IKIO Technologies Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
IKIO · price
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IKIO Technologies submitted its Q1 FY26 (quarter ended June 30, 2025) un-audited financial results to the exchanges. Standalone revenue from operations fell sharply to Rs. 386.92 million from Rs. 665.68 million in the same quarter last year, a decline of about 42%, while standalone net profit dropped to Rs. 32.94 million from Rs. 86.74 million, down roughly 62%. On a consolidated basis, revenue from operations was Rs. 1,201.37 million versus Rs. 1,270.38 million a year ago (down ~5%), and consolidated net profit plunged to Rs. 23.78 million from Rs. 123.71 million, an ~81% YoY fall. The statutory auditor BGJC & Associates LLP issued an unmodified limited review report. The board also approved the appointment of Mr. Sanjeet Singh (currently Whole-Time Director and CEO) as Chief Financial Officer and KMP, with effect from August 2, 2025; he is also proposed to be appointed CEO subject to shareholder approval. Mr. Singh is the son-in-law of Managing Director Hardeep Singh.
Sharp YoY decline in both revenue and profits, especially on a standalone basis, is a negative signal for the stock despite the clean auditor review. The dual role of a related party (son-in-law of the MD) as both CEO and CFO may also raise governance concerns among investors.