IZMO Ltd-$ — Q4 FY26 earnings call
Summary generated by AI from the official transcript IZMO Ltd-$ filed with BSE on 08 Jun 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
IZMO Limited reported consolidated Q4 FY26 revenue of Rs 109.16 crore, up 82.5% year-on-year, with net profit of Rs 17.3 crore, while full year FY26 revenue was Rs 284.88 crore, up 26.8% from FY25. Management attributed the quarterly jump to a large project with pass-through revenue and expenses, growth in izmomicro's order book, and expansion in automotive software and FrogData businesses. The company also outlined progress in silicon photonics packaging, defense electronics orders, and plans to raise capital for capacity expansion in FY27.
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Numbers mentioned
Consolidated revenue: INR109.16 crores (Q4 FY26)
p. 5
“We reported a consolidated revenue of INR109.16 crores, an 82.5% year-on-year increase and 84.7% quarter-on-quarter increase.”
Sanjay Soni, page 5 of the filed PDF · View the filing
Net profit: INR17.3 crores (Q4 FY26)
p. 6
“Net profit for the quarter came in at INR17.3 crores representing a substantial year-on-year improvement.”
Sanjay Soni, page 6 of the filed PDF · View the filing
Consolidated revenue: INR284.88 crores (FY26)
p. 6
“For the full year FY26, we reported consolidated revenues of INR284.88 crores reflecting a 26.8% growth year-on-year from INR224.61 crores in FY25.”
Sanjay Soni, page 6 of the filed PDF · View the filing
Consolidated net profit: INR47.56 crores (FY26)
p. 6
“Consolidated net profit for FY26 was INR47.56 crores, broadly in line with the prior year's.”
Sanjay Soni, page 6 of the filed PDF · View the filing
izmomicro order book: INR60 crores
p. 4
“We have an order book position of INR60 crores with an opportunity visibility of over INR100 crores in the next 12 to 18 months.”
Sanjay Soni, page 4 of the filed PDF · View the filing
izmomicro order book: INR40 crores
p. 8
“We have around INR40 crores for izmoMicro and the pipeline is around INR100 crores.”
Sanjay Soni, page 8 of the filed PDF · View the filing
Other expenses: INR69 crores (Q4 FY26)
p. 9
“we can see the jump in other expense to around INR69 crores”
Prasenjit Paul, page 9 of the filed PDF · View the filing
izmomicro revenue: INR18-19 crores (FY26)
p. 8
“That's -- we did around, I think, INR18 crores to INR19 crores last year.”
Sanjay Soni, page 8 of the filed PDF · View the filing
Current izmomicro facility capacity: INR150 crores top line
p. 12
“Our capacity is around INR150 crores top line, which we can do with the current facility.”
Sanjay Soni, page 12 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
izmomicro revenue — INR45 crores to INR50 crores · FY27
stated firmly by Sanjay Soni
p. 8
“We are expecting around INR50 crores this year in FY27 from Izmomicro, specifically. I would say between INR45 crores to INR50 crores.”
Sanjay Soni, page 8 of the filed PDF · View the filing
Blended EBITDA margin — 20% to 25% · FY27
stated conditionally by Sanjay Soni
p. 9
“I think we should achieve between 20% to 25% going forward.”
Sanjay Soni, page 9 of the filed PDF · View the filing
Blended EBITDA margin — 30% plus · FY27/FY28
stated as an aspiration by Sanjay Soni
p. 15
“Around 30% plus.”
Sanjay Soni, page 15 of the filed PDF · View the filing
EBITDA margin from new capacity — 35% plus
stated as an aspiration by Sanjay Soni
p. 14
“That should be around 35% plus.”
Sanjay Soni, page 14 of the filed PDF · View the filing
Capacity utilization ramp — 20%, 45%, 80%
stated as an aspiration by Sanjay Soni
p. 14
“See, we are looking at 20%, going up to 45%, going up to 80% phased -- in a phased manner.”
Sanjay Soni, page 14 of the filed PDF · View the filing
Capex fundraise — INR150 crores · FY27
stated firmly by Sanjay Soni
p. 16
“We are raising around INR150 crores mostly for capex. So I think around INR125 crores will be capex and INR25 crores will be working capital.”
Sanjay Soni, page 16 of the filed PDF · View the filing
External funding decision — next 30 to 45 days
stated conditionally by Sanjay Soni
p. 10
“I think in the next 30 to 45 days, we'll have a clear picture on which is the route we'll take and how much of equity, how much of debt.”
Sanjay Soni, page 10 of the filed PDF · View the filing
izmomicro revenue — INR1,200 cores to INR1,500 crores · after 5 years
stated as an aspiration by Sanjay Soni
p. 18
“After 5 years, I think INR1,200 cores to INR1,500 crores.”
