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IKIO Technologies Q2 FY27 results: net profit up 18.1% to ₹12.86 crore, revenue up 27.1%
IKIO Technologies Limited reported consolidated revenue of ₹208.72 crore in Q2 FY27, up 27.1% from Q2 FY26 and 23.3% from Q1 FY27. EBITDA rose to ₹27.93 crore, while a net profit of ₹12.86 crore and basic EPS of ₹1.54 compared with ₹10.89 crore and ₹1.41 a year earlier.
Key points
- Consolidated revenue was ₹208.72 crore in Q2 FY27, up ₹44.50 crore or 27.1% from Q2 FY26.
- EBITDA was ₹27.93 crore, up ₹9.54 crore or 51.9% year on year, with margin at 13.4% against 11.2%.
- Net profit was ₹12.86 crore, up ₹1.97 crore or 18.1% from Q2 FY26, and basic EPS was ₹1.54.
- Against Q1 FY27, revenue rose ₹39.43 crore, EBITDA increased ₹5.97 crore and net profit rose ₹1.81 crore.
- H1 FY27 revenue was ₹378.01 crore, up 32.9%, while net profit was ₹23.9 crore, up 80.1%, and basic EPS was ₹2.94.
How did IKIO Technologies perform in Q2 FY27?
IKIO Technologies reported consolidated revenue of ₹208.72 crore for Q2 FY27, up ₹44.50 crore or 27.1% from ₹164.22 crore in Q2 FY26. Total income rose ₹41.60 crore or 24.7% to ₹210.14 crore, while other income fell ₹2.90 crore to ₹1.42 crore.
EBITDA increased ₹9.54 crore or 51.9% from ₹18.39 crore to ₹27.93 crore. EBITDA margin expanded 2.2 percentage points to 13.4%. Profit before tax rose ₹5.59 crore or 41.5% to ₹19.06 crore, and net profit rose ₹1.97 crore or 18.1% to ₹12.86 crore.
Compared with Q1 FY27, revenue increased ₹39.43 crore or 23.3% to ₹208.72 crore, while EBITDA rose ₹5.97 crore or 27.2% to ₹27.93 crore. Net profit was ₹12.86 crore, up ₹1.81 crore or 16.4%, and basic EPS was ₹1.54 against ₹1.40. The company filed both standalone and consolidated results, but the figures here are consolidated.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 208.72 | 169.29 | 164.22 | +27.1% | +23.3% |
| Other income | 1.42 | 4.24 | 4.32 | −67.1% | −66.5% |
| Total expenses | 191.09 | 156.62 | 155.07 | +23.2% | +22.0% |
| EBITDA | 27.93 | 21.96 | 18.39 | +51.9% | +27.2% |
| EBITDA margin | 13.4% | 13.0% | 11.2% | +2.2 pp | +0.4 pp |
| Profit before tax | 19.06 | 16.90 | 13.47 | +41.5% | +12.8% |
| Tax | 6.20 | 5.85 | 2.58 | +140.3% | +6.0% |
| Net profit | 12.86 | 11.05 | 10.89 | +18.1% | +16.4% |
| EPS (₹) | 1.54 | 1.40 | 1.41 | +9.2% | +10.0% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in IKIO Technologies' costs and profit?
Total expenses rose ₹36.02 crore or 23.2% from Q2 FY26 to ₹191.09 crore. Cost of materials increased ₹9.97 crore or 9.3% to ₹117.39 crore, employee cost rose ₹8.62 crore or 38.7% to ₹30.92 crore, and other expenses increased ₹6.16 crore or 36.8% to ₹22.89 crore.
Finance costs rose ₹0.20 crore or 10.8% from ₹1.86 crore to ₹2.06 crore, while depreciation increased ₹0.86 crore or 11.7% from ₹7.38 crore to ₹8.24 crore. There was no exceptional item in either Q2 FY27 or Q2 FY26.
Other income fell ₹2.90 crore or 67.1% from ₹4.32 crore to ₹1.42 crore, while tax increased ₹3.62 crore or 140.3% from ₹2.58 crore to ₹6.20 crore. The filings do not state a reason for these movements.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 117.39 | 107.42 | +9.97 | +9.3% |
| Employee cost | 30.92 | 22.30 | +8.62 | +38.7% |
| Finance costs | 2.06 | 1.86 | +0.20 | +10.8% |
| Depreciation | 8.24 | 7.38 | +0.86 | +11.7% |
| Other expenses | 22.89 | 16.73 | +6.16 | +36.8% |
| Total expenses | 191.09 | 155.07 | +36.02 | +23.2% |
| Other income | 1.42 | 4.32 | −2.90 | −67.1% |
| Tax | 6.20 | 2.58 | +3.62 | +140.3% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, consolidated revenue was ₹378.01 crore, up ₹93.66 crore or 32.9% from ₹284.35 crore in H1 FY26. Total income rose ₹92.01 crore or 31.6% to ₹382.73 crore, while profit before tax increased ₹18.26 crore or 103.2% to ₹35.96 crore.
