| Margins | SiPh line yields 15-25% lower development costs and 50% faster TTM. |
|---|---|
| Demand visibility | Strong; 45% YoY datacom growth driven by AI cluster build-outs. |
| Management confidence | High; citing 10+ year delivery record in specialty packaging. |
Growth
SaaS base serves 3,000+ dealers globally. Management targets the $10B+ Silicon Photonics market with India's first integrated SiPh line.
Outlook
Product roadmap includes 400G (FY28), 800G (FY28-30), and 1.6T (FY30+) optical transceivers. Expansion is funded by SaaS recurring revenue.
Risks
High-complexity manufacturing execution risks and long qualification cycles (18-24 months) for defense and industrial customers.
Last quarter's promises, checked
Delivered
- Guided 25-30% revenue growth → delivered 9.8% H1 (9% overall) (= MISS)
- Targeted 20-25% EBITDA margin → delivered 23.4% H1 (= BEAT)
- Projected IzmoMicro breakeven FY26 → on track with INR 25cr target (= BEAT)
Partly delivered
- Order book INR 25cr → reached INR 50cr (execution over 9 months) (= PARTIAL)
- INR 200cr packaging expansion → fundraise and machinery lead times pending (= PARTIAL)
Missed
- Guided 35% EBITDA margin for FY26 → revised to 20-25% (= MISS)
- Targeted 25-30% overall revenue growth → 9.8% H1 growth (= MISS)
Earnings Call filed with BSE, NSE: IZMO. Summary written with AI assistance from the document.
IZMO Ltd: key numbers
- Share price
- ₹864.30
- Market cap
- ₹1,295 Cr
- Revenue (annual)
- ₹284.9 Cr
- Net profit (annual)
- ₹47.56 Cr
- P/E (TTM)
- 24.1×Sector 21.8×
- Promoter holding
- 34.79%+0.00% QoQ
- FII holding
- 3.35%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from IZMO Ltd
All →IZMO Annual General Meeting
Izmo Ltd held its 31st Annual General Meeting on September 25, 2026. Shareholders considered financial statements, director re-appointments, and voluntary delisting from Calcutta Stock Exchange.
IZMO Promoter Buying (Off-Market)
Tej Soni reported the non-completion of a proposed inter-se transfer of 14,96,257 shares (9.9% stake) due to procedural DP rejection. The gift-based transaction between promoter group relatives remains pending.
- Promoter stake change
- +9.90%
IZMO Other Announcement
Tej Soni notified the exchange that the previously announced inter-se gift of 14,96,257 shares could not be completed by the deadline due to procedural delays.
IZMO Business Update
IZMO's subsidiary izmo Microsystems will showcase production-stage silicon photonics modules at SEMICON India 2026. The release highlights India's first advanced photonic packaging capability and a 2027 transceiver portfolio preview.
IZMO Promoter Buying (Off-Market)
Mr. Tej Soni (Promoter Group) will acquire 14,96,257 shares of Izmo Ltd from Mrs. Shashi Soni and Mrs. Kiran Soni via an inter-se gift transfer.
- Promoter stake change
- +9.99%
IZMO Annual General Meeting
IZMO Ltd has scheduled its 31st Annual General Meeting for September 25, 2026, to adopt financial statements, re-appoint directors, and approve a voluntary delisting from CSE.