IKIO Lighting Ltd
NSE:IKIO
IKIO Lighting Ltd
IKIO Lighting Ltd. engages in the manufacture of light emitting diode (LED) lighting solutions. The company is headquartered in Noida, Uttar Pradesh and currently employs 762 full-time employees. The company went IPO on 2023-06-16. The firm is a provider of light-emitting diode (LED) lighting, electronics, refrigeration lighting, hardware, and recreational vehicle (RV) components. The Company’s LED lighting offering focuses on the premium segment and includes lighting, fittings, fixtures, accessories, and components. The firm is engaged in rotary switch manufacturing for customers. The firm provides well-fabricated refrigeration lights and controls for glass doors and open refrigerators to the soft drink and beverage market. The firm provides lighting solutions (lights, drivers, and controls) to commercial refrigeration equipment suppliers under its refrigeration light segment. The firm provides various components such as LED lights, solar panels, connectors, accessories, acrylonitrile butadiene styrene (ABS) drainage pipes, and more to the recreational vehicle market.
IKIO Lighting Ltd. engages in the manufacture of light emitting diode (LED) lighting solutions. The company is headquartered in Noida, Uttar Pradesh and currently employs 762 full-time employees. The company went IPO on 2023-06-16. The firm is a provider of light-emitting diode (LED) lighting, electronics, refrigeration lighting, hardware, and recreational vehicle (RV) components. The Company’s LED lighting offering focuses on the premium segment and includes lighting, fittings, fixtures, accessories, and components. The firm is engaged in rotary switch manufacturing for customers. The firm provides well-fabricated refrigeration lights and controls for glass doors and open refrigerators to the soft drink and beverage market. The firm provides lighting solutions (lights, drivers, and controls) to commercial refrigeration equipment suppliers under its refrigeration light segment. The firm provides various components such as LED lights, solar panels, connectors, accessories, acrylonitrile butadiene styrene (ABS) drainage pipes, and more to the recreational vehicle market.
Revenue Growth: IKIO Technologies reported Q3 FY'26 revenue of INR 146 crores, up 20% year-on-year. 9-month FY'26 revenue reached INR 430 crores, a 15% increase year-on-year.
Margin Expansion: EBITDA margin rose to 15% in Q3, up 280 bps YoY and 383 bps QoQ, driven by operational efficiencies and higher revenue from new product segments.
Segment Diversification: 'Other businesses' segment (beyond home lighting) grew 33% YoY in Q3 and now makes up 70% of quarterly revenue, reflecting successful diversification.
Exports & Middle East: Revenue outside India surged 57% YoY to INR 90 crores for 9 months, with strong momentum in the Middle East offsetting weakness in the US due to tariff issues.
Manufacturing Expansion: Block II of the new facility is ready for operational activities and expected to commence by Q1 FY'27, focusing on hearables, wearables, and automotive lighting.
Strategic Investments: 88% stake acquired in Gravus Tech to boost premium lighting marketing and distribution; IPO proceeds nearly fully deployed as planned.
PLI Scheme Benefit: Company expects to benefit from the government PLI scheme from next year, potentially adding INR 5–6 crores.
