IZMO Limited Q2 FY27 Revenue Rises 10.4% to ₹66.35 Crore

IZMO Limited reported consolidated revenue of ₹66.35 crore for Q2 FY27, up 10.4% year on year and 1.5% sequentially, while consolidated net profit was ₹12.50 crore. The November 13, 2026 board meeting also approved an ESOP share allotment and a fresh grant of employee stock options.

What did IZMO report for Q2 FY27?

IZMO Limited reported consolidated revenue of ₹66.35 crore and consolidated net profit of ₹12.50 crore for the quarter ended September 30, 2026. The figures were approved by the board at its meeting held on November 13, 2026, following the board-meeting notice filed on November 5.

The company described the results as unaudited standalone and consolidated financial results for the second quarter and first half of FY27. Revenue growth remained positive on both quarterly and annual comparisons, while profit rose modestly from the preceding quarter but was marginally lower than the year-earlier quarter.

The Q2 outcome matters because it provides the first half-year update after IZMO's strong first-quarter performance. It also brings attention to capital and employee-incentive actions taken by the board alongside the financial results.

How did IZMO's Q2 FY27 performance compare with earlier periods?

IZMO's Q2 FY27 consolidated revenue increased 1.5% quarter on quarter and 10.4% year on year to ₹66.35 crore. Consolidated net profit increased 2.5% from the previous quarter but declined 0.5% from the corresponding quarter of the previous year to ₹12.50 crore.

For context, IZMO had reported revenue from operations of ₹65.38 crore in Q1 FY27, with profit after tax of ₹12.20 crore. That quarter's revenue was up 15.7% year on year and its profit after tax was up 103.1% year on year, according to the company's earlier disclosure.

The sequential comparison shows revenue moving from ₹65.38 crore in Q1 FY27 to ₹66.35 crore in Q2 FY27. Profit similarly moved from ₹12.20 crore to ₹12.50 crore. The annual comparison for Q2, however, shows that profit growth did not keep pace with the 10.4% rise in revenue.

What ESOP actions did IZMO's board approve?

IZMO's board allotted 50,726 equity shares under its employee stock option arrangements and granted 116,050 options at ₹10 each. Following the allotment, the company's paid-up share capital increased to ₹15.03 crore.

The action follows a prior ESOP allotment approved in August 2026. On that occasion, IZMO allotted 17,745 fully paid-up equity shares of ₹10 each under its ESOP 2013, taking paid-up share capital from ₹14.96 crore to about ₹14.98 crore.

Employee stock options are part of the company's employee compensation structure. IZMO's Q1 FY27 employee-benefit expense included ₹0.82 crore of expense recognised for stock options offered under ESOP schemes over their vesting period. The company had reported ₹0.98 crore of such expense in Q1 FY26.

What did the limited-review reports note?

The limited-review reports noted that certain balances were pending confirmation and reconciliation. The disclosure identifies this matter in connection with the review reports but does not provide a quantified financial effect in the information available.

Such observations are relevant for investors reading interim results because quarterly financial statements are subject to limited review rather than a full annual audit. IZMO's disclosure does not state that the pending confirmations and reconciliations changed the reported Q2 revenue or net profit figures.

The company had also released limited-review reports with its Q1 FY27 unaudited results. Those Q1 results were reviewed by the audit committee and approved by the board on August 14, 2026, as disclosed by IZMO.

How does the Q2 update affect investors and company tracking?

IZMO's Q2 result gives investors a current measure of revenue and profit after the first half of FY27. Revenue increased on both comparison bases, while the small year-on-year decline in net profit means that sales growth was not matched by annual profit growth during the quarter.

The ESOP allotment and option grant are also relevant to shareholders because they increase the number of shares issued or potentially issuable under employee incentive plans. The reported paid-up share capital of ₹15.03 crore reflects the latest allotment disclosed with the Q2 board outcome.

No share-price movement, revised business guidance, dividend decision, or new operating target was disclosed in the material provided. Investors therefore have reported financial performance, capital actions, and the limited-review observation, but no company-provided projection for the remainder of FY27.

Conclusion

IZMO Limited closed Q2 FY27 with consolidated revenue of ₹66.35 crore, reflecting 10.4% year-on-year growth, and net profit of ₹12.50 crore. The board's ESOP actions raised paid-up share capital to ₹15.03 crore, while the limited-review reports recorded certain balances that remain pending confirmation and reconciliation.

The next points to monitor are IZMO's subsequent financial disclosures, the treatment or resolution of the balances cited in the limited-review reports, and any further disclosures on the 116,050 options granted at ₹10 each. The source material does not disclose a revised FY27 target or a scheduled operating update beyond the Q2 results announcement.