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5 min read | Updated on May 20, 2025, 10:27 IST
SUMMARY
Dixon Technologies Q4: Market participants will watch out for the company's top-line and bottomline numbers, operational performance, dividend payout, management commentary and the outlook of the company as well as the industry.
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In the past year, the stock price has jumped nearly 82%. | Image: Shutterstock
The results will likely be released after market hours, i.e., 3:30 PM.
In the morning trade, the stock was trading at ₹16,968.45, up 2.35% on the BSE.
Founded in 1993, Dixon commenced manufacturing colour television in 1994. The company has now expanded its operations to various sub-segments of electronics. Dixon Technologies is primarily engaged in manufacturing products in the consumer durables, lighting, and mobile phone markets in India.
The company's diversified product portfolio includes consumer electronics like LED TVs, home appliances like washing machines; lighting products like LED bulbs, tubelights, and downlighters; mobile phones; CCTV & DVRs; wearables; and refrigerators.
Dixon also provides solutions in reverse logistics, i.e., repair and refurbishment services of LED TV panels.
Market participants will watch out for the company's top-line and bottomline numbers, operational performance, dividend payout, management commentary and the outlook of the company as well as the industry.
Further, performance of its key vertical, Mobile & EMS (Electronic Manufacturing Services), will be keenly eyed.
Its peer, Amber Enterprises, reported a good set of numbers for the March 2025 quarter.
As per the company's press release, Amber Enterprises reported a consolidated revenue of ₹3,754 crore, up 34% YoY, while its operating EBITDA stood at ₹314 crore, a growth of 34% over the same quarter of the previous fiscal year. Its profit after tax (PAT) came in at ₹118 crore, a growth of 20% YoY.
The operating EBITDA excludes the impact of ESOP expense and other non-operating income and expenses.
For FY25, profit after tax (PAT) came in at ₹251 crore, a growth of 80% over the previous year.
Commenting on the results for Q4 & FY25, Daljit Singh, Managing Director, said, “We are pleased to report that FY25 has been a phenomenal year, both in terms of the performance and progression of the company. We delivered a robust consolidated performance for the year with revenue from operations of ₹9,973 crore, reflecting a growth of 48% YoY, and a resultant operating EBITDA of ₹ 796 Cr, a growth of 53% YoY, and a record PAT of ₹ 251 Cr, translating into a growth of 80% on a YoY basis."
The MD added that Amber Enterprises is allocating capital towards the technology-intensive manufacturing businesses and creating a competitive edge with backward integration, strategic collaboration, manufacturing excellence, and scale to strengthen the customer relationships and enhance our margin profile, in line with the ‘Aatmanirbhar Bharat’ vision of the Government of India, fostering domestic capabilities.
The company, as per its earnings release, reported a revenue of ₹10,461 crore during the December 2024 quarter, up 117% year-on-year (YoY).
Its EBITDA, or earnings before interest, taxes, depreciation, and amortisation, came in at ₹398 crore against ₹187 crore logged in the year-ago period. The figure grew 113% YoY.
However, its EBITDA margin slipped 10 basis points (bps) YoY to 3.8%.
Its profit after tax (PAT) stood at ₹217 crore, up 124% YoY, while PAT margin grew 10 bps to 2.1%.
Further, Dixon Technologies' Mobile & EMS Division revenue came in at ₹9,305 crore. This was a bit lower than ₹9,444 crore logged in the September quarter. It posted ₹3,214 crore revenue in the December quarter of the previous fiscal year.
On a YoY basis, revenue grew 190%, but QoQ it slipped 1%.
Revenue for the vertical came in at ₹633 crore, down from ₹1,413 crore in the September 2024 quarter and ₹929 crore logged in the year-ago quarter.
The figure dropped 32% QoQ and 55% YoY.
Its operating profit, too, fell 58% QoQ and 31% YoY to ₹22 crore.
The joint venture, Dixon IT Devices Private Limited, will focus on manufacturing notebook PC products, desktop PC products, including components, and servers within India, according to a regulatory filing.
Under the terms of the agreement, Dixon Technologies will hold a 60 per cent stake in the joint venture, while Inventec Corporation will own the remaining 40 per cent.
According to a PTI report, Tata Electronics will likely invest ₹2,000 crore in electronics components manufacturing under the ₹23,000 crore incentive scheme launched by the government.
Talking about the electronics component manufacturing scheme (ECMS), Dixon CEO Atul Lal said electronics components are the next phase of growth for the company.
"We have already rolled out a project for display modules. We are evaluating various other component categories like camera modules, mechanical enclosures, and lithium-ion batteries. So we are seriously evaluating, and we will be deeply participating in ECMS," Lal said.
Signify Innovations, formerly known as Philips Lighting, is a global leader in lighting products.
Shares of Dixon Technologies have risen nearly 5% in the past 30 days and nearly 11% in the past six months. In the past year, the stock price has jumped nearly 82%.
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