Dixon Technologies shares are in focus on Dalal Street after the Noida-based electronic manufacturing services company staged a strong show for the final three months of FY25. Brokerages are divided on the largecap stock with targets ranging from Rs 8,696 to Rs 21,202, as against Tuesday’s closing price of Rs 16,566.
Here’s everything to know about Dixon Tech shares:
Dixon Tech Q4 FY25 Results | Top-line and bottom-line
After market hours on Tuesday, Dixon Tech reported a more than four times increase in its net profit to Rs 400.8 crore compared with the corresponding period a year ago, driven by an exceptional gain of Rs 250 crore.
Its March-quarter revenue more than doubled to Rs 10,293 crore from Rs 4,658 crore a year ago, according to a regulatory filing.
How Dixon Tech profit and sales compare with estimates
According to Zee Business research, Dixon Tech was estimated to register a quarterly net profit of Rs 179 crore with revenue of Rs 9,926 crore.
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Q4 FY25 Earnings | How Dixon fared operationally
Dixon Tech’s fourth-quarter earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 2.4 times on a year-on-year basis to Rs 442.7 crore.
Analysts said the company staged a strong overall performance on the back of strong operating leverage, with revenue growing sharply owing to a scale-up in output and expansion of original design manufacturing (ODM) deals.
Dixon Tech dividend per share
The Noida-headquartered EMS firm recommended a final dividend of Rs 8 per equity share for the financial year ended March 31.
Dixon Tech Q4 Earnings | What brokerages say
Nomura and HSBC each maintained their ‘buy’ rating on the stock whereas Goldman Sachs and Morgan Stanley continued with their ‘sell’ and ‘equal-weight’ calls respectively.
Brokerage | Rating | Target | Upside/downside vs May 20 close |
Goldman Sachs | Sell | Reduced to Rs 10,200 from Rs 10,560 | -38.4% |
Nomura | Buy | Reduced to Rs 21,202 from Rs 22,005 | 28.0% |
HSBC | Buy | Rs 20,000 | 20.7% |
Morgan Stanley | Equal-weight | Rs 8,696 | -47.5% |
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