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)
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Revenue: ₹12,863 crore (↑ 24% QoQ) vs ₹10,292 crore in Q4FY25
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Estimate: ₹12,155 crore
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EBITDA: ₹482 crore
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Bloomberg estimate: ₹389 crore
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EBITDA Margin: 3.8%
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Estimate: 3.2%
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Net Profit: ₹225 crore (↓ 43% QoQ)
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Estimate: ₹221 crore
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Despite a drop in net profit, the revenue beat and improved margins indicate solid business execution.
Brokerage Reactions on Dixon Tech
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Goldman Sachs: Raised the target price to ₹11,110 from ₹10,030; retains 'Sell' rating.
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Investec: Maintains a 'Buy' rating with a target of ₹20,000.
According to Bloomberg data, among 35 analysts,
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22 have a 'Buy' recommendation
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5 recommend 'Hold'
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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.