAGR, and 45% PAT CAGR over FY25 to FY28, along with EBITDA margin projections of 3.8% (FY26), 4.0% (FY27), and 4.2% (FY28).

Valuation and what investors typically track into the result

The provided data shows varying valuation snapshots: one section shows P/E 96.77, another describes the stock trading at a P/E of 46.4, and a separate peer-style table lists P/E 52.89 at a CMP of ₹12,456 with market cap ₹76,088.62 crore. Such differences typically arise from different timestamps and data providers.

Into the July 31, 2026 board meeting, investors usually focus on three quantifiable items referenced in the input: revenue trajectory, EBITDA margin outcomes in a post-PLI environment, and any movement in leverage metrics such as net debt.

Conclusion

Dixon Technologies heads into its July 31, 2026 board meeting with investor attention split between growth targets in mobiles and the near-term impact of the mobile PLI scheme ending in March 2026. The next concrete milestone is the exchange filing of the unaudited Q1 FY27 results (quarter ended June 30, 2026) on the NSE and BSE portals after board approval.