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Dixon Technologies shares in focus after Q1 profit doubles YoY to Rs 280 crore; revenue jumps 95%

Dixon Technologies shares in focus after Q1 profit doubles YoY to Rs 280 crore; revenue jumps 95%

Time of India5 days ago
Shares of
Dixon Technologies
will be in focus on Wednesday after the company reported a sharp rise in its June-quarter earnings.
The firm posted a consolidated net profit of Rs 280.02 crore for Q1FY26, up 100% from Rs 139.70 crore in the same quarter last year.
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Revenue from operations surged 95% year-on-year (YoY) to Rs 12,835.66 crore, compared to Rs 6,579.80 crore in Q1FY25. EBITDA for the quarter rose 89% to Rs 484 crore, from Rs 256 crore a year earlier.
The company's PAT margin improved slightly to 2.2% from 2.1% in the year-ago quarter. However, net debt increased to Rs 214 crore as of June 2025, up from Rs 62 crore at the end of March 2025.
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Following the results,
Motilal Oswal Financial Services
(MOSL) reiterated its 'Buy' rating on Dixon Technologies and raised the target price to Rs 22,100, up from Rs 20,500. The brokerage cited sustainable volume growth, supported by joint ventures with Longcheer and Vivo.
MOSL also revised its FY27 estimates upward by 10%, factoring in higher mobile volumes and increased capital expenditure. It now projects a CAGR of 33% in revenue, 36% in EBITDA, and 45% in PAT over FY25–FY28.
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The mobile segment is expected to remain the primary revenue driver, while the consumer electronics segment may face near-term headwinds.
MOSL also expects EBITDA margins to improve steadily, projecting 3.8% in FY26, 4.0% in FY27, and 4.2% in FY28, supported by backward integration and benefits from the PLI scheme.
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