Interim report
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Dixon Technologies (India) Limited 29th January, 2026 To Secretary Listing Department BSE Limited Department of Corporate Services Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 To Secretary Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex Mumbai – 400 051 Scrip Code - 540699 ISIN: INE935N01020 Scrip Code- DIXON ISIN: INE935N01020 Dear Sir/Madam, Sub: Outcome of Board Meeting held on 29th January, 2026 In furtherance to our intimation dated 22nd January, 2026, we hereby inform you that the Board at its Meeting held today i.e. Thursday, 29th January, 2026, inter-alia considered and approved, the following business: i. Un-Audited Financial Results (Standalone and Consolidated) of the Company for the Quarter and Nine Months ended 31 st December, 2025. Following are the key highlights on consolidated basis: Particulars Quarter ended 31.12.2025 Nine Months ended 31.12.2025 As compared to the corresponding period of the previous year Amount (In Rs. Crores) Up/ Down Amount (In Rs. Crores) Up/Down ( /) ( /) Revenue from Operations (including other income) 10,803 3% 38,991 36% EBIDTA 546 37% 2,087 94% PBT 412 44% 1,701 71% PAT 321 48% 1,346 75% The detailed format of the Un-Audited Financial Results (Standalone and Consolidated) together with the Limited Review Report is enclosed for your records. A copy of the same is also being uploaded on the Company's Website at www.dixoninfo.com . Further, an extract of the aforestated Financial Results shall be published in newspaper in the manner as prescribed under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, we hereby inform you that in accordance with the provisions of the Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024, a meeting of the Nomination and Remuneration Committee of the Company was held on 29th January, 2026 for grant of 27,000 number of options convertible into equal number of equity shares of the Company of face value of Rs. 2/- each, to the employees of the Company, its Subsidiary(ies) and Joint Venture Company(ies), under the Dixon Technologies (India) Limited Employee Stock Option Plan- 2023 ("Dixon ESOP 2023") from time to time in one or more tranches. Regd. Office: B-14 & 15, Phase-II, Noida-201305, (U.P.) India, Ph.:0120-4737200 E-mail: info@dixoninfo.com • Website: http://www.dixoninfo.com, Fax: 0120-4737263 CIN: L32101UP1993PLC066581 D i xo•,t The brand behind brands
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The Terms of the grant are as under: S. No. Particulars Description 1. Brief details of options granted The Nomination and Remuneration Committee (“Committee”) has approved the grant of 27,000 number of stock options to the employees of the Company, its Subsidiary company(ies) and Joint Venture Company(ies) from time to time in one or more tranches. 2. Whether the scheme is in terms of SEBI (SBEB) Regulations, 2021 (if applicable); Yes 3. Total number of shares covered by these options 27,000 equity shares (each stock option is convertible into one equity share) of face value of Rs. 2/- each of the Company. 4. Pricing formula The Exercise Price is based on the Market Price of the equity shares of the Company which means the latest closing price on a recognized stock exchange on which the shares of the Company are listed on the date immediately prior to the date of meeting of the Committee. As the shares of the Company are listed on more than one Stock Exchange, the price of the Stock Exchange, where there is the highest trading volume during the aforesaid period, has been considered. The Committee has the power to provide suitable discount or charge premium on the price as arrived above. However, in any case, the discount on grant price of the stock options shall not be more than 15% of the market price of the shares of the Company on a recognized stock exchange on which the shares of the Company are listed on the date immediately prior to the date of meeting of Committee on which grant is to be made. 5. Options vested Nil 6. Time within which option may be exercised The said options shall be exercised within a period of one year from the date of last vesting. 7. Options exercised Not Applicable, as this outcome is pertaining to Grant of Options under DIXON ESOP - 2023. 8. Money realized by exercise of options Not Applicable, as this outcome is pertaining to Grant of Options under DIXON ESOP - 2023. 