Dixon Tech Shares Jump 3% After Q1 Earnings, Goldman Sachs' Target Price Hike
Shares of Dixon Technologies Ltd had a strong gap-up opening on Wednesday with gains of up to 3%.
Shares of Dixon Technologies Ltd had a strong gap-up opening on Wednesday with gains of up to 3%.
This comes in the wake of the multinational electronics manufacturer's first-quarter earnings, which saw a ramp-up, with revenue from Mobile & EMS division rising two-fold.
The stock is trading at Rs 16,593 apiece, compared to Tuesday's close of Rs 16,110. Over a 12-month period, Dixon Tech shares have surged over 50%.
During the April-June period, Dixon Technologies' topline or revenue from operations rose 24% to Rs 12,863 crore, compared to Rs 10,292 crore in the previous quarter ended March 31, 2025.
Dixon Technologies Q1 FY26 Highlights (Consolidated, QoQ)
Revenue up 24% to Rs 12,863 crore versus Rs 10,292 crore (Estimate: Rs 12,155 crore)
Ebitda at Rs 482 crore versus Bloomberg estimate of Rs 389 crore
Margin at 3.8% versus Bloomberg estimate of 3.2%
Net profit down 43% to Rs 225 crore versus Rs 400.8 crore (Estimate: Rs 221 crore)
What Are Brokerages Saying About Dixon Tech?
Goldman Sachs released a note on Dixon Tech in light of its June quarter earnings, notably hiking the target price to Rs 11,110 from Rs 10,030 but maintaining a 'Sell' call.
Investec, meanwhile, released a positive note on the EMS company, maintaining a 'Buy' call with an unchanged price target of Rs 20,000.
Out of the 35 analysts tracking the company, 22 have a 'buy' rating on the stock, five recommend 'hold' and eight suggest 'sell', according to Bloomberg data.
The average of 12-month analysts' price target implies a potential upside of 6.5%.
