IKIO Technologies Limited — PPTs, 09-02-2025: Investor Presentation

**Financial Highlights:** In Q3FY25, IKIO Lighting reported a consolidated net revenue of ₹1,215 Mn, reflecting a 4% year-over-year increase from ₹1,169 Mn in Q3FY24. However, the EBITDA margin decreased to 12.2%, down from 22.5% a year prior, primarily due to lower revenue in the ODM segment and higher operational costs. Profit After Tax (PAT) also saw a significant decline of 59% to ₹78 Mn compared to ₹190 Mn in Q3FY24, pressured by increased employee costs and depreciation.

**Strategic Initiatives and Growth Drivers:** The company is expanding capacity with ongoing civil construction for a new facility expected to complete by March ’25. IKIO was selected for the PLI scheme under its subsidiary for white goods manufacturing, which is poised to enhance its operations in LED production.

**Business Developments:** IKIO entered a joint venture with Ritech Holdings in the UAE to expand its footprint in the Gulf market, besides generating initial revenues from its subsidiary, Royalux LLC, which secured a significant MOU assuring $8 Mn in business over the next six months.

**Market Position and Competitive Advantage:** IKIO is well-positioned in the Indian lighting market amid growing demand for energy-efficient products, leveraging its in-house R&D and diversified product portfolio to maintain competitiveness.

**Investor Implications:** The company exhibits a positive outlook despite recent challenges due to ongoing capacity expansion and geographical diversification, promising potential growth in both domestic and international markets. Investors should monitor the upcoming quarter closely as these strategies unfold.