9. The total number of shares arising as a result of exercise of option 27,000 Equity Shares of face value Rs. 2/- each will arise deeming all granted options are vested and exercised 10. Options lapsed Not Applicable 11. Variation of terms of options Not Applicable 12. Brief details of significant terms The grant of stock options is based on the eligibility criteria as decided by the Committee. The Grant of an Option shall entitle the holder to acquire one Equity share in the Company, upon payment of Exercise Price. The options granted under the scheme will vest over a period of Three years from the date of grant of options. Further the Options vested may be exercised by the Option Grantee within a maximum period of One Year from the date of last vesting of Options. The exercise price shall be based on the market price of the Company which shall mean the latest closing price on the recognized stock exchange on which the shares of the Company are listed on the date immediately prior to the date of meeting of Committee on which grant is to be made. As the shares of the Company are listed on more than one stock exchange, the closing price on the stock exchange having higher trading volume shall be considered as the market price. In any case, the exercise price shall not go below the face value of Equity shares of the Company D i xon® The brand behind brands
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13. Subsequent changes or cancellation or exercise of such options Not Applicable 14. Diluted earnings per share pursuant to issue of equity shares on exercise of options Not Applicable Time of Commencement of Board Meeting: 02:38 P.M.(IST) Time of Conclusion of Board Meeting: 03:55 P.M. (IST) You are kindly requested to take the aforesaid on your records. Thanking You, For DIXON TECHNOLOGIES (INDIA) LIMITED Ashish Kumar President- Chief Legal Counsel & Group Company Secretary Encl: as above D i xon® The brand beh ind brands I I
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S N Dhawan & CO LLP Chartered Accountants Review Report on Unaudited Standalone Financial Results 51-52, Sector 18, Phase -IV, Udyog Vihar, Gurugram, Harya na 122015 , India Tel +91 124 481 4444 To the Board of Directors of DIXON TECHNOLOGIES (INDIA) LIMITED 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of DIXON TECHNOLOGIES (INDIA) LIMITED ("the Company") for the quarter ended 31 December 2025 and the year to date results for the period from 01 April 2025 to 31 December 2025 ("the Statement"), being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the Listing Regulations'). 2. This Statement which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 'Interim Financial Reporting' ('Ind AS 34') prescribed under Section 133 of the Companies Act, 2013 ("the Act"), other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Ind AS and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations including the manner in which it is to be disclosed, or that it contains any material misstatement. For S N Dhawan & CO LLP Chartered Accountants Firm Registration No.: 000050 ~ Sushil Phogat GURIJGRAA, Partner Membership No.: 510157 o\J~'f UDIN: 26510157CEQHXV3653 - Place: New Delhi Date: 29 January 2026 s N Dhawan & CO LLP is registered with limited liability with identification number AAH-1125 and its registered office Is 108, Mercantile House. 15, Kasturba Gandhi Marg, New Delhi 11000 1, India
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S. No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Note s: DIXON TECHNOLOGIES (I NDIA) LIMITED REGISTERED OFFICE 614 & 15,PHASE 11, NDIDA UTTAR PRADESH-201305 ClN: L32101UP1993PLC066581, Website: www.dlxoninfo .com STATEMENT OF STANDALONE FI NANCIAL RESULTS FOR THE QUARTER ANO NINE MONTHS ENDED 31 DECEMBER 2025 (Rupee$ in Lak hs unless otherwise stated) Part iculars Quarter ended Nine: months ended Year ende.d 31- Dec::-25 3O-Sep-25 31-0ec-24 31-0ec-25 31-Dec- 24 31-Mar--25 Unaudited Unaudit ed Unaud ited Unau dited Unaudited Audited Revenue from operations 79,250 1,38,580 1,03,046 3,06,916 4,3 1 ,523 5,40,090 Other Income 19 233 52 184 594 72 069 2 533 6 647 Tot al income f1+2l 98 483 1 90 764 1 03 640 3 78 985 4 34 056 5 46 737 Expenses a) Cost of materlals consumed 54,940 1,21,297 81,898 2,50,585 3, 73,547 4,58,911 b} Changes In Inventorie s of finished goods, work·ln•progress and 8,777 (4,301) 3,344 2,290 (4,490) 820 stock-In-trade c) Employee benefi ts expense 5,347 61772 7,563 18,065 21,546 26,442 d) Finance costs 1,905 1,339 1,497 4,728 3,788 5,303 e) Deprecl~tion and amortisat ion expense 1,648 1,766 1,657 5,299 5,068 7,065 In Other exnenses 4 607 7 242 7 265 17 903 23 389 29 258 Total expenses 77,224 1,34,115 1,03,224 2,98,870 4, 22,848 5 ,2 7,799 Pro fit before exceptional item and tax (J-1) 21,25 9 56,649 416 80,115 11,208 18,938 Exceptional Items (refer note 4) - - 23,913 48,950 Profit before tax (5+6) 21 ,259 56,649 416 80 ,115 35,121 67,888 Tax expenses (Net) a) cu rrent tax 1,124 1,951 41 3,725 3,260 4,061 b) Deferred tax 1,427 6,845 128 8,236 3,100 7,211 c) Income tax related to earlier yearS (3) 