Izmo ltd. (founded in 1995) is into the business of interactive marketing solutions. The co offers hi-tech automotive e-retailing solutions in North America, Europe, and Asia. They offer sales performance coaching, OEM-certified CRM and ILM Solutions, etc. The co. also owns the world’s largest collection of Automotive Images and Animation and has a client base of some of the largest automotive retail groups in the world. Hughes Precision Manufacturing Ltd. was incorporated in 2016 for the manufacture of defense equipment. It would be a 100% wholly-owned subsidiary of IZMO Ltd shortly.
Financial Results:
- IZMO Ltd reported Revenues for Q1FY24 of ₹41.49 Crores up from ₹34.75 Crore year on year, a rise of 19.4%.
- Total Expenses for Q1FY24 of ₹37.49 Crores up from ₹34.36 Crores year on year, a rise of 9.11%.
- Consolidated Net Profit of ₹5.01 Crores up 138.57% from ₹2.10 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹3.73, up 137.58% from ₹1.57 in the same quarter of the previous year.