India’s electronics manufacturing industry is in hyper-growth mode.

Valued at US$ 155 billion in 2024, the sector is projected to more than triple to US$ 500 billion by 2030, growing at a staggering pace of 21.5% annually, according to Niti Aayog.

Right at the heart of this transformation is Dixon Technologies — one of the key players riding this wave of growth.

From humble beginnings as a colour TV maker, Dixon has evolved into a diversified electronics powerhouse, producing everything from mobile phones to consumer durables — and now even eyeing the next big frontier: display manufacturing.

What’s driving this momentum?

• Rising demand from India’s growing middle class
• A massive domestic production push under government initiatives
• And the global China+1 shift, opening new doors for Indian manufacturers

With strong tailwinds and ambitious expansion plans, Dixon is positioning itself as a leader in India’s electronics revolution.

Today, Dixon announced yet another acquisition and a joint venture, further strengthening its position in the industry. Investors cheered this move and the stock price gained 4% reacting to the same.

Dixon Technologies – 1 Year Share Price

Let’s understand the key details of the acquisition and the joint venture before we look at the growth prospects.

Why Dixon Technologies Share Price is Rising

Dixon Technologies share price surged as much as 4% to ₹16,537 in intraday trade today after the company announced that it has signed a binding term sheet to acquire a 51% stake in Kunshan Q Tech Microelectronics (India) Private Limited (Q Tech India).

According to the exchange filing, the acquisition will be carried out through a mix of primary and secondary investments.

The deal is intended to strengthen co-operation in the production, marketing, and distribution of camera and fingerprint modules, with applications spanning mobile phones, IoT devices, and the automotive industry.

Q Tech India operates as a subsidiary of Q Technology (Singapore) and Kunshan Q Technology International, both of which belong to the Q Tech Group.

Q-Tech India clocked about ₹2,400 crore in FY24 revenue. According to Nomura, based on an average realisation of about ₹400 per camera module, this suggests volumes of approximately 50 million units-implying a nearly 10% market share. Nomura expects Dixon’s backing could help Q-Tech India scale to 50–60 million phones over the next few years.

With this acquisition, Dixon has entered into the camera and fingerprint module segment, with applications across mobile handsets, IoT devices, and the automotive sector.

JV With Chinese Company

Along with this acquisition, in a parallel development, Dixon also announced a 74% joint venture with Chongqing Yuhai Precision Manufacturing. 

The JV will focus on manufacturing precision mechanical and metal components for laptops, mobile phones, IoT products, and automotive applications — marking Dixon’s foray into the precision components segment.

Mutual Fund Buying Adds Further Momentum

The acquisition and JV have no doubt fuelled a positive sentiment around the stock. But the stock is also rising as mutual funds are lapping up shares.

According to reports, domestic mutual funds added Rs 4,500 crore worth Dixon Tech shares in the month of June 2025.

Dixon Tech Shareholding Breakup – March 2025

Source: BSE, Trendlyne

What Next?

Dixon Technologies has been on a roll since its IPO seven years ago.

Backed by solid execution and smart expansion, the company has consistently delivered strong financial performance year after year.

Its growth story is closely tied to India’s manufacturing revolution — fueled by the ‘Make in India’ push and rising demand for locally made electronics.

And the numbers speak for themselves.

Dixon Financial Snapshot

Particulars (Rs Cr.)	FY21	FY22	FY23	FY24	FY25
Revenue	6,448	10,697	12,192	17,691	38,860
Operating Profit	292	384	519	705	1,508
Margins (%)	5%	4%	4%	4%	4%
Net Profit	160	190	255	375	1,233

Source: Screener, Company Reports

That’s the power of entering new product categories at the right time — and executing with focus.

With a strong order book from brands like Voltas, Beko, Lloyd, and BPL, the company is ramping up its refrigerator capacity — and has begun exports to Nepal, with plans to enter Sri Lanka and the UAE soon.

It’s also eyeing export growth in smart TVs, including Amazon Fire TV and LG webOS, with momentum expected to pick up from Q1FY26.

Dixon is doubling down on home appliances and lighting, expanding into categories like robotic vacuum cleaners, water purifiers, chimneys, and automatic washing machines for clients like Panasonic, Godrej, and Reliance.

In IT hardware, Dixon is partnering with top global brands like Asus, HP, and Lenovo and building a new laptop facility (1.5 million units), expected to go live by Q4FY25.

And it’s not stopping there.

The company will soon kick off display manufacturing with HKC, while expanding into precision components, camera modules, and battery packs — all high-margin segments.

