Shares of Dixon Technologies fell over 4% to Rs 14,230 in morning trade on October 25, even though the company reported solid earnings for the second quarter of FY25. Despite the dip, analysts remain optimistic about Dixon’s growth prospects, driven by its mobile segment, IT hardware, and backward integration strategies.
The company posted a 263% increase in consolidated net profit to Rs 412 crore, with revenue rising to Rs 11,534.08 crore. Dixon expects a strong Q4 in its smartphone segment, projecting revenues of Rs 7,000-7,500 crore for FY25 from its major client ISMARTU. In IT hardware, a Rs 150-crore Phase 1 expansion aims to generate Rs 4,500 crore in revenue over the next 2-3 years, with production for brands like Lenovo, Asus, and HP set to begin soon.
Dixon shares have surged 130% since the start of the year.
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Source: Moneycontrol
News Desk
