Integrated Filing — IndAS



General information about company

Scrip Code 540699
NSE Symbol DIXON
MSEI Symbol NOTLISTED
ISIN INE935N01020
Name of company Dixon Technologies (India) Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 12-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 05-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Electronics Goods
Start date and time of board meeting 12-05-2026   14:10:00
End date and time of board meeting 12-05-2026   15:35:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 10,51,051.00 48,87,280.00
Other income 8,430.00 71,304.00
Total income 10,59,481.00 49,58,584.00
2 Expenses
(a) Cost of materials consumed 10,02,498.00 45,46,038.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (30,992.00) (18,320.00)
(d) Employee benefit expense 17,399.00 71,115.00
(e) Finance costs 2,366.00 13,747.00
(f) Depreciation, depletion and amortisation expense 10,497.00 39,298.00
(f) Other Expenses
1 Other Expenses 21,309.00 1,01,795.00
Total other expenses 21,309.00 1,01,795.00
Total expenses 10,23,077.00 47,53,673.00
3 Total profit before exceptional items and tax 36,404.00 2,04,911.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 36,404.00 2,04,911.00
6 Tax expense
7 Current tax 14,670.00 41,198.00
8 Deferred tax (7,491.00) 1,433.00
9 Total tax expenses 7,179.00 42,631.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 29,225.00 1,62,280.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 572.00 2,145.00
16 Total profit (loss) for period 29,797.00 1,64,425.00
17 Other comprehensive income net of taxes 86.00 67.00
18 Total Comprehensive Income for the period 29,883.00 1,64,492.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 25,641.00 1,43,864.00
Total profit or loss, attributable to non-controlling interests 4,156.00 20,561.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 25,730.00 1,43,917.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 4,153.00 20,575.00
21 Details of equity share capital
Paid-up equity share capital 1,216.00 1,216.00
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve 4,66,451.00
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 49.22 271.59
Diluted earnings (loss) per share from continuing operations 48.81 269.35
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 49.22 271.59
Diluted earnings (loss) per share from continuing and discontinued operations 48.81 269.35
24 Debt equity ratio 0.100 0.100
25 Debt service coverage ratio 0.900 4.00
26 Interest service coverage ratio 16.400 15.900
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. These consolidated financial results of Dixon Technologies (India) Limited (Holding Company) have been prepared in accordance with Indian Accounting Standards (Ind-AS) as prescribed under section 133 of Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendments thereafter and SEBI circulars issued thereunder. 2. The above consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on 12 May 2026. The statutory auditors have expressed an unmodified review conclusion on these results. 3. During the year ended 31 March 2026, Lightanium Technologies Private Limited and Dixon Electrocorp Private Limited were incorporated, as joint venture and wholly owned subsidiary of Dixon Technologies (India) Limited respectively. 4. In the previous year, the Holding Company entered into Share Subscription and Purchase Agreement (“SSPA”) with Aditya Infotech Limited (“Aditya”) for sale of 9,500,000 fully paid-up equity shares of AIL Dixon Technologies Private Limited (‘AIL Dixon’) representing 50% of AIL Dixon equity share capital, the joint venture company. The consideration of this transaction is through exchange of 73,05,805 equity shares of Rs. 1 each, representing 6.50% of Aditya equity share capital on a fully diluted basis on that date. Based on registered valuer, the fair value gain of Rs. 25,037 lakhs on these investment has been recognised for the quarter ended 31 March 2025 and shown as exceptional item. For the year ended 31 March 2025, the cumulative recognised fair value gain is Rs. 45,998 lakhs, which has been disclosed as an exceptional item in the previous year. 5. The Chief Operating Decision Maker ('CODM') comprise of the Board of Directors, Vice Chairman cum Managing Director and Chief Financial Officer which examines the Group’s performance on the basis of single operating segment Electronics Goods; accordingly, segment disclosure is not required. 6. During the year ended 31 March 2026, the Holding Company has transferred its lighting business undertaking including the shares of its Subsidiary, Dixon Technologies Solutions Private Limited to Lightanium Technologies Private Limited for a total consideration of Rs. 14,030 lakhs (Rs. 11,530 lakhs and Rs. 2,500 lakhs, respectively based on registered valuer) effective from 01 August 2025. This transaction was executed as part of the joint venture arrangement, resulting in the Holding Company recognising a gain on sale of the undertaking and subsidiary shares amounting to Rs. 2,188 lakhs and Rs. 619 lakhs respectively. Signify Innovations India Limited transferred its LED lighting manufacturing operations at Vadodara, Gujarat, to Lightanium Technologies Private Limited as a going concern through a slump sale for a cash consideration of Rs. 14,030 lakhs. Following the completion of these transactions, both the Holding Company and Signify Innovations India Limited each hold 50% of the post-issue share capital of Lightanium Technologies Private Limited. The financial figures for the quarter and year ended 31 March 2026 are not comparable with those of the corresponding periods of the previous year and the previous quarter of the current year due to the transfer of the lighting business to a Joint Venture company with effect from 01 August 2025. 