IKIO Technologies Limited , formerly known as IKIO Lighting Limited, has reported a strong financial performance for the second quarter and first half of fiscal year 2026, showcasing significant growth and diversification in its business operations.

Key Financial Highlights

• Revenue Growth: The company's revenue from operations surged by 31% year-over-year to Rs 1,642 million in Q2FY26, compared to Rs 1,250 million in Q2FY25.
• Other Business Segment: This segment, which includes hearables, wearables, and Middle East operations, grew by 71% year-over-year to Rs 1,152 million in Q2FY26.
• EBITDA Performance: EBITDA increased by 63% quarter-over-quarter to Rs 184 million, with an EBITDA margin of 11.2%.
• Profit After Tax: PAT saw a substantial increase of 358% quarter-over-quarter to Rs 109 million, with a PAT margin of 6.6%.

Business Diversification and Expansion

IKIO Technologies has successfully diversified beyond its core home lighting business:

• The company has expanded into new product categories, including hearables (such as TWS earphones) and wearables (like smartwatches).
• There's a strong focus on the Middle East market, particularly Dubai, which is showing significant traction.
• The company has expanded globally, with 23% of H1FY26 revenue (Rs 365 million) coming from outside India.

Operational Developments

• A new 2 lakh sq ft manufacturing facility in Noida became operational in May 2024, enhancing the company's export business capabilities and new product development for the domestic market.
• IKIO has installed a 200 KVA solar rooftop panel at the new facility for captive use, aligning with sustainable energy practices.

Future Outlook

The company's growth outlook remains strong, supported by:

• Addition of new customers and products
• Expansion into the Gulf market for product display segment exports
• Continued traction in the US market through its subsidiary, Royallux LLC

Financial Position

As of September 30, 2025:

• Total equity stood at Rs 5,787 million
• Current assets were Rs 4,078 million, including cash equivalents and bank balances of Rs 883 million

IKIO Technologies' performance demonstrates its successful strategy of diversification and global expansion, positioning it well for continued growth in the evolving lighting and consumer electronics markets.

Note: All financial figures are in Indian Rupees (INR) unless otherwise stated.

IKIO Technologies Limited , a leading player in the LED lighting industry, has reported its financial results for the second quarter of FY26, showcasing healthy revenue growth but a contraction in profitability margins.

Revenue Growth Momentum

IKIO Technologies continued to demonstrate strong top-line performance, with Q2 FY26 revenue rising to ₹1.64 billion compared to ₹1.25 billion in the same quarter last year — a 31% year-over-year (YoY) increase. This growth underscores the company’s expanding market presence and continued demand for its LED lighting solutions.

EBITDA and Margin Pressure

The company reported an EBITDA of ₹184 million for Q2 FY26, compared to ₹222 million in Q2 FY25, reflecting a 17% YoY decline. The EBITDA margin dropped to 11%, down from 18% in the previous year, indicating cost pressures and operational inefficiencies despite rising sales.

Profitability Trends

IKIO’s net profit for Q2 FY26 came in at ₹109 million, a decline from ₹129 million in the same period last year, marking a 16% YoY decrease. The decline in profitability, despite revenue growth, points to higher input costs and margin compression across operations.

Financial Highlights

Below is a summary of IKIO Technologies’ key financial metrics for Q2 FY26:

Management Decisions

According to the company’s latest LODR filing, the Board of Directors approved several key measures during the quarter:

1. Approval of the unaudited financial results for Q2 and H1 FY26.
2. Extension of the Internal Auditor’s appointment for an additional six months.
3. Amendment to the Code of Conduct for Prevention of Insider Trading, revising the trading window closure period.

These steps reinforce IKIO Technologies’ focus on maintaining strong governance and transparency.

Outlook

While IKIO Technologies continues to deliver strong revenue growth, the decline in margins and profitability highlights the need for tighter cost controls and efficiency improvements. Sustaining growth while improving operational leverage will be crucial for the company’s long-term success in the competitive LED lighting market.