Dixon Technologies Q4 FY25: income, profit, dividend

What Dixon reported for Q4FY25

Dixon Technologies (India) Ltd released its March-quarter (Q4FY25) performance, with figures appearing across exchange-sourced summaries and the company’s earnings call commentary. In the quarterly snapshot referenced from BSE and company announcements, Dixon’s consolidated total income for Q4FY25 was reported at ₹4,674.65 crore. That number was sharply lower than the immediately preceding quarter, reflecting a steep quarter-on-quarter decline.

At the same time, year-on-year comparisons in the same dataset showed strong growth from the March quarter of the prior year. The Q4FY25 earnings call held on 20 May 2025 also included a separate set of consolidated headline numbers shared by the CFO, including revenue and profit metrics and a fair value gain related to an equity stake. Investors tracking Dixon’s electronic manufacturing services (EMS) business therefore had multiple disclosed datapoints to parse.

Result summary: QoQ drop, YoY growth

The exchange-sourced summary stated that consolidated revenues for the quarter-ended March (Q4FY25) fell 55.3% quarter-on-quarter. On a year-on-year basis, the company’s revenue was shown as up 52.4%. Expenses followed a similar pattern, down 55.3% QoQ and up 53.8% YoY.

Profitability also mirrored the same direction of movement. Net profit decreased 55.0% QoQ but increased 20.7% YoY, as per the same summary. Earnings per share (EPS) for Q4FY25 was reported at 16.2.

Income and expense details from the BSE-linked dataset

The dataset put Dixon’s total income in Q4FY25 at ₹4,674.65 crore, compared with ₹10,460.18 crore in Q3FY25 and ₹3,067.27 crore in Q4FY24. Total expenses in Q4FY25 were stated at ₹4,547.95 crore, compared with ₹10,178.63 crore in Q3FY25 and ₹2,956.76 crore in Q4FY24.

On the profit line, profit before tax (PBT) for Q4FY25 was given as ₹126.70 crore versus ₹281.55 crore in Q3FY25 and ₹110.51 crore in Q4FY24. Tax expense for Q4FY25 was ₹32.21 crore, down 53.3% QoQ and up 2.4% YoY. Profit after tax (PAT) was stated at ₹97.30 crore, down 55.0% QoQ and up 20.7% YoY.

EPS in the same set was ₹16.20 in Q4FY25, compared with ₹35.60 in Q3FY25 and ₹13.50 in Q4FY24.

Earnings call highlights: alternate consolidated headline numbers

Dixon’s earnings call for the quarter ended March 2025 was held on 20 May 2025. In the call remarks attributed to CFO Sarab Gupta, the company said consolidated revenues for the quarter ended 31 March 2025 were ₹10,340 crore against ₹4,675 crore in the same period last year, which was described as 120% growth.

In the same prepared commentary, consolidated “AITA” was stated at ₹454 crore against ₹199 crore in the same period last year, described as 128% growth. The call also stated consolidated profit after tax at ₹401 crore versus ₹95 crore in the same period last year, described as 322% growth. The call commentary added that this PAT included a fair value gain of ₹250 crore related to the value of Dixon’s 6.5% stake in “Nadita Info Limited” (as transcribed).

These earnings-call figures differ from the exchange-linked quarterly snapshot numbers presented elsewhere in the provided material. The company did not reconcile the difference within the excerpted text, so readers should treat them as separate disclosures as presented.

Dividend recommendation for FY25

Separately, the material stated that the board recommended a final dividend for FY25 at ₹8 per equity share. The shares referenced have a face value of ₹2 each. The note added that the dividend, if approved by members at the company’s 32nd Annual General Meeting (AGM), would be credited within 30 days from the date of the AGM.

Context: a busy Q4 results day

Dixon was among a large set of companies scheduled to report results on Tuesday, 20 May, when over 140 companies were expected to declare Q4 numbers. Coverage in the provided text also flagged that market participants were watching other large names such as Hindalco Industries and Max Healthcare alongside Dixon on the same day.

This broader context matters because heavy result days can increase short-term volatility in stocks and sector peers, especially in widely tracked segments such as EMS.

Key reported numbers at a glance (exchange-linked dataset)

Key earnings-call headline numbers (as stated)

Market impact: what the disclosures signal

Based on the exchange-linked quarterly snapshot, Dixon’s Q4FY25 showed a steep sequential fall in total income and expenses, with profit metrics also down QoQ. At the same time, the YoY comparisons in that dataset remained positive across income, expenses, and net profit, pointing to a higher base versus Q4FY24.

The dividend recommendation of ₹8 per share adds a separate shareholder-return datapoint that investors often track alongside quarterly profitability. Meanwhile, the earnings call’s inclusion of a ₹250 crore fair value gain in stated PAT highlights that part of the profit figure mentioned on the call was linked to valuation movements rather than only operating performance.

Why this quarter matters for Dixon watchers

Dixon is closely tracked as a listed proxy for India’s EMS expansion, and quarter-to-quarter swings can be sharp due to product cycles, customer ramps, and timing of shipments. The Q4FY25 material presented here includes both a detailed quarter-on-quarter drop in reported total income (exchange-linked dataset) and a contrasting set of larger YoY headline numbers in the earnings call excerpt.

For investors, the practical takeaway is to separate operating trends from one-off items where explicitly stated, such as the fair value gain noted in the call commentary. It also underlines the importance of checking like-for-like definitions, such as “total income” versus “revenue from operations” or “consolidated revenues,” when comparing across sources.

Closing summary

Dixon’s Q4FY25 disclosures included a 55.3% QoQ drop in total income to ₹4,674.65 crore in the exchange-linked summary, alongside YoY growth across major lines. The board also recommended a final dividend of ₹8 per share for FY25, subject to shareholder approval at the 32nd AGM, with payment timelines outlined after the AGM date.