IKIO Technologies Limited — Investor Meet, 08-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

IKIO Technologies reported strong Q4 FY26 revenue of INR165 Cr (up 47% YoY) and FY26 revenue of INR595 Cr (up 23% YoY). Q4 EBITDA reached INR26 Cr with ~16% margins, while FY26 EBITDA stood at INR78 Cr with ~13% margins. PAT for Q4 was INR18 Cr (~11% margin), and FY26 PAT was INR42 Cr (~7% margin). The company’s strategy of diversifying beyond Home Lighting is showing results, with other businesses contributing 77% to Q4 FY26 revenue, up from 66% in Q4 FY25. Hearables & Wearables saw strong growth, and overseas revenue grew 53% to INR110 Cr in FY26, now comprising 18% of total.

Management is actively transitioning from lighting to integrated technology solutions, expanding into Energy Solutions, Electronic Components, and Automotive Lighting. Block II of the 5 lakh sq ft greenfield capacity expansion is expected by Q1 FY27. The company's unique ODM model, providing complete solutions from design to manufacturing, differentiates it from traditional EMS players. Management anticipates 20-22% revenue growth for FY27, with EBITDA margins around 15-16% as front-loaded strategic expenses normalize and new verticals scale up. Geopolitical tensions have impacted supply chains and US market expansion, but IKIO is adapting. The management conveys a confident outlook on future growth from diversification and strategic investments.