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Earnings Call

IZMO Earnings Call: Key Takeaways

IZMO reported record Q4 revenue driven by its new semiconductor division, izmomicro. Management is pivoting strategy toward high-margin silicon photonics and advanced 3D packaging for AI data centers and defense.

Why this was an Alfa AlertManagement explicitly guided a future growth target for izmomicro from ₹18cr in FY26 to ₹50cr in FY27, representing a 177% YoY single-year growth projection.
Highlights
Revenue growth82.5% YoY in Q4; 26.8% YoY for full year FY26.
MarginsEBITDA margins targeted at 20-25% for FY27, 30%+ for FY28.
Order bookizmomicro order book at ₹40-60cr; ₹100cr pipeline visibility.
Demand visibilityStrong pipeline from AI hyperscalers and Indian defense indigenization mandate.
Management confidenceHigh on silicon photonics leadership; 'only company in India' for 3D packaging.

Growth

Q4 FY26 revenue grew 82.5% YoY to ₹109.16cr. FY26 revenue rose 26.8% to ₹284.88cr; PAT at ₹47.56cr.

Outlook

Guiding ₹50cr izmomicro revenue for FY27. Raising ₹150cr for capex to hit ₹1,200cr addressable capacity by FY28.

Risks

High complexity in scaling silicon photonics; significant capital requirement for expansion; customer concentration in niche defense/space projects.

Last quarter's promises, checked

Delivered

  • Guided izmoMicro breakeven in FY26 → Delivered FY26 PAT of ₹47.56cr (= BEAT)
  • Guided 25-30% yearly revenue growth → Delivered 26.8% FY26 growth (= BEAT)
  • Guided Stellantis rollout in Europe → Delivered rollout completed (= BEAT)

Partly delivered

  • Guided izmoMicro FY26 revenue of ₹25cr → Delivered ₹109.16cr Q4 revenue (exceeded but segment-specific full-year breakout unclear) (= BEAT)

Missed

  • Guided 20-25% EBITDA margins for FY26 → Delivered 16.7% FY26 margins (= MISS)
Source

Earnings Call filed with NSE, NSE: IZMO. Summary written with AI assistance from the document.

Read the document ↗

IZMO Ltd: key numbers

Share price
₹903.95
Market cap
₹1,354 Cr
Revenue (annual)
₹284.9 Cr
Net profit (annual)
₹47.56 Cr
P/E (TTM)
25.2×Sector 22.1×
Promoter holding
34.79%+0.00% QoQ
FII holding
3.35%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from IZMO Ltd

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18:33 IST BSE
Annual General Meeting

IZMO Annual General Meeting

Izmo Ltd held its 31st Annual General Meeting on September 25, 2026. Shareholders considered financial statements, director re-appointments, and voluntary delisting from Calcutta Stock Exchange.

11:49 IST BSE
Promoter Buying (Off-Market)

IZMO Promoter Buying (Off-Market)

Tej Soni reported the non-completion of a proposed inter-se transfer of 14,96,257 shares (9.9% stake) due to procedural DP rejection. The gift-based transaction between promoter group relatives remains pending.

Promoter stake change
+9.90%
19:01 IST NSE
Other Announcement

IZMO Other Announcement

Tej Soni notified the exchange that the previously announced inter-se gift of 14,96,257 shares could not be completed by the deadline due to procedural delays.

09:49 IST NSE
Business Update

IZMO Business Update

IZMO's subsidiary izmo Microsystems will showcase production-stage silicon photonics modules at SEMICON India 2026. The release highlights India's first advanced photonic packaging capability and a 2027 transceiver portfolio preview.

16:32 IST BSE
Promoter Buying (Off-Market)

IZMO Promoter Buying (Off-Market)

Mr. Tej Soni (Promoter Group) will acquire 14,96,257 shares of Izmo Ltd from Mrs. Shashi Soni and Mrs. Kiran Soni via an inter-se gift transfer.

Promoter stake change
+9.99%
16:20 IST BSE
Financial Results

IZMO Q1 FY27 Results: Net Profit ₹12.2 Cr, Up 103.3% YoY

IZMO Ltd reported revenue from operations of ₹65.4 Cr (+15.8% YoY) and net profit of ₹12.2 Cr (+103.3% YoY) for Q1 FY27.

Key figure
Net profit ₹12.2 Cr · +103.3% YoY