26 26 Total tax expenses 2,551 8,796 166 11,961 6 ,3 86 11,298 Net Profit for the period/year ( 7-8 ) 18,708 47,853 250 68,154 28,735 56,590 Other Compr-ehensive Income ('OCI') a} rtems that will not be reclassified to Profit or Loss (15) (15) 33 (45) 100 (59) b) Income tax relating to Items th at will not be reclasslfled to profit 4 3 (9) 11 (29) 13 or loss Ot her Comorehensiv e Income 111\ 112, 24 134\ 71 /461 Total Compreh ensive Income (9 + 10) 18,697 47 ,841 274 68,120 28,806 56,544 Paid-up eciulty share capita! (Face value per share Rs. 2 /·) 1,214 1,210 1,201 1, 214 1, 201 1,205 Other equity excludlng revaluation reserve 2,17,072 Earnings per share ( EPS) (Nom inal valu e of Rs. 2/- each) (not annualised) (a) Basic (Rs.) 30.96 79.32 0.42 112.80 48.00 94.44 (b) Diluted (Rs.) 30.71 78.76 0.41 111.87 47,36 93.01 These standa lone financial results of Dixon Technologies (India) Limited ("Company") have been prepared in accordance with India n Accounting Standards (Ind -AS) as prescribed under section 133 of Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standard s) Rules, 2015 and relevant amendment ther eafter and SEBI circulars Issued thereunder, The above standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors In their meeting held on 29 January 2026. The statutory audito rs have expressed an unmodified review conclusion on these results. During the period ended Jl December 2025, Llghtanlum Technologies Private LJmlted and Dixon Electrocorp Private Limit ed were Incorporated, as joint venture and wholly owned subsidiary of Dixon Technologles (lndla) limited respectively. On 8 July 2024, the Company entered Into Share Subscription and Purchase Agreement ("SSPA") with Aditya Infotech Limited ("Aditya") for sale of 9,500 1000 fully paid up equity shares of AIL Dixon Technologies Private Limited ('All Dixon') representing 50% of AIL Dixon equity share capttal, the joint ventu re 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 capita l on a fully diluted basis on that date. Based on registered valuer, the fair value gain of Rs. 23,913 fakhs has been recognised for the nine months ended 31 December 2024 and shown as exceptiona l Item. For the year ended 31 March 2025, the cumulative recognised fair value gain Is Rs. 48,950 lakhs, which has been disclosed as an exceptional Item In the previous year. The Chief Operat ing Decision Maker ('CODM') comprises of the Board of Directors, Vice Chairman cum Managing Director and Chief Flnanclal Officer which examines the Company's performance on the basis or sing le operatin g segment Electronics Goods; accordingly segment dlsclosure Is not required, The Company has tl"ansfer'red Its llghtlng business undertaking Including the shares of Its Subsidiary, Drxon Technologies Solutlons Private Limited to Llghtanium Technologies Private Limited for a total consideration of R.s. 14,030 lakhs (Rs, 11,530 laktls and Rs, 2,500 lakhs, respectlve ly based on registered valuer) effective from 01 August 2025. This transaction wos executed as part of the join t venture arrange ment, resulting In the Company recognising a gain on sale of the undert aking and subsidiary shares amounting to Rs. 2,188 lakhs and Rs. 21499 lakhs respectively. Signify Innovations I ndia Limited transferred Its LEO lighting manufacturing operations at Vadodara, Gujarat, to Ughtan lum Technologies Private Limited as a going concern through a slump sale for a cash consideration of Rs. 141 030 lakhs. Followlng the completion of these transactions, both the Company and Signify Inno vations India limited each hold 50% of the post-Issue share capital of Ughtanlum Technologles Private Limited. The financia l figures for the quarter and nine months ended 31 December 2025 are not comparab le1wlth those of the corresponding periods of the previous year and the previous quarter of the cur rent year due to the transfer of the lighting business to a Joint venture company with effect from 01 August 2025, The Company has acquired equity stake In Kunshan Q Tech Mtcroelectron lcs (India) Private Limited ("Q Tech India") pursuant to the Share Subscription and Pu rchase Agreement dated 17 Septernber 2025, executed between the Company, Q Tech 11,dla, Q Technology (Singapore} Private Limited, and Kunshan Q Technology lnte rnatl onal Limited. On 26 September 2025, The Company has completed the acQulsltton of 51 % of the paid-up share capital of Q Tech Ind ia on a fully diluted basis, In accordance with the terms of the agreement; the Company acquired 1,61,50,943 equity shares or Rs. 10 each of Q Tech India from existi ng shareholders for an aggregate cash considerat ion of Rs, 42,80 0 lakhs and subscribe d 47,16,981 equity shares of Rs. 10 each or Q Tech Indi a for a cash consideration of Rs. 12,500 lakhs.
