Announcement under Regulation 30 of SEBI LODR- Transcript of the Q2 FY 27 Earnings Conference Call held on 30th October, 2026

Dixon Technologies (India) Limited 5th November, 2026 To To Secretary Secretary Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, Bandra Kurla Complex Phiroze Jeejeebhoy Towers, Mumbai – 400 051 Dalal Street, Mumbai – 400 001 Scrip Code – 540699 Scrip Code - DIXON ISIN: INE935N01020 ISIN: INE935N01020 Dear Sir/Madam, Sub: Transcript of the Q2 FY 27 Earnings Conference Call held on 30th October, 2026 Pursuant to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III thereto, please find enclosed herewith the transcript of the Q2 FY 27 Earnings Conference Call of the Company held on Friday, 30th October, 2026. The said transcript has also been uploaded by the Company on its website and the same is available at https://dixoninfo.com/financial-performance under the head - Earnings Call Transcripts (2026-27- Quarter Q2). We request you to kindly take this on your record and oblige. Thanking You, For DIXON TECHNOLOGIES (INDIA) LIMITED Ashish Kumar President- Chief Legal Counsel & Group Company Secretary Encl: As above Regd. Office: B-14 & 15, Phase-II, Noida-201305, (U.P.) India, Ph.:0120-4737200 E-mail: info@dixoninfo.com • Website: https://dixoninfo.com/ • Fax: 0120-4737263 CIN: L32101UP1993PLC066581 “Dixon Technologies (India) Limited Q2 FY '27 Earnings Conference Call” October 30, 2026 MANAGEMENT: MR. ATUL LALL – MANAGING DIRECTOR AND VICE CHAIRMAN – DIXON TECHNOLOGIES (INDIA) LIMITED MR. SAURABH GUPTA – DIRECTOR AND GROUP CHIEF FINANCIAL OFFICER – DIXON TECHNOLOGIES (INDIA) LIMITED MODERATOR: MR. TANAY SHAH – DAM CAPITAL ADVISORS LIMITED Page 1 of 23 Dixon Technologies (India) Limited October 30, 2026 Moderator: Good day and welcome to the Dixon Technologies Q2 FY '27 Earnings Conference Call, hosted by DAM Capital Advisors. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this call is being recorded. I now hand the conference over to Mr. Tanay Shah from DAM Capital Advisors. Thank you, and over to you. Tanay Shah: Thank you. Good evening, everyone, and welcome to Dixon's Q2 FY '27 Earnings Call. Today, we have with us the management being represented by Mr. Atul Lall, Vice Chairman and Managing Director, and Mr. Saurabh Gupta, Director and Group CFO. At this point, I will hand over the floor to Atul sir for his opening remarks, post which we will open up the floor for Q&A. Thank you, and over to you, sir. Atul Lall: Thanks, Tanay. Thank you so much. Good evening, everyone. This is Atul Lall, and joining me today is our Director and Group CFO, Saurabh Gupta. Saurabh Gupta: Good evening, everybody. Atul Lall: I would like to warmly welcome all our stakeholders to discuss our Q2 performance for Financial Year '26-'27. Key highlights for the quarter are as below: Revenues for the quarter ended September 30, 2026 was INR 21,806 crores. EBITDA excluding fair value gain on the stake held by Dixon in Aditya Infotech Limited for the quarter was INR 609 crores. PAT after minority interest and excluding fair value gain on the stake held by Dixon and Aditya Infotech Limited for the quarter was INR 293 crores. Margins during the quarter were impacted on expiration of mobile PLI 1 scheme along with elevated global memory prices due to rapid expansion of AI infrastructure. The pass-through of higher input cost through corresponding increasing in selling prices resulted in a lower reported margin percentage, particularly in mobile and IT hardware business, despite the recovery of increased cost through pricing adjustments. Our mobile business has remained resilient, sustaining volumes at broadly stable year-on-year levels, despite the challenging operating environment. Exports volumes for our anchor customer is expected to ramp up meaningfully from Q4, with further growth anticipated along with exports of feature phones and smartphones, exports of Transsion Group's brands from the next fiscal. Page 2 of 23 Dixon Technologies (India) Limited October 30, 2026 Profitability in washing machine and refrigerator was temporarily affected by fluctuations in polymer prices, rising freight costs and transit time, unfavorable foreign exchange movement, and higher cost of other key inputs. These pressures are expected to ease as cost pass-through initiatives gain traction and operational efficiencies progressively strengthen. During the quarter, we also undertook calibrated pricing actions in response to the sharp rise in input cost. However, with the continued increase in prices, there is always a lag in passing off the same. Near-term external headwinds do not alter our medium to long-term growth story, and we continue to see strong opportunities for increasing localization, deepening of manufacturing, new customer additions, and India's growing position in the global electronics manufacturing ecosystem. Our strategic foray into display modules, camera modules, mechanicals, and other critical components represent a significant step in Dixon's evolution from a scaled electronics manufacturing services player to more deeply integrated electronics manufacturing ecosystem. By building capabilities across critical components, we aim to enhance domestic value addition, strengthen supply chain resilience, improve cost competitiveness, and deepen customer engagement, and progressively unlock opportunities for margin expansion, thereby strengthening Dixon's comparative moat of sustainable growth. Beyond our established business in component integration initiatives, we are actively evaluating opportunities to build a high-end specialized EMS business with focus on higher margin, low volume product categories with the strong economics and superior margins. One of the strategic areas which is being actively pursued is manufacturing of silicon photonics optical transceivers and advanced packaging capabilities to capture rapidly growing AI infrastructure, hyperscale data centers, telecom centers, and high-speeding computing technologies that can transmit increasingly large volumes of data with greater bandwidth. As India builds its advanced technology manufacturing ecosystem, Dixon aims to be among the first of the Indian companies to establish capabilities in these segments through strategic acquisitions or partnerships. The initiative would accelerate moving up the technology value chain, expand our presence in high manufacturing, and position us to capture emerging opportunities in next-generation electronics. And this is also aligned with the government policy framework of ISM 2. Now I will share with you the business performance and insights in each of the segments. Mobile and other EMS businesses: Revenue for the quarter was Rs. 20,093 crores with an operating profit of Rs. 509 crores. Our mobile manufacturing business continues to be a key pillar of Dixon's growth strategy, and we Page 3 of 23 Dixon Technologies (India) Limited October 30, 2026 remain focused on scaling volumes, strengthening operational efficiencies, and deepening our relationship with leading global and Indian customers. Despite a challenging industry environment, with India's smartphone market declining by 26% year-on-year in Q2 FY '26-'27 according to industry reports, Dixon has demonstrated resilience by sustaining its smartphone manufacturing volume at broadly stable year-on-year levels. This reflects the strength of our customer relationships, execution capabilities, and ability to navigate a volatile demand environment. Exports are poised to become an important incremental growth driver for our mobile business. 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