With these bold moves, Dixon is eyeing a spot among the world’s top 10 EMS (Electronics Manufacturing Services) companies within 5 years.

So yeah, the future looks exciting for Dixon. It remains to be seen whether the company lives up to the hype and delivers a consistent all-round performance.

Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & the certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.

Introduction

Understanding Tax Benefits on a Second Home Loan

Extending your real estate portfolio with a second house property is a great way to inflation-proof your investment. However, owning a second property brings additional financial commitments, and you may need to consider a home loan. In such cases, the Indian tax regime offers some relief through tax deductions. 

If you’ve taken a loan for your second house, you can claim income tax benefit on the 2nd home loan, both on the interest paid and on principal repayment. 

But how exactly? Read on to find out…

How Second Home Loans Are Treated Under Income Tax Act

As per the Income Tax Act, when you buy a second home using a loan, it is classified as either self-occupied, rented, or vacant. Each of these scenarios affects the two home loan income tax benefits you can claim. For example, rented properties are taxed under “income from house property” with some adjustments allowed, while vacant second homes may attract notional rent tax. 

Let’s break down the tax treatment in each case.

Tax Benefits on Interest Payment for Second Home Loan

Section 24(b) – Deduction on Interest Paid

Interest paid on your second home loan can be claimed as a deduction under Section 24(b) of the Income Tax Act. The income tax benefit on the 2nd home loan under this section depends on whether your property is rented or self-occupied.

If your second home is rented, there is no upper limit; you can claim the entire interest paid during the financial year. If it is self-occupied or vacant, the deduction is capped at ₹2 lakh for all properties combined.

Under the old tax regime, this benefit is available as per Section 24(b). However, if you opt for the new regime, you will not be able to claim this deduction for a self-occupied second home. The benefit continues if the second home is let out.

Limit of Deduction on Interest

For example, say you already pay ₹90,000 per year in interest on your first home loan. If you take a second home loan with ₹1.5 lakh interest paid annually, you can claim a total deduction of ₹2 lakh under the old regime (₹90,000 + ₹1,10,000). Any excess cannot be claimed for self-occupied homes.

For rented second homes, if your second loan’s interest is ₹2.5 lakh per year, you can claim the full ₹2.5 lakh, no cap applies here, whether under old or new regime (only if let-out).

Conditions to Avail Full Deduction

To claim the income tax benefit second home loan under Section 24(b), ensure that:

• The loan is for construction or purchase, not for repairs.
• The construction is completed within 5 years of taking the loan (for self-occupied).
• Proper interest certificates from lenders are kept ready.
• Rental income, if applicable, is declared in your tax filing.

Tax Benefits on Principal Repayment for Second Home Loan

Section 80C – Deduction on Principal Payment

The principal portion of your second home loan EMI is eligible for deduction under Section 80C of the Income Tax Act. You can claim up to ₹1.5 lakh annually under this section. This two home loan income tax benefit on principal is subject to the overall ₹1.5 lakh cap for all Section 80C investments like ELSS, PPF, or life insurance.

This benefit is only available under the old tax regime, not under the new one, whether your second home is self-occupied or rented.

Eligibility for Principal Repayment Deduction

You must ensure:

• The property is registered in your name.
• The loan is taken from a recognised bank or financial institution.
• The property is not sold within 5 years of taking possession—if sold earlier, prior benefits will be reversed.

It is worth noting that the income tax benefit on 2nd home loan principal repayment applies even if the house is vacant or let out, as long as you are in the old regime.

Lock-in Period for Claiming Principal Deduction

Once possession is received, you can claim the principal repayment deduction. However, if you sell the property within 5 years from the financial year of possession, the benefits claimed earlier will be added back to your taxable income in the year of sale.

If you’ve also paid stamp duty and registration fees, you can claim them under Section 80C, within the ₹1.5 lakh cap, in the year they are incurred.

How to Claim Tax Benefits on Second Home Loan

Documents Required for Claiming Tax Deductions

To claim deductions for both interest and principal repayment, you will need:

• Interest certificate from your lender
• Loan statement with EMI breakup
• Completion certificate or possession letter

Filing the Deductions in Income Tax Return

If you could not submit documents to your employer, you can still claim two home loan income tax benefits while filing your Income Tax Return. Use the correct ITR form based on your income sources, including tax on mutual funds, salary, rental income, or capital gains.

Report the home loan interest under “Income from House Property” in the ITR form. Ensure you also claim principal repayment under “Deductions under Chapter VI-A,” Section 80C, if applicable. Plus, if excess TDS was deducted by your employer, you can claim the refund when filing your ITR. 

