Dixon Technologies Ltd shares surged by 3% on Wednesday after the company posted strong Q1 FY26 results. The stock opened higher, reaching ₹16,593, compared to Tuesday’s close of ₹16,110. This bullish movement is driven by impressive revenue growth, particularly from its Mobile & EMS division, and a positive outlook from global brokerages.

Dixon Tech Q1 FY26 Results Highlights (Consolidated)

  • Revenue: ₹12,863 crore (↑ 24% QoQ) vs ₹10,292 crore in Q4FY25

    • Estimate: ₹12,155 crore

  • EBITDA: ₹482 crore

    • Bloomberg estimate: ₹389 crore

  • EBITDA Margin: 3.8%

    • Estimate: 3.2%

  • Net Profit: ₹225 crore (↓ 43% QoQ)

    • Estimate: ₹221 crore

Despite a drop in net profit, the revenue beat and improved margins indicate solid business execution.

Brokerage Reactions on Dixon Tech

  • Goldman Sachs: Raised the target price to ₹11,110 from ₹10,030; retains 'Sell' rating.

  • Investec: Maintains a 'Buy' rating with a target of ₹20,000.

According to Bloomberg data, among 35 analysts,

  • 22 have a 'Buy' recommendation

  • 5 recommend 'Hold'

  • 8 suggest 'Sell'

The 12-month average price target indicates a 6.5% potential upside.

Dixon Tech Share Price History

Over the past 12 months, Dixon Technologies stock has surged by 50%, showcasing strong investor confidence in the company’s long-term growth potential.