ALFA Finder| Revenue growth | +27% YoY, +23% QoQ in Q2; H1 +33%. Partly transfer-driven. |
|---|---|
| Margins | EBITDA margin 13.4%, +220bps YoY, stable QoQ; 16-18% steady state targeted. |
| Demand visibility | Middle East exports up 70-80% QoQ; ODM home lighting flat QoQ. |
| Management confidence | Over-optimistic: 'much better than planned', hedged with geopolitical caveats. |
Growth
Revenue +27% YoY, +23% QoQ; H1 +33%. Block 2 added ~₹20-22 Cr in Q2, but intra-group transfer muddies segment growth.
Outlook
16-18% consolidated EBITDA margin steady state in ~1.5 years; block 3 completion by Q3 FY27 at 100,000+ sq ft.
Risks
Gulf tensions and duty changes; block 2 ramp slipped to Q3; ODM home lighting flat QoQ; depreciation and utilisation questions left unanswered.
Last quarter's promises, checked
Delivered
- FY27 revenue growth 18–20% → H1 +33% (= BEAT; FY not closed)
- Consol. EBITDA margin 13–14% → 13.4% in Q2 (= BEAT)
- Block 2 partly live in Q2 → ~₹20–22 Cr added (= BEAT)
Partly delivered
- Home lighting ODM ~₹170 Cr FY (±₹10–15 Cr) → Q2 flat QoQ (= PARTIAL)
- Input-cost pressure to normalise → margin flat QoQ at 13.4% (= PARTIAL)
Missed
- Block 2 ramp in Q2 → slipped to Q3 (= MISS)
- Tower-2 depreciation from Q2 → figure deferred, unanswered (= MISS)
- Steady-state margin 17–18% feasible → now 16–18% (= MISS)
Earnings Call Transcript filed with NSE, NSE: IKIO. Summary written with AI assistance from the document.
IKIO Technologies Ltd: key numbers
- Share price
- ₹201.17
- Market cap
- ₹1,555 Cr
- Revenue (annual)
- ₹595.3 Cr
- Net profit (annual)
- ₹37.83 Cr
- P/E (TTM)
- 32.1×Sector 43.9×
- Promoter holding
- 72.55%+0.00% QoQ
- FII holding
- 0.61%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from IKIO Technologies Ltd
All →IKIO Technologies Other Announcement
IKIO Technologies re-appointed Shiv Saroj & Associates as internal auditor for six months effective 1 October 2026. The change is a routine auditor re-appointment outcome of the 5 November 2026 board meeting.
- Execution
- 6 months from 01-10-2026
IKIO Technologies Q2 FY27 Results: Net Profit ₹12.9 Cr, Up 18.3% YoY
IKIO Technologies Ltd reported revenue from operations of ₹208.7 Cr (+27.1% YoY) and net profit of ₹12.9 Cr (+18.3% YoY) for Q2 FY27.
- Key figure
- Net profit ₹12.9 Cr · +18.3% YoY
IKIO Technologies Board Meeting Date
IKIO Technologies has scheduled a board meeting on 5 November 2026 to consider unaudited standalone and consolidated quarterly results for September 2026. This is an advance notice; the results are not yet approved.
IKIO Technologies Other Announcement
IKIO Technologies filed its Reg 76 Reconciliation of Share Capital Audit Report for the quarter ended 30 September 2026. It is a routine compliance certificate with no transaction or business impact.
IKIO Technologies Business Update
IKIO Technologies' subsidiary, Royalux FZCO, entered a one-year vendor exclusivity undertaking with Danube Home LLC, targeting AED 2 million in potential business opportunities.
- Execution
- 1 year
IKIO Technologies Management Change
IKIO Technologies Limited announced the resignation of Assistant Vice President Nripendra Kumar Gupta and the appointment of Naveen Bhatia as Finance Head.