While filing, it’s also helpful to understand overall tax treatment across your investments, whether related to tax on mutual funds or your home loans, so that there is no mismatch in your tax records.

Important Points to Note

Tax Implications if Second Home is Rented

If the second home is rented, the entire rental income is taxable after deducting property taxes paid and 30% standard deduction on maintenance.

Deemed Rent Concept for Vacant Second Home

If your second home is vacant, the tax department may apply the concept of deemed rent, meaning you need to declare notional rental income based on market rates, which could increase your taxable income.

Impact on Overall Taxable Income

Whether your second home is rented or vacant, it impacts your taxable income. If rental income is high, it may increase your taxable income. On the other hand, interest deductions and other expenses can help lower your tax liability. This is why understanding the right deductions and using exemptions vs deductions wisely is important when planning taxes for multiple properties.

Recent Updates on Tax Benefits for Second Home Loan

Changes Introduced by Union Budget

Recent announcements in Union Budgets have not expanded deductions specifically for second homes. However, with growing emphasis on affordable housing, future benefits may evolve.

Impact of New Tax Regime on Second Home Loan Deductions

Under the new tax regime, deductions under Section 80C and Section 24(b) on second home loans are not allowed. If you wish to claim an income tax benefit on a 2nd home loan, you should opt for the old tax regime. It is also useful to review how TDS in India applies to different sources of income, including rental income, when planning your overall tax strategy.

Conclusion

Maximizing Tax Savings Through Proper Planning of Second Home Loan

With good planning, you can optimise your tax benefits on a second home loan. Keep your documents organised, choose the right tax regime, and declare income accurately. Using stock advisory services or consulting a tax professional can also help align your second home investments with your broader financial goals.

FAQs

1. Can I claim tax benefits on both homes if I have two loans?

Yes, two home loan income tax benefits are allowed, provided you declare the income and meet eligibility conditions under Section 24(b) and Section 80C.

2. What if the second home is self-occupied?

If self-occupied, the interest deduction is limited to ₹2 lakh annually.

3. Can I claim full interest deduction if the second home is vacant?

No, the concept of deemed rent applies to a vacant second home, and deductions are limited.

4. Does the new tax regime impact second home loan deductions?

Yes, second home deductions are not allowed under the new tax regime. You must choose the old tax regime if you want to claim them.

*Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as recommendation or investment advice by Research & Ranking. We will not be liable for any losses that may occur. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.

Indian share markets broke their 4-day losing streak as they opened higher on July 15, 2025 following better than expected inflation data. 

Many stocks also followed the positive trend, but amidst a few that stood out was RailTel Corporation. The stock price rose by 4%, propelled by the string of new orders in July 2025. 

Let’s take a detailed look at RailTel, its recent order wins and growth trajectory.

Overview of RailTel Corporation

RailTel Corporation of India, a Navratna CPSE under the Ministry of Railways, is among the country’s largest neutral telecom infrastructure providers. The company was established in 2000 with an aim to modernize Indian Railways’ telecom systems and build a pan-India optic fiber network that could generate additional revenue by serving both government and commercial clients.

As of FY25, RailTel owns over 61,000 route kilometers of optic fiber cable (OFC) and has network coverage across 6,100+ railway stations, reaching deep into both urban and rural regions with over 21,000 km of citywide access. 

Its broadband arm, RailWire, is the 13th largest broadband provider in India and ranks 4th in rural subscriber count, serving a critical role in digital inclusion.

RailTel’s business spans two major verticals:

• Project Services, which now accounts for nearly 60% of revenue (Q1 FY25), includes railway signaling, smart city, ICT infrastructure, and digital connectivity projects.
• Telecom Services, comprising leased lines, tower colocation, dark fiber, data centers, and VPN services.

The company has delivered national projects like BharatNet and the National Knowledge Network, and continues to partner with entities like the Ministry of Railways, ONGC, SBI, SECL, and even global players like Google and Amazon.

With increasing demand for ICT infrastructure and consistent support from Indian Railways, RailTel’s growing project pipeline and order inflows are central to its expansion strategy.

Orderbook of RailTel Corporation

1. July 2025 Orderbook Updates:

Client	Order Value (₹ Crore)	Project Scope	Execution Timeline	Announcement Date
East Central Railway	264.07	Kavach (TCAS) implementation on 607 RKm	By July 14, 2027	July 14, 2025
GAD, Chhattisgarh	17.47	Integrated communication infrastructure (WLAN, LAN, EPABX, O&M)	By January 14, 2031	July 9, 2025
Indian Overseas Bank	10.27	Point-to-Point (P-to-P) services	By August 7, 2025	July 12, 2025
Central Warehousing Corp.	96.99 (LOI)	Work order (details not specified)	By July 2030	July 8, 2025
Cuttack Development Authority	15.84	Work order (details not specified)	Not specified	July 1, 2025

July 2025 stood out for RailTel’s volume, project spread, and long-term revenue potential. 

