Dixon Technologies shares decline 4% despite 156% YoY spike in Q1 profit
Shares of Dixon Technologies dropped 4% to the day’s low of Rs 13,580 on BSE despite the company reporting a growth of 156% year-on-year (YoY)
Shares of Dixon Technologies dropped 4% to the day’s low of Rs 13,580 on BSE despite the company reporting a growth of 156% year-on-year (YoY) in profit after tax (PAT) and 25% YoY increase in revenue in Q1 FY27. The company in a filing with the exchange said that the profit after tax was reported at Rs 718 crore in Q1FY27 registering a growth of 156% compared to the corresponding period of the previous year. The revenue from operations (including other income) was reported at Rs 16,076 crore.The EBITDA surged 105% YoY to Rs 991 crore, and profit before tax was reported at Rs 869 crore, which grew 137% YoY.The company reported the net profit for the year at Rs 498 crore compared to Rs 15.93 crore a year ago.
The employee benefits expenses were recorded at Rs 51.44 crore and the total tax expenses were 86.17 crore.Also Read | Vedanta and 4 other stocks with lowest price-to-earnings ratio. Check detailsDuring the year ended March 31, 2026, the company transferred its lighting business undertaking, including the shares of its subsidiary, Dixon Technologies Solutions, to Lightanium Technologies for a total consideration of Rs 140.30 crore (Rs 115.30 crore and Rs 25.00 crore, respectively, based on the registered valuer's report) with effect from August 1, 2025. This transaction was executed as part of the joint venture arrangement, and the company recognised a gain on the sale of the undertaking and subsidiary shares amounting to Rs 21.88 crore and Rs 24.99 crore, respectively.Signify Innovations India transferred its LED lighting manufacturing operations at Vadodara, Gujarat, to Lightanium Technologies Private Limited as a going concern on a slump sale basis for a cash consideration of Rs 140.30 crore.
Following the completion of these transactions, both the company and Signify Innovations India each hold 50% of the post-issue share capital of Lightanium Technologies. The company’s Board of Directors, at its meeting held on May 12, 2026, recommended a final dividend of Rs 10 per equity share with a face value of Rs 2 each for FY26, subject to shareholders’ approval at the ensuing Annual General Meeting.The company also announced the reappointment of Sunil Vachani as Whole-Time Director for another five-year term from May 5, 2027, to May 4, 2032, along with his remuneration, subject to shareholders’ approval.Atul B. Lall has been reappointed as Managing Director for another five-year term from May 5, 2027, to May 4, 2032, along with his remuneration, subject to shareholders’ approval.In the last month, the stock rose 12% and 25% in the last three months.
The BriefWire