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DIXON TECHNOLOGIES (INDIA) LIMITED REGI STERED OFFICE 814 & I 5,PHASE II, NOIDA UTTAR PRADESH-2013 05 CIN: L32101UP1993PLC066581, Website : www.dlxonln fo.com STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2025 The Government of India has consolidated 29 existing labour leglslat lons Into a united framework compris ing four Labour Cade viz Code on Wages 2019, Code on Social Security 2020, Indu strial Relation Code 2020, and Occupational Safety, Healtli and Working Condlti.on Code 2020 (collectlvely referred to as the "New Labour Codes"). These New Labour Codes have been made effective from 21 November 2025. The corresponding all support ing rules under these New Labour Codes are yet to be notified. The Company Is In the process of evaluatin g the full Impact of these New labour Codes announced . The Company has estimated and accounted for Incremental liability for own employees which Is not materia l to the standalone financia l results and is In the process of evaluati ng other possible Impacts, including for act workforce . However, management Is of the view that rmpact, If any, Is unllke ly to be material. 9 During the quarter ended 31 December 2025, the Company and lnventec Corporation ("lnventec") have made an Investment of Rs. 2,0 1 lakhs a Rs. 1,368 lakhs1 respective ly In the Dixon IT De1,1lces Prl1,1ate Limited ("Subsidiary Company"), Pursuant to the said Investm ents, The Company and Invente c have acqu ed a tota l r 2,os,10,000 equity shares and Place : Date : 1,36,80,000 equity shares or lNR 10/~ each respectl1,1ely, or the Subsidiary Company. As a result 1 the Company now holds 60¾ and Inv entec hOlds 40% of the total issued and p&!d up share capita l of the Svbsldlary Compan on a fully New Delhi 29 January 2026 tul B, Lall Vice Cha irm.nn ll Managing Director Director Identificat ion Number : 00781436
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S N Dhawan & CO LLP Chartered Accountants Review Report on Unaudited Consolidated Financial Results 51-52, Sector 18, Phase-IV, Udyog Vihar, Gurugram, Haryana 122015, India Tel +91 124 481 4444 To the Board of Directors of DIXON TECHNOLOGIES (INDIA) LIMITED 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of DIXON TECHNOLOGIES (INDIA) LIMITED ("the Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group"), and its share of the net profit after tax and total comprehensive income of its joint ventures for the quarter ended 31 December 2025 and the year to date results for the period from 01 April 2025 to 31 December 2025 ("the Statement"), being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India ("the SEBI") (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations'). 2. This Statement, which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 'Interim Financial Reporting' ("Ind AS 34") prescribed under Section 133 of the Companies Act, 2013 ("the Act"), other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the entities listed in Annexure 1. 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Ind AS and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. S N Dhawan & CO LLP is registered with limited liability with identification number AAH-1125 and its registered office is 108. Mercantile House. 15, Kasturba Gandhi Marg, New Delhi 110001, India
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6. We did not review the interim financial results of two subsidiaries included in the Statement, whose interim financial results reflect total revenues of Rs. 1, 10,566 lakhs and Rs. 5,77, 170 lakhs, total net profit after tax of Rs. 2,588 lakhs and Rs. 18,336 lakhs and total comprehensive income of Rs. 2,649 lakhs and Rs. 18,345 lakhs, for the quarter ended 31 December 2025 and for the period from 01 April 2025 to 31 December 2025, respectively. These interim financial results have been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement is not modified in respect of this matter. For S N Dhawan & CO LLP Chartered Accountants Firm Registration No.: 000050N/N500045 ex ---=-- Sushil Phogat Partner Membership No.: 510157 UDIN: 26510157MJJNSG7595 Place: New Delhi Date: 29 January 2026