The recent ₹264.07 crore Kavach contract from East Central Railway marked a substantial addition, both in terms of project value and technological relevance, covering over 600 RKm with implementation scheduled through mid-2027. 

Alongside this, the ₹96.99 crore (LOI) from the Central Warehousing Corporation and the ₹17.47 crore contract from the Chhattisgarh General Administration Department (with O&M stretching to 2031) reinforced RailTel’s growing presence in infrastructure-heavy, long-tenure projects. 

The remaining orders from Indian Overseas Bank and the Cuttack Development Authority, though smaller in ticket size, add to RailTel’s revenue pipeline for FY25 and reinforce its presence in institutional ICT.

What distinguishes July’s wins is not only the size (₹404+ crore cumulatively, including LOI-based values) but also the balance between time-bound execution and multi-year contracts. This mix is likely to strengthen revenue stability and cash flow visibility.

(Source: Company Website)

2. FY25 Order Book Activity

Beyond July 2025, RailTel’s order inflow has remained consistent across Q1 FY26:

• Over ₹3,100 crore worth of orders were secured between April and June 2025 from sectors including education, traffic management, and police surveillance.
• Orders such as ₹274.40 crore from Maharashtra MVD (traffic management) and ₹243.11 crore from Bihar’s education department are indicative of growing state-level digital infrastructure demand.
• As of May 2025, 70.28% of RailTel’s ₹6,616 crore order book came from non-railway projects, highlighting diversification.
• Competitive tenders accounted for ~61–62% of the total orders, with the rest from nominations.

This trend of consistent order inflow, particularly from long-tenure and high-complexity projects, supports RailTel’s FY25 growth target of 25–30% and signals continued expansion in its role as a digital solutions partner for government and PSU clients.

(Source: Company Website)

How Did The New Order Win Affect The Share Price?

On July 15, 2025, RailTel’s share price moved up by nearly 4% intraday, reaching ₹425.50 following the announcement of a ₹264.07 crore order from East Central Railway for the Kavach system.

(Source: Money Control)

Other Factors Supporting the Price Rise

The stock movements seen during July 2025, including the 3.85% rise following the East Central Railway order, occurred alongside a set of broader company-specific and sectoral developments:

A. Q4 FY25 Financial Results

RailTel’s financial performance for Q4 FY25, announced on May 1, 2025, reported:

• Revenue: ₹1,308.28 crore, up 57% YoY
• Net Profit: ₹113.4 crore, up 46.3% YoY

(Source: Financial Statements)

These figures led to a 7% increase in the share price on May 2, 2025. 

(Source: Money Control)

B. Government and Sectoral Context

• Navratna PSU Designation: RailTel received Navratna status in 2024. The classification allows for operational autonomy in select areas and reflects its strategic relevance in telecom and railway modernization.
• Railway Budget 2025: The Union Budget 2025 outlined expanded capital outlay for the railways, including funding for safety enhancements, electrification, and infrastructure upgrades, areas where RailTel has an established presence.
• Rail Infrastructure Projects: Programs such as Vande Bharat, bullet trains, and station redevelopment contribute to an ongoing pipeline for digital and signaling systems.
• Domestic Sourcing Initiatives: Policies under “Make in India” and “Atmanirbhar Bharat” promote reliance on domestic technology providers, increasing contract opportunities for Indian PSUs like RailTel.

C. Telecom Sector Trends (FY25)

• Adjusted Gross Revenue (AGR) for the telecom sector grew 12.02% YoY to ₹3,03,025 crore.
• Gross Revenue (GR) stood at ₹3,72,097 crore, up 10.72% YoY.
• Broadband Subscribers reached 944.12 million, and wireline subscribers rose by 9.62% to 37.04 million.

These developments align with RailTel’s service portfolio in broadband, managed services, and fiber infrastructure.

Conclusion

RailTel’s diversified order book, and ongoing policy momentum in the railway and digital infrastructure sectors provides it good visibility.

While these developments offer a view into the company’s operational and market position, any interpretation of stock movements or forward outlook should be supported by careful research and a deeper analysis of evolving order flows, execution timelines, and financial performance trends.

Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & the certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.