IKIO Technologies Limited has informed the Exchange about Transcript
IKIO · price
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IKIO Technologies reported FY25 revenue of INR486 crores, up 11% YoY, but saw sharp margin compression with EBITDA falling to INR60 crores from INR93 crores and PAT dropping to INR32 crores from INR61 crores. Q4 FY25 was weaker, with consolidated revenue of INR112 crores (up 18% YoY) but EBITDA margin at just 5.5% and a negative PAT of minus INR1 crore, hit by INR6 crore provisioning for inventory/debtors, ESOP costs, and front-loaded expenses for the new facility. Management called the margin dip temporary, citing stable gross margins at 42% and healthy cash PAT of INR64 crores for the full year, while highlighting 22% revenue from international markets, commercial production starting for Honeywell products, and a new Gulf market JV. The company has received PLI scheme approval and expects about INR4 crores in the first year against a INR90 crore incremental sales threshold. Management twice declined to provide FY26 guidance, saying a detailed update will come by Q2 of FY26.
Sharp YoY earnings decline and negative Q4 PAT may weigh on the stock near-term, but the focus on stable gross margins, growing international business, and new product wins could limit downside. The repeated deferral of forward guidance adds uncertainty for investors.