Outcome of Board Meeting held on May 02, 2026 and submission of Audited Financial Results (Standalone & Consolidated) of the Company for the quarter and financial year ended March 31, 2026.
IKIO · price
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IKIO Technologies reported standalone revenue of Rs. 1,698.23 million for FY2026, down 18% from Rs. 2,077.26 million in FY2025. Net profit after tax fell to Rs. 147.80 million from Rs. 236.05 million, a decline of approximately 37%. Consolidated PAT for the year stood at Rs. 175.23 million. The auditors (BGJC & Associates LLP) issued an unmodified opinion with no going concern issues. The Board also approved appointment of Ms. Madhu Pandit as an Additional Independent Director, appointed a new Internal Auditor (Shiv Saroj & Associates), and recommended M/s Agarwal & Saxena as the new Statutory Auditor for FY27 onwards replacing the retiring auditor. The company also deployed Rs. 39.02 crore of balance IPO proceeds during the year.
The company experienced a significant profit decline of 37% YoY with PAT falling to Rs. 147.80 million, which could exert downward pressure on the stock price. The clean audit opinion and strong balance sheet (total equity Rs. 4,955 million) provide some stability. Management changes and auditor rotation are routine governance actions.