Sanjay Soni, page 18 of the filed PDF · View the filing
Expanded capacity top line — INR1,200 crores
stated conditionally by Sanjay Soni
p. 12
“After the expansion, it will take us to around INR1,200 crores top line, addressable top line.”
Sanjay Soni, page 12 of the filed PDF · View the filing
New capex project implementation — Q2/Q3 of FY27-28
stated firmly by Sanjay Soni
p. 11
“We will expect to implement the project by next -- middle of next year. So from of Q2 of FY27, '28, you start seeing -- Q3, you'll start seeing the revenue flowing in.”
Sanjay Soni, page 11 of the filed PDF · View the filing
Revenue growth — FY27
stated as an aspiration by Sanjay Soni
p. 16
“At least if I may not be -- I mean, will be challenging, but we definitely are looking at 20%, 25%.”
Sanjay Soni, page 16 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said margins would improve as izmomicro scales and cost structure stays constant while revenue grows
Answered by Sanjay Soni
Asked by Raman Kerti: Whether margin decline this quarter would normalize going forward
p. 7
“I think the margins will increase because we are expensing a lot of cost today Izmomicro during the growth phase.”
Sanjay Soni, page 7 of the filed PDF · View the filing
Management said there is no domestic competition, though global players exist
Answered by Sanjay Soni
Asked by Gaurav Shukla: What is the competition level for IZMO's packaging business
p. 9
“In India, we don't have competition, as of now.”
Sanjay Soni, page 9 of the filed PDF · View the filing
Management said the expense was linked to a special project and would decline next quarter
Answered by Sanjay Soni
Asked by Prasenjit Paul: Whether the elevated other expenses of Rs 69 crore would continue
p. 9
“No, it will come down because we have done a special project for a group of clients.”
Sanjay Soni, page 9 of the filed PDF · View the filing
Management said the order book would take 9 months and gave capacity figures pre- and post-expansion
Answered by Sanjay Soni
Asked by Ansh Gupta: How long will it take to execute the current order book and what is capacity utilization
p. 12
“The current order book of around INR40 crores will take us 9 months to execute.”
Sanjay Soni, page 12 of the filed PDF · View the filing
Management explained packaging cost rises as a share of total cost moving from OSAT to advanced packaging to silicon photonics
Answered by Sanjay Soni
Asked by Jainam Ranka: What proportion of chip cost does packaging represent across segments
p. 14
“Packaging cost is 8% to 10% of the overall chip cost. When you go to advanced packaging where we are, it goes to 50% of the cost is packaging. When you go to silicon photonics, 80% of the cost is the packaging.”
Sanjay Soni, page 14 of the filed PDF · View the filing
Management said they were finalizing technology and machine choices before starting the fundraise process
Answered by Sanjay Soni
Asked by Patrik: Why did the planned capex fundraise take 6 months without progress
p. 17
“We were firming up the whole plan. There were a lot of changes we had made because looking at which technology to go for, which machines to go for.”
Sanjay Soni, page 17 of the filed PDF · View the filing
Management estimated an 80/20 split favoring advanced packaging currently
Answered by Sanjay Soni
Asked by Paras Chheda: What proportion of izmomicro revenue will come from photonics versus advanced packaging
p. 19
“It should be around 80, 20, 80% from advanced packaging and 20% from photonics, which will keep growing.”
Sanjay Soni, page 19 of the filed PDF · View the filing
Management said the market was sluggish for two quarters before a recent resurgence
Answered by Sanjay Soni
Asked by Deepak: Reason for flat FrogData revenue over the past year
p. 20
“It was flat in between for 2 quarters, and the market was a bit sluggish, but we are seeing again a resurgence in the last quarter and very strong order pipeline going forward.”
Sanjay Soni, page 20 of the filed PDF · View the filing
Risks flagged
Elevated trade receivables due to slow payment cycles from large clients
p. 19
“It's actually 100 days, 110 days of this thing, which is very normal because we are very large clients like Hertz, Stellantis, Avis they paid in 4 months, 5 months.”
Sanjay Soni, page 19 of the filed PDF · View the filing
Complexity and small scale limiting ability to rapidly grow silicon photonics packaging
p. 7
“But being very highly complex, it's not so easy to scale up either.”
Sanjay Soni, page 7 of the filed PDF · View the filing
Uncertainty in financing structure for planned capex expansion
p. 10
“It's still not frozen. We are talking to a lot of potential investors.”
Sanjay Soni, page 10 of the filed PDF · View the filing
FrogData revenue was flat due to a sluggish market for two quarters
p. 20
“It was flat in between for 2 quarters, and the market was a bit sluggish”
Sanjay Soni, page 20 of the filed PDF · View the filing
Possibility of larger companies entering the packaging segment in future
p. 13
“It's possible. We don't say no. Anything is possible.”
Sanjay Soni, page 13 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.