Dixon Technologies shares rise 11 per cent on Q2 revenue growth
The company reported a 46.7 per cent year-on-year increase in revenue to Rs 21,794 crore for the second quarter of FY27.
Shares of Dixon Technologies jumped 11 per cent on Monday to reach an intraday high of Rs 12,199 on the NSE. According to the Economic Times, the surge followed the company reporting a 46.7 per cent year-on-year increase in revenue to Rs 21,794 crore in Q2FY27, up from Rs 14,855 crore in the same period last year.
While revenue grew, the company's net profit declined 48.7 per cent to Rs 343.7 crore in Q2FY27 from Rs 670 crore in Q2FY26. Operating profit increased 6 per cent to Rs 597 crore from Rs 561 crore in the corresponding period last year.
The Mobile & Other EMS Division saw revenue increase to Rs 20,093 crore in Q2FY27 from Rs 13,361 crore in Q2FY26. Operating profit for this division stood at Rs 509 crore, compared with Rs 472 crore in the year-ago quarter.
In the first half of FY27, ended September 2026, revenue from operations increased 35 per cent to Rs 37,938 crore. Profit after tax (PAT) for the first half increased 13 per cent to Rs 1,007 crore from Rs 895 crore in the previous year.
The board has approved the appointment of Prithvi Vachani as an Additional Director and Executive Director for five years, effective October 30, 2026. This appointment remains subject to shareholder approval.
Additionally, Adivistar Electronics India Private Limited was incorporated as a subsidiary of Dixon Technologies (India) Limited during the quarter ended September 30, 2026.