Net profit for the first half was ₹23.9 crore, up ₹10.63 crore or 80.1% from ₹13.27 crore. Basic EPS rose ₹1.22 or 70.9% to ₹2.94 from ₹1.72.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 378.01 | 284.35 | +32.9% |
| Profit before tax | 35.96 | 17.70 | +103.2% |
| Net profit | 23.90 | 13.27 | +80.1% |
| EPS (₹) | 2.94 | 1.72 | +70.9% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹827.43 crore against ₹767.17 crore at 31 March 2026. Total equity increased to ₹634.21 crore from ₹609.37 crore, while borrowings rose to ₹62.54 crore from ₹41.2 crore and cash was ₹23.57 crore against ₹21.75 crore.
Inventories increased to ₹230.31 crore from ₹201.11 crore, trade receivables rose to ₹166.53 crore from ₹133.01 crore, and trade payables increased to ₹54.61 crore from ₹45.05 crore.
H1 FY27 operating cash flow was negative ₹4.34 crore, compared with ₹5.1 crore in H1 FY26. Investing cash flow was negative ₹8.53 crore against negative ₹2.88 crore, while financing cash flow was ₹14.69 crore against negative ₹2.06 crore. Capital expenditure was ₹27.96 crore compared with ₹27.81 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 827.43 | 767.17 |
| Total equity | 634.21 | 609.37 |
| Borrowings | 62.54 | 41.20 |
| Cash and equivalents | 23.57 | 21.75 |
| Inventories | 230.31 | 201.11 |
| Trade receivables | 166.53 | 133.01 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −4.34 | 5.10 |
| Cash from investing | −8.53 | −2.88 |
| Cash from financing | 14.69 | −2.06 |
| Capital expenditure | 27.96 | 27.81 |
Source: Company's results filing (XBRL).
How has IKIO Technologies done over the last 8 quarters?
Revenue has increased year on year in each of the last five quarters and reached ₹208.72 crore in Q2 FY27, the highest point in the period shown. It had bottomed at ₹112.29 crore in Q4 FY25, then moved upward through the following quarters before rising again from ₹169.29 crore in Q1 FY27.
Net profit reached a peak of ₹17.52 crore in Q4 FY26, before falling to ₹11.05 crore in Q1 FY27 and rising to ₹12.86 crore in Q2 FY27. EBITDA margin peaked at 15.7% in Q4 FY26, fell to 13.0% in Q1 FY27 and recovered to 13.4% in Q2 FY27. Profit has increased year on year in each of the last two quarters.
What else did the company announce?
The board approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026. The statutory auditors’ limited review report carried an unmodified opinion. The board also appointed M/s Shiv Saroj & Associates, Chartered Accountants, as internal auditor for 1 October 2026 to 31 March 2027, following the Audit Committee’s recommendation. The same-day filing did not mention a dividend or fund raise.
How did other Consumer Electronics companies do?
Five other Consumer Electronics companies that had filed for the quarter recorded a median revenue growth of 42.5%, compared with IKIO Technologies’ revenue growth of 27.1% in Q2 FY27. One peer grew slower than the company, while four peers grew faster. Of the five peers for which profit was compared, three reported higher profit.
| IKIO Technologies revenue growth (YoY) | +27.1% |
|---|---|
| Median of 5 other Consumer Electronics companies | +42.5% |
| Companies with slower revenue growth than IKIO Technologies | 1 of 5 |
| Companies with faster revenue growth than IKIO Technologies | 4 of 5 |
| Companies whose net profit rose | 3 of 5 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was IKIO Technologies' revenue in Q2 FY27?
Revenue from operations was ₹208.72 crore, up 27.1% from ₹164.22 crore in Q2 FY26 (consolidated).
Did IKIO Technologies make a profit in Q2 FY27?
Yes. Net profit was ₹12.86 crore, against a net profit of ₹10.89 crore in Q2 FY26.
What was IKIO Technologies' EPS in Q2 FY27?
Basic earnings per share were ₹1.54, against ₹1.41 in Q2 FY26.
When did IKIO Technologies announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Approval Of Un-Audited Financial Results (Standalone & Consolidated) Of The Company For The Quarter And Half Year Ended September 30, 2026 (BSE, 29 October 2026) · PDF
- Unaudited Financial Results (Standalone & Consolidated) And Limited Review Report With Unmodified Opinion For The Quarter And Half Year Ended September 30, 2026. (BSE, 5 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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