IZMO
IZMO share price & financials
- Price
- ₹1,124
- Market cap
- ₹1.4k Cr
- Sector
- Information Technology
- Calls analysed
- 3
IZMO Q4 FY26
What went well
- Q4 FY26 Consolidated Revenue reached INR109.16 crores, marking an 82.5% year-on-year increase and 84.7% quarter-on-quarter increase, the highest quarterly revenue in company history.
- Q4 FY26 Net Profit came in at INR17.3 crores, representing a substantial year-on-year improvement.
- Izmomicro achieved a breakthrough in silicon photonics packaging and secured an order book of INR60 crores with an opportunity visibility of over INR100 crores in the next 12 to 18 months.
What to watch
- Other expenses jumped to INR69 crores in Q4 FY26 due to a special project, impacting margins, though management expects this to come down next quarter.
- Izmomicro's Q4 loss was not disclosed, with management stating they could not provide the number offhand.
What IZMO Limited does
IZMO Limited is a multinational technology company built around four operating businesses: izmostock, which runs the world's largest library of rights-managed automotive stock imagery and 3D interactive showroom content; izmoauto/izmocars, a multilingual digital-retail and CRM platform used by automotive OEMs and dealers; FrogData, a decision-analytics and service-operations software suite for the US automotive service market; and izmomicro, an advanced semiconductor packaging unit doing System-in-Package (SiP) and silicon-photonics assembly for electronics, telecom, defense and AI data-centre customers. It earns revenue through SaaS/platform subscriptions, image-library licensing, CRM/analytics fees from OEMs and dealers, and contract packaging orders for semiconductor and photonic components. The company is headquartered in San Francisco with its registered office in Bengaluru, and maintains sales, studio and delivery offices across the US, Europe and India.
Segments
- Izmo Studio
- Izmo Cars
- Frog Data
- Izmo Micro
- Global office locations
- 7 — corporate HQ San Francisco plus offices in Bangalore, Chicago, Paris, Brussels, Cologne and London
- Countries of operation (izmoauto platform)
- 22 countries
- Dealers on izmo platforms worldwide
- 3,000+ dealers
- Automotive stock-image library
- World's largest library of rights-managed automotive stock images, with global coverage
- Semiconductor packaging capabilities
- 3D die stacking, fine-pitch wire bonding, Class 1000 clean room, RF/microwave packaging, power modules, co-packaged optics
- R&D recognition
- Recognized as an R&D Unit by DSIR (Dept. of Scientific and Industrial Research, Govt. of India)
Guidance record · Q4 FY26
what the last two calls moved 11 tracked 1 delivered 2 missed 8 open- Overall Revenue Growth delivered said Q4 FY25 Promised: between 25% to 30% overall growth Q4 FY26: Achieved 26.8% YoY growth for FY26, which is within the original guided range of 25-30%.
- Overall EBITDA Margin missed said Q4 FY25 Promised: between 35% to 40% at least Q4 FY26: Achieved 19.6% for FY26, missing the revised guidance of 20-25% and the original guidance of 35-40%.
- Photonic Circuit Product Launch delayed said Q4 FY25 Promised: Q3 this year, the first product should be coming out Q4 FY26: The product did not launch in Q3 FY26 as targeted. Management now expects the first product to come out in 'the next 3 months' (i.e., Q1/Q2 FY27).
All 11 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue down 9.6%, net profit down 81.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 12 | 12 | 12 | 11 | 11 −7% | 11 −8% | 9 −29% | 10 −10% |
| EBITDA | 1 | 0 | 0 | 0 | 0 −91% | 0 +350% | -2 −1629% | 0 −93% |
| Net profit | 24 | 0 | 0 | 0 | 0 −99% | 0 −80% | -0 −311% | 0 −81% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +15.5% 1Y
1Y: ₹785.35 on 10 Sept 2025 → ₹906.8. High ₹1,348.7 (26 Sept 2025), low ₹573.7 (1 Feb 2026).