7. The Holding Company has acquired equity stake in Kunshan Q Tech Microelectronics (India) Private Limited (“Q Tech India”) pursuant to the Share Subscription and Purchase Agreement dated 17 September 2025, executed between the Holding Company, Q Tech India, Q Technology (Singapore) Private Limited, and Kunshan Q Technology International Limited. On 26 September 2025, The Holding Company has completed the acquisition of 51% of the paid-up share capital of Q Tech India on a fully diluted basis. In accordance with the terms of the agreement; the Holding Company acquired 1,61,50,943 equity shares of Rs. 10 each of Q Tech India from existing shareholders for an aggregate cash consideration of Rs. 42,800 lakhs and subscribed 47,16,981 equity shares of Rs. 10 each of Q Tech India for a cash consideration of Rs. 12,500 lakhs. 8. The Government of India has consolidated 29 existing labour legislations into a united framework comprising four Labour Code viz Code on Wages 2019, Code on Social Security 2020, Industrial Relation Code 2020, and Occupational Safety, Health and Working Condition Code 2020 (collectively referred to as the New Labour Codes). These New Labour Codes have been made effective from 21 November 2025. Subsequent to the year-end, the Central Government has notified the Industrial Relations (Central) Rules, 2026, the Code on Wages (Central) Rules, 2026, the Code on Social Security (Central) Rules, 2026, and the Occupational Safety, Health and Working Conditions (Central) Rules, 2026. The corresponding State Rules and certain other operational clarifications under the New Labour Codes are yet to be notified. The Group has assessed and accounted for the incremental liability towards its employees in the quarters ended 31 December 2025 and 31 March 2026. The impact of such adjustment is not material to the consolidated financial results for the quarter and year ended 31 March 2026. The Group will continue to monitor the notification of the remaining State Rules and clarifications, and will evaluate and give effect to the impact, if any, on the measurement of employee benefit obligations in the period in which such Rules become effective. 9. During the year ended 31 March 2026, the Holding Company and Inventec Corporation (Inventec) have made an investment of Rs. 2,051 lakhs and Rs. 1,368 lakhs, respectively in the Dixon IT Devices Private Limited (Subsidiary Company). Pursuant to the said investments, The Holding Company and Inventec have acquired a total of 2,05,10,000 equity shares and 1,36,80,000 equity shares of INR 10/- each respectively, of the Subsidiary Company. As a result, the Holding Company now holds 60% and Inventec holds 40% of the total issued and paid up share capital of the Subsidiary Company on a fully diluted basis. 10. During the quarter ended 31 March 2026, the Holding Company and Longcheer Intelligence Pte. Ltd. (“Longcheer”) have made an investment of Rs. 739 lakhs and Rs. 260 lakhs, respectively in the Dixtel Infocom Private Limited (Subsidiary Company). Pursuant to the said investments, The Holding Company and Longcheer have acquired a total of 73,90,000 equity shares and 26,00,000 equity shares of INR 10/- each respectively, of the Subsidiary Company. As a result, the Holding Company now holds 74% and Longcheer holds 26% of the total issued and paid-up share capital of the Subsidiary Company on a fully diluted basis. 11. One of the subsidiary company recognises incentive income under the Production Linked Incentive (“PLI”) Scheme to the extent that its eligible revenues exceed the prescribed annual ceiling limit. Recognition of such incremental incentive income is permitted under the Scheme in circumstances where other eligible applicants within the same target segment have not fully utilised their respective ceiling entitlements. The recognition is based on management’s assessment of the performance of other applicants, using publicly available information and internally available data. Incentive income accrued amounting to Rs. 1,11,006 lakhs, relating to such overperformance across different performance years, remains outstanding and receivable, pending formal determination and disbursement by the Project Management Agency (“PMA”). Correspondingly, the subsidiary company has recognised a liability payable to its customer as per the arrangement amounting to Rs. 72,634 lakhs in respect of the same incentive. The subsidiary company has consistently asserted its eligibility and entitlement to the aforesaid incentive through appropriate representations and continues to actively pursue their receipt for the relevant performance years through ongoing engagement with the PMA and other concerned authorities. Management’s assessment regarding recognition and recoverability of the incentive receivable is supported by independent legal advice, which confirms the subsidiary’s eligibility for incentive upon achievement of the prescribed conditions under the Scheme. 12. The Board of Directors of the Company at its meeting held on 12 May 2026 had recommended a final dividend of INR 10.00/- per equity share of face value INR 2/- each for the financial year 2025-2026 subject to the approval of the shareholders in the ensuing Annual General Meeting of the Company. 13. The figures for the quarter ended 31 March 2026 and 31 March 2025 are the balancing figures between audited figures in respect of full financial year and the unaudited published year-to-date figures upto 31 December 2025 and 31 December 2024 respectively which were subjected to limited review.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 2,71,990.00
Capital work-in-progress 57,084.00
Investment property 0.00
Goodwill 58,000.00
Other intangible assets 87,175.00
