US tariff uncertainty impacting exports
Exports to the US are minimal due to tariff uncertainty; management is liquidating existing stocks and hopes for improvement but no clear timeline.
IKIO / Q3-FY26 / risks
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IKIO Technologies · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
Standalone business weakness
Standalone numbers appeared weaker due to reliance on a single ODM customer; management is rejigging verticals but no concrete plan shared yet.
Slow ramp-up in automotive and wearable segments
Automotive lighting is just starting deliveries with small volumes; wearable segment utilization may take time to reach optimal levels.
Block two facility delays due to NGT issues
Construction was delayed due to NGT restrictions; management expects commercialization in Q1 FY27 but further delays possible.