DTDixon Technologies (India)540699Electronics manufacturing

Dixon Technologies reported a tough quarter with profit down sharply, though Jefferies raised its target price while maintaining hold

By ScoutQuest · Mon 2 Nov 2026, 8:19 AM IST · 1 min read

Net profit decline

48.7 percent

Revenue growth

46 percent

Jefferies target price

12,765 rupees

Heard on business television between 08:22:02 - 08:25:02 IST.

• Net profit down 48.7% at Rs 344 crore versus Rs 670 crore year on year
• Revenue up 46% at Rs 21,794 crore; margins fell to 2.7% versus 3.8%
• Other income dropped sharply from Rs 496 crore to Rs 69 crore
• Jefferies maintained hold, raised target price to Rs 12,765 from Rs 12,730, saying sales growth was pricing-led while mobile volumes declined on affordability pressures
• Jefferies said margin decline was due to mobile PLI expiry and higher memory cost pass-through, with FY28 margin improvement expected via backward integration

The call above is Jefferies's, reported here as they made it. Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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