Your Directors are pleased to present 30th Annual Report together with Audited Financial Statements
for the Financial Year ended March 31, 2025.
Consolidated financial statements of accounts for the year ended 31st March, 2025
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Particulars
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2024-25
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2023-24
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Revenue from Operations
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22,461.01
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18,674.83
|
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Other Income
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3,525.91
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334.27
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Total Revenue
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25,986.92
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19,009.10
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Direct cost of operations
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464.71
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405.89
|
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(Increase)/Decrease in Stocks/WIP
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(21.05)
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4.95
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Employee Benefit Expenses
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11,211.75
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8,424.96
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Financial Expenses
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100.77
|
97.04
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Depreciation
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1,644.30
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1,543.67
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Other Expenses
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6,974.98
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5,849.51
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Total Expenses
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20,375.45
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16,326.02
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Profit/ (Loss) before Tax & Exceptional Item
|
5,611.47
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2,683.08
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Exceptional or Extraordinary Items
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239.24
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--
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Profit/ (Loss) before Tax
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5,372.23
|
2,683.08
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Provision for Taxation
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(510.55)
|
(83.11)
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MAT Credit/ Taxes of earlier years
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(0.07)
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(2.50)
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Deferred Tax
|
26.42
|
7.59
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Profit / (Loss) after Tax
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4,888.03
|
2,605.06
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Other Comprehensive Income
|
5.68
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10.18
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Total Comprehensive Income for the year
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4,893.71
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2,615.24
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Performance on a Consolidated Basis
The Company's performance in FY24-25 has shown a significant improvement over the previous year.
On a consolidated basis, the revenue from operations has increased by nearly 20% and crossed Rs.
250 crores for the first time since the company's inception. Profit after Tax is nearly Rs. 49 crores. This
is the highest in the company's history.
izmo Microsystems Pvt. Ltd., the new subsidiary has already started contributing to the topline of
the company. This subsidiary is expected to be the growth engine for the company going ahead as it
combines software expertise in Al with hardware using advanced semiconductor packaging expertise
offering unique solutions to clients in various sectors.
There has been a sharp increase in the Employee Benefit expenses due to additional manpower being
hired as well as increments given to the employees. We do not expect this trend to continue as the
company is using Al tools to increase productivity without increasing headcount. -
Standalone Financials
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Particulars
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2024-25
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2023-24
|
|
Revenue from Operations
|
4,685.64
|
4,261.94
|
|
Other Income
|
3,219.80
|
113.50
|
|
Total Revenue
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7,905.44
|
4,375.44
|
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Direct cost of operations
|
165.32
|
405.88
|
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(Increase)/Decrease in Stocks/WIP
|
--
|
4.95
|
|
Employee Benefit Expenses
|
3,646.59
|
3,037.02
|
|
Financial Expenses
|
23.05
|
27.74
|
|
Depreciation
|
141.19
|
143.49
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|
Other Expenses
|
773.41
|
661.38
|
|
Total Expenses
|
4,749.55
|
4,280.47
|
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Profit/ (Loss) before Tax & Exceptional Item
|
3,155.89
|
94.97
|
|
Exceptional or Extraordinary Items
|
239.24
|
--
|
|
Profit/ (Loss) before Tax
|
2,916.65
|
94.97
|
|
Provision for Taxation
|
(501.28)
|
(80.76)
|
|
MAT Credit/ Taxes of earlier years
|
(0.07)
|
(2.50)
|
|
Deferred Tax
|
28.11
|
7.36
|
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Profit / (Loss) after Tax
|
2,443.40
|
19.07
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|
Total Other Comprehensive Income
|
5.68
|
10.18
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|
Total Comprehensive Income for the period
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2,449.07
|
29.25
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Performance
The Company's sales on a standalone basis have shown an increase of nearly 10% over the previous
year. There has been a sharp increase in Other Income due to the sale of the company's land parcel.
Analysis of Expenses
Employee benefit expenses have shown a 20% increase over the previous year. This is primarily due to
the annual salary hike given to the employees as well as addition of new employees.
The company's other expenses have increased slightly as compared to the previous year.
Profitability
The company's profitability has improved significantly due to the increase in Other Income. The Profit
After Tax is around Rs. 25 crores which is the highest ever in the company's history.
Dividend
In order to augment the ongoing expansion programs, the Directors have decided to plough back the
profits into the system and regret inability to recommend dividend.
Internal Control Systems
Your company maintains robust internal control systems, appropriate to its scale and operations.
The company recently earned ISO 27001:2022 certification, the globally recognized standard for
Information Security Management Systems (ISMS), covering all its products, platforms, and consulting
services.
izmo's internal control systems have been designed to ensure reliable financial and operational
reporting, compliance with regulations, safeguarding of assets, proper authorization of transactions,
and adherence to corporate policies. The framework is reinforced by regular management reviews,
documented procedures, and internal audits.
An active audit committee oversees this process, reviewing internal audit reports, engaging with
statutory auditors on control adequacy, and monitoring the implementation of improvement
measures, izmo acknowledges and appreciates the unwavering support and cooperation of its
employees in upholding these standards.
Human Resources
Employee relations remained excellent during the period under review. The company would like
to record its appreciation to its employees and their wholehearted support and cooperation in
maintaining the organization's high standards of excellence across all operational divisions.
Risk Management and Operational Considerations
Market Concentration Risk
While the automotive sector represents a significant portion of current operations, the company's
expansion into semiconductors provides important diversification into high-growth technology
markets.
Technology Evolution
Continued investment in R&D across all divisions ensures the company remains at the forefront
of technological advancement in its respective markets, particularly in emerging areas like silicon
photonics and Al-driven analytics.
Scaling Challenges
The ambitious growth targets will require continued operational excellence and potentially additional
strategic acquisitions or partnerships, building on the successful integration of Geronimo Web Ltd.
Financial Performance with Respect to Operational Performance
Discussion on financial performance with respect to operational performance is available in detail in
the beginning pages of the board's report of this annual report.
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