Signal Desk · Markets

Dixon Tech revenue jumps 50% as EMS drives 92% of sales

2026-11-02 · 1 source · CNBC TV18 Market

In short

Dixon Tech reported revenue of ₹20,093 crore, up 50% from a year earlier. Its mobile and other electronics manufacturing services business made up 92% of revenue, while PBIT margin fell to 2.5% from 3.5%.

This matters because brokerages such as UBS, Motilal and Nuvama see up to 45% upside. The report does not give the full valuation case or the exact price targets.

What the reporting says

Dixon Tech reported revenue of ₹20,093 crore, up 50% year on year, with its mobile and other electronics manufacturing services division contributing 92% of revenue versus 90% a year earlier. The company’s PBIT margin fell to 2.5% from 3.5%, according to the summary. The report says UBS, Motilal and Nuvama see up to 45% upside, but it does not state the target prices or the reason in full.

Why it matters

Dixon Tech’s reported revenue rose 50% year on year to ₹20,093 crore, while its mobile and other electronics manufacturing services division remained the main driver at 92% of revenue. At the same time, PBIT margin declined to 2.5% from 3.5%, showing some pressure on profitability even as sales grew. The summary says UBS, Motilal and Nuvama see up to 45% upside, but the detailed rationale is not included here.

Touches: Dixon Tech, UBS, Motilal Oswal Financial Services, Nuvama, Companies, Markets, AI

Sources