How the price took the results
close before → close after
- Q4 FY26
- +5.0%
- 2 Jun
- Q2 FY26
- +5.0%
- 17 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue fell 29.7% a year over 3 years, FY23 to FY26. Operating margin narrowed to -3.8%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹120 Cr | ₹43 Cr | ₹47 Cr | ₹42 Cr |
| Operating profit | ₹17 Cr | ₹2 Cr | ₹1 Cr | ₹-2 Cr |
| Operating margin | 14.2% | 3.6% | 2.1% | -3.8% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Depreciation | ₹8 Cr | ₹1 Cr | ₹1 Cr | ₹2 Cr |
| Net profit | ₹12 Cr | ₹0 Cr | ₹24 Cr | ₹0 Cr |
| Net margin | 10.1% | 0.5% | 52.1% | 0.3% |
| Cash from operations | ₹1 Cr | ₹-2 Cr | ₹-32 Cr | ₹-5 Cr |
| Free cash flow | ₹0 Cr | ₹-3 Cr | ₹-1 Cr | ₹-9 Cr |
| ROCE | 0.5% | 0.7% | 0.7% | 0.6% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹14 Cr | ₹15 Cr | ₹15 Cr |
| Reserves | ₹157 Cr | ₹157 Cr | ₹158 Cr | ₹165 Cr | ₹365 Cr | ₹200 Cr |
| Borrowings | ₹6 Cr | ₹1 Cr | ₹2 Cr | ₹2 Cr | ₹7 Cr | ₹5 Cr |
| Other liabilities | ₹9 Cr | ₹11 Cr | ₹11 Cr | ₹19 Cr | ₹81 Cr | ₹16 Cr |
| Total liabilities | ₹184 Cr | ₹182 Cr | ₹184 Cr | ₹199 Cr | ₹467 Cr | ₹236 Cr |
| Fixed assets | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹5 Cr | ₹284 Cr | ₹4 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹160 Cr | ₹160 Cr | ₹160 Cr | ₹160 Cr | ₹0 Cr | ₹161 Cr |
| Other assets | ₹18 Cr | ₹16 Cr | ₹19 Cr | ₹34 Cr | ₹184 Cr | ₹70 Cr |
| Total assets | ₹184 Cr | ₹182 Cr | ₹184 Cr | ₹199 Cr | ₹467 Cr | ₹236 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs trimmed −0.83 pp while the public added +0.75 pp. The shareholder count grew 35% to 30,738.
- Promoters
- 34.8%
- FIIs
- 3.4%
- DIIs
- 0.5%
- Public
- 61.3%
Since Jun 2025
- FIIs −0.83 pp
- Public +0.75 pp
- DIIs +0.24 pp
How it drifted, 12 quarters
Over this window the public fell from 70.3% to 61.3% — −8.9 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 28.6%, FIIs 1.2%, Public 70.3%.Dec '23: Promoters 28.5%, FIIs 1.2%, Public 70.3%.Mar '24: Promoters 31.9%, FIIs 2.4%, Public 65.7%.Jun '24: Promoters 31.8%, FIIs 4.3%, Public 63.9%.Sep '24: Promoters 31.8%, FIIs 4.3%, Public 63.9%.Dec '24: Promoters 35.0%, FIIs 4.3%, Public 60.6%.Mar '25: Promoters 35.0%, FIIs 4.3%, Public 60.7%.Jun '25: Promoters 35.0%, FIIs 4.2%, DIIs 0.3%, Public 60.6%.Sep '25: Promoters 35.0%, FIIs 3.3%, DIIs 0.8%, Public 60.9%.Dec '25: Promoters 34.8%, FIIs 3.3%, DIIs 0.5%, Public 61.4%.Mar '26: Promoters 34.8%, FIIs 3.3%, DIIs 0.5%, Public 61.5%.Jun '26: Promoters 34.8%, FIIs 3.4%, DIIs 0.5%, Public 61.3%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Rajeev Kumar Gupta +0.42 pp 2.57% held
- Ravi Trilochan Bhatia +0.12 pp 1.66% held
The same filing shows 2 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of IZMO Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Kiran Soni | 16.10% | unchanged |
| Shashi Soni | 15.01% | unchanged |
| Sanjay Soni | 3.68% | unchanged |
| Passage To India Master Fund Limited FPI fund | 3.24% | unchanged |
| Rajeev Kumar Gupta | 2.57% | +0.42 pp |
| Kanchana Rao | 2.26% | −0.62 pp |
| Ravi Trilochan Bhatia | 1.66% | +0.12 pp |
| Manjunath S | 1.04% | unchanged |
| Vijay Gupta | 1.02% | −0.27 pp |
| Dheeraj Kumar Lohia | 1.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (3)
Read the Q4 FY26 call →Learn to analyse IZMO Limited
Guides on how to read this kind of business and the numbers that matter.