Consumer electronics company IKIO Lighting announced Q1FY24 results: Revenue from operations stood at Rs 1,084 million in Q1FY24 and Rs 3,588 million in FY23 Profitability maintained with an EBITDA margin of 21.7% in Q1FY24 and 22.3% in FY23 Healthy return ratios with RoE at 35.2% and RoCE of 28.3% for FY23 With the repayment of debt from the IPO proceeds, the company remains net debt negative ODM Lighting Solutions: Grew in line with our expectations Customized Lighting Solutions: Despite the slowdown in the organized Retail Industry, IKIO continued its growth trajectory with ~25% YoY in Q1FY24 Exports: The inventory clearances in the USA impacted deliveries in May and June 2023. However, regular deliveries have commenced from Aug 2023 onwards Result PDF