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Annexure 1 The Consolidated annual financial results of Dixon Technologies (India) Limited ('the Holding Company") include the financial results of its subsidiaries and joint ventures as listed below: Name of the company Percentage of ownership interest Subsidiaries Padget Electronics Private Limited 100% Dixon Electro Appliances Private Limited 51% Dixon Electro Manufacturing Private Limited 100% Califonix Tech and Manufacturing Private Limited 50% Dixon Electroconnect Private Limited 100% Dixon IT Devices Private Limited 60% Dixon Teletech Private Limited 100% Dixon Display Technologies Private Limited 100% (Formerly known as Dixon lnfotech Private Limited) Dixtel lnfocom Private Limited 100% Dixon Electrocorp Private Limited ("Dixon Electrocorp") 100% (incorporated on 29 Auqust 2025) Dixon Technologies Solutions Private Limited 100% (upto 31 July 2025) Kunshan Q Tech Microelectronics (India) Private Limited 51% (from 26 September 2025) lsmartu India Private Limited 50.1% Dixon Global Private Limited 100% Joint Ventures Rexxam Dixon Electronics Private Limited 40% Lightanium Technologies Private Limited (incorporated on 26 June 2025) 50% Dixon Technologies Solutions Private Limited (from 01 August 2025 as wholly owned subsidiary of Lightanium Technologies 50% Private Limited)
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S. No. l 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 DIXON TECHNOLOGIES fINDIA) LIMITED REGISTERED OFFICE 614 & 15,PHASE II, NOIDA UTTAR PRADESH-201305 CIN: L32101UP1993 PLC066581, Website: www.dixo nlnfo.com STATEMENT OF CONSOLIOATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2025 (Rupees in Lakh s unless otherwi se stated) Particulars Revenue from operations Other Income Total income (1+2) Expenses a) Cost of materia ls consumed b) Changes in Inventories of finished goods, work-in - progress and stock-in -trade c) Employee benefi t s expense d) Finance costs e) Depreciation and amort isatio n expense f) Other expe nses Tot al expen ses Profit befor e shar e of prof it of Joint Ventu res and tax (3-4 ) Share of profit of Joint Ventu res Profit before except ional item and tax (5+ 6) Exceptional items ( refer note 4) Profit befo re ta x (7+8) Tax expen ses ( Net) a) Current tax b) Deferred tax c) Income tax related to earlier years Tota l tax expenses Net Profi t for th e period/y ea r (9·10) Other Comprehens ive Income ('OCI') a) ltems that will not be reclassified to Profit or Loss b) I ncome tax relating to items that will not be reclassifie d to profit or loss Oth er Compr ehensiv e I ncom e Total comprehensive income (11 + 12) Profit for the year attr ibutabl e to a) Owners of the Company b) Non-controll ing Interests Oth er com prehensive incom e attributabl e to a) Owners of the Company b) Non-controlli ng interests Total comp rehen sive incom e attr ibutabl e to a) Owners of the Company b) Non-controlling Interests Paid-up equity share capita l (Face val ue per share Rs.2/-) Other equity exclud ing reva luation reserve Earnings per share (EPS) (Nom inal val ue of Rs. 2/· each) (not annualis ed) (a) Basic (Rs.) (b) Dilu ted (Rs,) ., -- ~-. ~ GRAM )~l) / (~?· " Quarte r end ed 31-Dec-25 30-Sep - 25 Unaud ited Unaud ited 10,67 ,159 14,85,504 13,132 49,574 10,80,291 15,35,078 9,64,352 13,50,406 24,225 29,729 17,107 19,691 4,287 3,835 9,903 9,628 20,030 29,545 10,39,904 14,42 ,834 40,387 9 2, 244 782 115 41,169 92, 359 - 41, 169 92, 35 9 7,108 10,829 1,877 6,960 128 - 9,113 17, 789 32,056 74,570 (34) (3) 13 - (21) (3) 32,03 5 74,567 28,726 67,000 3,330 7,570 32,056 74,570 (22) (11) 1 8 (21) (3) 28,704 66,989 3,331 7,578 32,035 74,567 1,214 1,210 53.06 123.60 52.62 122. 73 Nine months ended Year Ended 31-D ec- 24 31-Dec-25 31-Dec-24 31-M ar-25 Unaudited Unaudited Unaudited Aud ited 10,45,368 38,36, 229 28,56,756 38,86,010 650 62,874 895 2,023 10,46,018 38,99,103 28,57,651 38,88,033 9,58,098 35,43,540 26,70,031 36,09 ,98 1 9,9 13 12,672 (34 ,279) (26,699) 15,577 53,716 42,410 56,742 4,087 11,38 1 10,809 15,435 7,460 28,801 19,511 28,102 22,728 80,486 72, 115 95,228 10,17,863 37,30,596 27,80,597 37,78,789 28, 155 1,68 ,507 77,05 4 1,09,2 4 4 358 1,573 1,362 1,738 28,513 1,70,080 78,416 1,10,982 - 20,96 1 45,998 28,513 1,70,080 99,377 1,56,980 6,774 26,400 19,094 25,305 284 8,924 3,656 8,4 78 (168) 128 (136) (61) 6,890 35,452 22,61 4 3 3,72 2 21,623 1,34 ,628 76,763 1,23,258 55 (3 1) 194 42 (14) 12 (52) (10) 41 (191 14 2 32 21,66 4 1,34,609 76,905 1,23,290 17,119 1,18,223 69,472 1,09,554 4,504 16,405 7,291 13,704 21, 623 1,34,628 76,763 1,23, 258 32 (36) 106 (22) 9 17 36 54 4 1 (19) 14 2 32 17,151 1,18, 187 69,578 1,09,532 4,513 16,422 7,327 13,758 21,664 1,34,609 76,905 1,23,290 1,20 1 1, 214 1,20 1 1,205 2,99,815 36. 12 222.83 128.24 205.70 35.64 220.98 126.51 202.58
