IZMO LIMITED

Operates an IT-enabled services business run largely through 11 overseas subsidiaries, with consolidated FY26 revenue of Rs 284.88 crore up 26.8% year-on-year while standalone revenue contracted 11% to Rs 4,167 lakhs. Grew the customer base by 113 new US clients and 33 new European clients during the year, indicating international expansion as the main growth engine. Through its wholly-owned subsidiary izmo Microsystems, supplies advanced semiconductor packaging including high-frequency RF modules and radar receiver module assembly for India's defence electronics sector, and silicon photonic IC packaging as the official packaging partner in the National Silicon Photonics Mission led by IIT Madras's Centre of Excellence CPPICS under MeitY. The subsidiary has signed an MoU with Swiss TFLN photonic foundry CCRAFT SA and Madrid-based photonic IP firm Alcyon Photonics SL to co-develop photonic integrated circuits for datacom, telecom, aerospace and sensor markets, operating from a Class 1000 cleanroom in Bangalore. Employee cost of Rs 108.79 crore (38.2% of revenue) and other operating expenses of Rs 117.74 crore (41.3%) dominate the cost base, consistent with a services-heavy structure. Consolidated PAT was Rs 47.56 crore with a net margin of 16.7%; the standalone entity posted a Q4 loss, and other expenses surged from Rs 6,974.98 lakhs to Rs 11,774.08 lakhs year-on-year.