Whalesbook
MobiKwik ne Q4FY26 mein apna net profit 10% tak badha kar ₹4.4 crore kar liya hai. Iska secret hai unka EBIT jo 48.5% bhaga aur margin 3.5% tak pahunch gaya, jo pehle 2.4% tha. Par asli twist ye hai ki company ka revenue bilkul flat raha, ₹289 crore par. Matlab, cost control toh mast hai, par revenue badha nahi pa rahe. Inka P/E ratio toh negative -14.8 hai, aur ROE/ROCE bhi negative chal raha hai, jo dikhata hai ki company abhi bhi losses mein hai. Fintech world mein bhi funding kam companies mein ho rahi hai, deal volume 54% gira hai.
Ab baat karte hain Dixon Technologies ki, jo electronics manufacturing mein ek bada player hai. Investor inke Q4FY26 results ka wait kar rahe hain, aur thodi chinta mein hain. Kyunki analytics bol rahe hain ki revenue ₹8,500 crore se ₹10,729 crore ke beech aa sakta hai, par profit after tax (PAT) kam ho sakta hai. Ye tension hai commodity prices badhne, handset market thoda slow hone aur low-to-mid range phones ki demand kam hone ki wajah se. Agar Q3 FY26 dekhein toh revenue ₹10,803 crore (+3% YoY) tha aur profit ₹287 crore (+67% YoY) bhaga tha, margin 5.1% tha. Aage chal kar JVs aur IT hardware mein expansion ke plans hain, par stock pichhle saal 33% gir chuka hai aur 52-week low ke aas paas hai.
India ka electronics manufacturing sector waise toh government schemes (PLI) aur 'China+1' strategy ki wajah se ₹11.3 lakh crore tak pahunchne wala hai FY25 mein. Par Dixon ka mobile segment mein pressure aur margin squeeze dikhata hai ki sector acha chalne ka matlab ye nahi ki har company successful ho.
MobiKwik ke liye revenue growth aur profitability ka path abhi bhi uncertain hai. Analyst iska target ₹400 de rahe hain. Dixon ke liye Q4 results aur FY27 guidance crucial honge. Analyst targets ₹10,330 se lekar ₹15,000-₹20,000 tak hain, jo investors ke mixed views dikha rahe hain.