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 70,653.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Other financial assets 13,688.00
Total of other non-current financial assets 13,688.00
Total non-current financial assets 84,341.00
Deferred tax assets (net) 975.00
Other non-current assets
1 Other non-current assets 5,060.00
Total of other non-current assets 5,060.00
Total non-current assets 5,64,625.00
2 Current assets
Inventories 3,83,652.00
Current financial asset
Current investments 30,031.00
Trade receivables, current 6,52,991.00
Cash and cash equivalents 76,743.00
Bank balance other than cash and cash equivalents 17,363.00
Loans, current 0.00
Other current financial assets
Total of other current financial assets 1,24,302.00
Total current financial assets 9,01,430.00
Current tax assets (net) 7,876.00
Other current assets
1 Other current assets 58,581.00
Total of other current assets 58,581.00
Total current assets 13,51,539.00
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 19,16,164.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,216.00
Other equity 4,66,451.00
Total equity attributable to owners of parent 4,67,667.00
Non controlling interest 71,000.00
Total equity 5,38,667.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 35,969.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Other financial liabilities 50,053.00
Total of other non-current financial liabilities 50,053.00
Total non-current financial liabilities 86,022.00
Provisions, non-current 1,446.00
Deferred tax liabilities (net) 12,031.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
1 Other non-current liabilities 8,169.00
Total of other non-current liabilities 8,169.00
Total non-current liabilities 1,07,668.00
Current liabilities
Current financial liabilities
Borrowings, current 10,781.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 16,643.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 10,55,575.00
Total Trade payable 10,72,218.00
Other current financial liabilities
1 Other current financial liabilities 1,32,905.00
Total of other current financial liabilities 1,32,905.00
Total current financial liabilities 12,15,904.00
Other current liabilities 50,834.00
1 Other current liabilities 50,834.00
Total of other current liabilities 50,834.00
Provisions, current 1,024.00
Current tax liabilities (Net) 2,067.00
Deferred government grants, Current 0.00
Total current liabilities 12,69,829.00
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 13,77,497.00
Total equity and liabilites 19,16,164.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Amount of items that will not be reclassified to profit and loss 73.00 42.00
2 Share of OCI in Joint Ventures (net) 37.00 37.00
Total Amount of items that will not be reclassified to profit and loss 110.00 79.00
2 Income tax relating to items that will not be reclassified to profit or loss 24.00 12.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 86.00 67.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 2,04,911.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 13,747.00
Adjustments for decrease (increase) in inventories 19,599.00
Adjustments for decrease (increase) in trade receivables, current 57,587.00
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (16,656.00)
Adjustments for decrease (increase) in other non-current assets (845.00)
Adjustments for other financial assets, non-current (8,938.00)
Adjustments for other financial assets, current 18,273.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (71,732.00)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 37,684.00
Adjustments for increase (decrease) in other non-current liabilities 6,505.00
Adjustments for depreciation and amortisation expense 39,298.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 330.00
Adjustments for provisions, non-current 20.00
Adjustments for other financial liabilities, current 42.00
Adjustments for other financial liabilities, non-current (19,536.00)
Adjustments for unrealised foreign exchange losses gains 3,288.00
Adjustments for dividend income 108.00
Adjustments for interest income 760.00
Adjustments for share-based payments 6,081.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) (68,972.00)
Other adjustments for non-cash items (129.00)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 14,778.00
Net cash flows from (used in) operations 2,19,689.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 41,460.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 1,78,229.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 43,051.00
Other cash receipts from sales of equity or debt instruments of other entities 65,826.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 964.00
Purchase of property, plant and equipment 1,06,751.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 400.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 108.00
Interest received 760.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (43,310.00)
Net cash flows from (used in) investing activities (1,25,054.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 26,318.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 46,750.00
Repayments of borrowings 53,207.00
Payments of lease liabilities 8,598.00
Dividends paid 11,783.00
Interest paid 10,295.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (10,815.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 42,360.00
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 23,085.00
Net increase (decrease) in cash and cash equivalents 65,445.00
Cash and cash equivalents cash flow statement at beginning of period 11,298.00
Cash and cash equivalents cash flow statement at end of period 76,743.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 S.N. DHAWAN & CO LLP Yes 29-02-2028