IKIO Lighting Limited’s stock experienced a significant surge, hitting the upper circuit limit with a 20% increase, closing at ₹216, up by ₹36.01 from the previous close. The stock opened at ₹182 and reached an intraday high of ₹216, marking its highest intraday gain since its listing.
This remarkable performance comes despite recent financial challenges. The company reported a net profit of ₹59.11 crore on a trailing twelve-month revenue of ₹456.63 crore, with a net profit margin of 12.94%. However, it carries a debt of ₹70.32 crore as of Q2 FY2024-25, offset by a cash balance of ₹187.94 crore. Over the past year, the stock had seen a decline of 21.83%, and a 20.45% drop year-to-date.
The recent surge may be attributed to market reactions following the company’s announcement of its un-audited financial results for the quarter and nine months ended December 31, 2024, during a Board meeting held on February 7, 2025.
Investors are closely monitoring IKIO Lighting’s performance, considering its recent financial disclosures and the stock’s notable volatility.