Dixon Tech Q3: Revenue Misses Expectations, Other Income Boosts Profit
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CNBC TV18•29-01-2026, 16:42
Dixon Tech Q3: Revenue Misses Expectations, Other Income Boosts Profit
- •Dixon Technologies reported Q3 revenue growth of 2.1% year-on-year to ₹10,671 crore, below the CNBC-TV18 poll expectation of 3% growth.
- •Mobile business revenue dropped 27% quarter-on-quarter, despite a 5% year-on-year growth, impacting overall topline due to weaker sales.
- •EBITDA of ₹414.6 crore was in line with expectations, growing 5.8% year-on-year with margins at 3.9%.
- •Net profit surged 67% to ₹287 crore, primarily driven by a significant increase in other income to ₹131 crore from ₹6.5 crore last year.
- •Higher memory prices affected demand for low-end phones, and full-year growth guidance of 40-45% appears challenging.
Why It Matters: Dixon Tech's Q3 revenue fell short of forecasts, with profit boosted significantly by other income.
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