Shares of Dixon Technologies slid over 8% in very early bargains today message Q3 incomes. The supply shed 8.50% to Rs 16,060 on BSE. Turnover went to Rs 7.45 crore as 4576 shares of the company transformed hands on BSE. Market cap of the company was up to Rs 97,438 crore. However, Motilal Oswal appointed a buy contact us to the supply with a 17% advantage. It repaired a rate target of Rs 20,500 on the digital items supply.
rub stood less than our price quotes on greater devaluation, passion, and minority passion, stated the broker agent. This impacted view around the supply today.
Dixon Technologies (Dixon) reported better-than-expected earnings and EBITDA, driven by solid efficiency of the mobile and EMS section, the broker agent stated.
“The company is continuously focusing on increasing backward integration and expects display manufacturing to begin from 1Q/2QFY26. We expect incremental margin from the display facility to offset contraction in margins due to the PLI scheme ending by FY26. The company is also exploring entry into display fabs and is awaiting government guidelines from the expected component PLI scheme. We revise our estimates by -8%/-4%%/7% for FY25/FY26/FY27 to factor in higher mobile segment revenues and lower consumer electronics revenues and increase our DCF-based TP to Rs 20,500 on March’27 estimates. Reiterate BUY,” includedMotilal Oswal
Nuvama preserved its hold contact the supply however increased its cost target.
Dixon reported one more strong quarter with Q3FY25 revenue/EBITDA/PAT development of 117%/ 112%/ 78%, mostly led by a solid increase in the mobile section (revenue/EBITDA up 190%/ 210% YoY), the broker agent stated.
“We are revising FY25E/26E/27E PAT by -3%/5%/10% to reflect i) weaker performance in TV; ii) Vivo JV; and iii) full Ismartu consolidation (Q3 is the first full quarter). We roll forward valuation to Mar’26, yielding a TP of Rs 18,790 (earlier Rs 16400), based on 65x FY27E EPS; maintain ‘HOLD’ on fair valuation,” stated Nuvama.
Dixon Technologies reported an excellent collection of incomes for the quarter finished December 2024. Net earnings climbed 124% year-on-year to Rs 217 crore. Profit in Q3 of last monetary stood at Rs 97 crore.
Revenue climbed 117% to Rs 10,461 crore in the December 2024 quarter. Dixon Technologies EBITDA greater than increased to Rs 398 crore in the October-December quarter.
Dixon Technologies (India) is the biggest home-grown design-focused and remedies firm took part in agreement production items in the customer durables, illumination and smart phones markets in India.
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