30-Oct-2026 20:43:45
Dixon Tech Q2: Profit Slumps 49% to ₹344 Crore as EBITDA Margin Falls to 2.7%
Dixon Technologies reported a 48.7% YOY decline in Q2 FY27 net profit to ₹344 crore, despite revenue surging 46.7% to ₹21,794 crore. EBITDA rose just 6.4% to ₹597 crore, while margins contracted to 2.7% from 3.8%, a decline of 1.1 percentage points. The pressure came from the expiry of mobile PLI benefits, elevated memory-chip prices driven by AI demand, and higher input costs, freight and foreign-exchange pressures. Other income also plunged to ₹69 crore from ₹496 crore. Dixon closed 4.25% down today.