Dixon Technologies shares jumped about 4% following Q4 results despite a 36% year-on-year fall in March quarter net profit. Revenue from operations rose around 2% year-on-year, boosting sentiment. However, Goldman Sachs stayed with a Sell call citing weak mobile performance, while Motilal Oswal and JM Financial leaned Buy/Add on potential growth from incentives like PLI 2.0.
Dixon Technologies’ quarterly profit fell 36% even as revenue grew, driven by soft consumer demand, higher component costs and the withdrawal of PLI benefits. Margins came under pressure, but the company is looking ahead with plans to scale smartphone manufacturing, telecom equipment, exports and IT hardware, betting on strong growth momentum into FY27.
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More than a quarter of the smartphones sold in India are now made by domestic firms, led by Dixon Technologies as the country’s biggest smartphone maker. The change is fueled by global brands increasingly outsourcing production to India. With exports becoming a major engine for electronics manufacturing, policy support is accelerating the shift, and further growth is expected ahead.
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