Transcript of Q1 FY27 Earning Call Transcript

IKIO TECHNOLOGIES LIMITED (Formerly known as IKIO LIGHTING LIMITED) (CIN.:L31401DL2016PL.C292884) & II(ID Regd. Office: Corp. Office : Works : @ 411, Arunachal Building, Q PlotNo. 10, Sector 156 | @ Plot no. 102,Sector-07, IIE, Innovations Only 19 Barakhamba Road, Noida (GB Nagar)-201307 | Sideul Haridwar 249403 Cannaught Place New Delhi-110001 India Date: - 14" August, 2026 BSE Limited The National Stock Exchange of India Dalal Street, Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Mumbai 400 001 G Block, Bandra-Kurla Complex, Scrip Code: 543923 Bandra (East), Mumbai 400 051. Symbol: IKIO Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015— Transcript of Q1 FY27 Results Conference Call Dear Sir/Ma’am, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the transcript of the Results Conference Call for Q1 FY27 held on Tuesday, 11" August, 2026 is attached. The same is also hosted on the Company's website at https://ikiotech.com You are requested to take the same on record. Thanking You, For IKIO Technologies Limited Sandeep Kumar Agarwal Company Secretary & Compliance Officer web. www.ikiotech.in Email: info@ikiotech.com Tel. No. 0120-5106867 “IKIO Technologies Limited Q1 FY’27 Earnings Conference Call” August 11, 2026 MANAGEMENT: MR. SANJEET SINGH – WHOLE-TIME DIRECTOR, CHIEF EXECUTIVE OFFICER & CHIEF FINANCIAL OFFICER, IKIO TECHNOLOGIES LIMITED Page 1 of 16 IKIO Technologies Limited August 11, 2026 Moderator: Ladies and gentlemen, good day and welcome to the IKIO Technologies Limited Q1 FY’27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing “*” then “0” on your touch- tone phone. Please note that this call is being recorded. I now hand the conference over to Mr. Suyash Samant from Stellar Investor Relations Advisors. Thank you and over to you, sir. Suyash Samant: Thank you. Good afternoon everyone and thank you for joining us today. We have with us today the senior management team of IKIO Technologies Limited, Mr. Sanjeet Singh – Whole-Time Director, CEO and CFO who will represent IKIO Technologies Limited on the call. The Management will be sharing the key operating and financial highlights for the quarter ended 30th June 2026, followed by a question-and-answer session. Please note this call may contain some of the forward-looking statements which are completely based upon the company’s beliefs, opinions and expectations as of today. These statements are not a guarantee of the company’s future performance and involve unforeseen risks and uncertainties. The company also undertakes no obligation to update any forward-looking statements to reflect developments that occur after a statement is made. I now hand over the conference to Mr. Sanjeet Singh. Thank you and over to you, sir. Sanjeet Singh: Thank you all for joining the Q1 FY’27 Earnings Call. Our Presentation has been uploaded on the Stock Exchange and I hope you have had a chance to look at it. I would like to briefly touch upon the strategic progress we are making at IKIO and the performance during the quarter. Our focus continues to be on reducing our reliance on the traditional home lighting ODM business and building a more diversified portfolio across Lighting, Hearables and Wearables, Energy Solutions, Electronic Components, Automotive Lighting and other technology-led products. This strategy is steadily changing our revenue mix, with the other businesses becoming an increasingly important growth engine for the company. Global expansion remains another important pillar of our growth strategy. We now have presence across 20 plus countries while we remain focused on further diversifying and reducing our dependence on any single geography. Our key focus area has also been strengthening our manufacturing capabilities. Our new facilities are being developed to support new age products, exports and greater backward integration .Block 1comprising approximately 2 lakh square feet is already operational while Block 2 has been partially commercialized in Q2 FY’27. Page 2 of 16 IKIO Technologies Limited August 11, 2026 Construction of Block 3 is progressing as planned. Together, these blocks will provide significant additional capacity to support our expanding product portfolio and future growth. This capacity expansion is complemented by our strong in-house R&D and backward integration capabilities.With over 3000 SKUs, an in-house R&D and product design team and capabilities spanning design, tooling, component manufacturing, assembly and testing, we are increasingly positioned to participate in higher value manufacturing opportunities. Coming to our financial performance: The revenue from operations grew 41% year-on-year to Rs.169 crores in Q1 FY’27, supported by continued momentum across our diversified business portfolio. The growth reflects strong traction in the other business, improving momentum in home lighting ODM and an expanding contribution from international markets. The other businesses has delivered a strong growth trajectory, recording an approximately 54% CAGR over FY’23-FY’26. This momentum continued in Q1 FY’27, with revenue growing 53% year-on-year to Rs. 124 crores, driven by continued traction from new customers and across our expanding product portfolio. Revenues were, however, marginally lowered sequentially amid global trade tensions.At the same time, our home lighting ODM business continued to improve, with revenue of Rs. 45 crores in Q1 FY’27, up 16% year-on-year and 18% Q-on-Q, reflecting improving business momentum and new customer additions. Moving to profitability: EBITDA increased 94% year-on-year to Rs.22 crores, with EBITDA margin improving to 13% from 9.4% in Q1 of last year. PAT increased to Rs. 11 crores from Rs.2 crores in the same quarter last year. The improvement in profitability was primarily driven by revenue growth and operating leverage. Sequentially, however, profitability was impacted by higher raw material prices arising from war-led supply chain disruptions and higher employee expenses following the revision in minimum labor wages. We are engaging with our customers on pricing and expect these pressures to normalise in the coming quarters as revenue scale and operating leverage kicks in. Overall, we believe the quarter demonstrates the progress we are making in diversifying our revenue base, expanding our global footprint and building capacity ahead of the next phase of growth. The continued scaling of other business, recovery in home lighting ODM, new customer additions and the commissioning of additional manufacturing capacity provide a strong foundation for the company’s growth going forward. As we move ahead, our focus will remain on expanding into new products and adjacencies, strengthening our international presence, improving operational efficiencies and leveraging our expanded manufacturing and backward integration capabilities. With that, we conclude the presentation and request the moderator to open the floor for Q&A. Page 3 of 16 IKIO Technologies Limited August 11, 2026 Moderator: Thank you very much. We will now begin the question-and-answer session. The first question is from the line of Mayank Agarwal from Scientific Investing. Please proceed with your question. Mayank Agarwal: Thank you for the opportunity and congratulations on the good set of numbers. I have a couple of questions. The first question is regarding the margin trajectory. Given the current quarter headwinds in the geopolitical scenario and manpower expansion, how do you see the margin trajectory going ahead once the normalization has been done and the operating [Showing first 8,000 characters — download PDF for full document]