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Notes: DIXON TECHNOLOGIES [INDIA) LIMITED REGISTERED OFFICE 614 & 15, PHASE II, NOIDA UTTAR PRADESH-201305 CIN: L32101UP1993PLC066581, Website; www.dlxonlnfo.com STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2025 These consolidated financial results of Dixon Technologies (India) Limited ("Holding Company") have been prepared In accordance with In dian Accounting Standards (Ind-AS) as prescribed under section i33 of Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment thereafte r and SEBI circulars issued thereunder. 2 The above consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Director s In their meeting held on 29 January 2026. The statutory auditors have expressed an unmodified review conclusion on these results. 3 During th e period ended 31 December 2025 , Llghtanium Technologies Private Limited and Dixon Electrocorp Private Limited were Incorporated, as joint venture and wholly owned subsidiary of Dixon Technologies (India) Limited respectively. 4 On 8 July 2024, the Holding Company entered into Share Subscription and Purchase Agreement ('SSP A") with Aditya [nfotech 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 ventu re 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 dilut ed b;;,:,is on that date. Based on registered valuer, the fair value gain of Rs. 20,961 lakhs on these Investments has been recognised for the nine months ended 31 December 2024 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') comprises 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 operati ng segment Electronics Goods; according ly segment disclosure is not required. 6 The Holding Company has transferred its lighting business undertaking including the shares of Its Subsidiary, Dixon Technologies Soluti ons Private Limited to Lightanium Technolog ies 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 Innova tions 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 consideratio n of Rs, 14,030 lakhs. Following the completion of these transactions , both the Holding Company and Signify Innovat ions Ind ia Limited each hold 50% of the post-Issue share capital of Llghtanlum Technologies Private Limited. The financial figures for the quarte r and nine months ended 31 December 2025 are not comparable with those of the corresponding periods of the previous year and the previou s quarter of the current year due to the transfer of the light ing busi ness to a Joint Venture company with effect from 01 August 2025, 7 The Company has acquired equity stake In Kunshan Q Tech Microelectronic s (India} Private Limited ("Q Tech India") pursuant to the Share Subscription and Purchase Agreement dated 17 Septembe r 2025, executed between the Holding Company, Q Tech Indi a, Q Technology (Singapore) Private Limited, and Kunshan Q Technology [nternational Limited. On 26 September 2025, The Holding Company has completed the acquisition of 51 % of the paid-up share capital of Q Tech I ndia 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 existi ng 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. The corresponding all supporting rules under these New Labour Codes are yet to be not ified. The Group is in the process of evaluat ing the full Impact of these New Labour Codes announced. The Group has estimated and accounted for incremental liability for own employees which is not material to the consolidated financial results and i.s in the process of evaluating other possible impacts Including for contract workforce. However, management is of the view that impact, If any, is unlikely to be material. 9 During the quarter ended 31 December 2025, the Holding Company and Jnventec Corporation ("Inventec") have made an investment of Rs. 2,05 1 lakhs and Rs . 1,368 lakhs , respectively in th e Dixon IT Devices Private Limited ("Subsidiary Company"), Pursuant to the said investments , The Holding Company and lnventec have acquired a total of 2,05,10,000 equity shares and 1,36,80,000 equity shares of - each respectively, of the Subsidiary Company. As a result, the Holding Company now holds 60% and Inve ntec holds 40% of the total Issued and paid up s fully dilut ed basis. Place : New Delhi Date : 29 January 2026 Vice Chairman & Managing Director Director Ident ification Number : 00761436