PG Electroplast Leads Industry Growth In Q4; Dixon Technologies Follows Close

PG Electroplast Ltd. led growth in the electronics manufacturing services industry after its consolidated net profit jumped two folds to Rs 146.38 crore in the fourth quarter. Strategic expansion in products and capacity helped PG Electroplast in the March quarter.

PG Electroplast's growth prospectus remained positive due to ongoing client additions and new stock keeping unit launches, said Anand Rathi Research. In the current financial year, the company will see elevated capital expenditure.

Dixon Technologies Ltd. bagged the second place among top profit-makers in the electronics manufacturing services industry, right after PG Electroplast.

The company's consolidated net profit surged 322% to Rs 401 crore versus Rs 95 crore. This came as mobile, electronic manufacturing service industry dominated product mix, Jefferies said. The company is already catering to a high share of domestic outsourcing by financial year 2027, the brokerage said.

Dixon Technologies is eyeing 53% volume growth in smartphones in financial year 2026, while PG Electroplast will focus on increasing the revenue growth to 30% in the current financial year.

Syrma SGS Technology Ltd. and Kaynes Technologies Ltd. followed PG Electroplast and Dixon Technologies in terms of growth.

Amber Enterprises, which posted the least net profit growth compared to its peers in the industry, got estimate cuts from Anand Rathi Research team. High capital expenditure and finance cost will weigh on the company.

However, Dixon Technologies Ltd. and PG Electroplast shares fell in Wednesday's session. The stocks declined as much as 7.82% and 3.18% down, respectively.

Amber Enterprises Ltd. led gains in Wednesday's session, with 0.38% gain.