A global powerhouse in automotive interactive marketing solutions has further strengthened its digital footprint through a strategic acquisition of Geronimo Web, a move set to enhance its digital marketing programs for automotive manufacturers and dealers. This acquisition, valued at 1.2M GBP, promises to unlock new market opportunities and expand the company’s client base in the automotive sector.
Share Price Movement
The share price of IZMO Limited went down by 4.03 percent to Rs. 445 per share on Wednesday, a decrease from its previous close of Rs. 463.70 per share. The market capitalisation now stands at approximately Rs. 629 crore as of January 22, 2025.
Recent Update
IZMO has strategically acquired Geronimo Web to strengthen and expand its digital marketing capabilities for automotive OEMs and dealers. This acquisition positions Izmo to access new clients, tap into emerging markets, and enhance its portfolio of innovative marketing solutions.
Geronimo Web brings a turnover of 1.2M GBP (Rs. 12.6 Cr), reflecting its strong foothold in the industry. IZMO is a global leader in automotive interactive marketing solutions.
Financial Highlights
The company achieved strong growth in FY2024, with revenue increasing by 21.4% to Rs. 187 crore from Rs. 154 crore in FY2023 and profits rising by 30% to Rs. 26 crore from Rs. 20 crore in FY2023.
Also read….
Competitors
IZMO Ltd operates in the IT consulting and software industry, competing with companies like IRIS Business Services, Mindteck, Alphalogic Techsys, and Rakuten India, among others, in a diverse and competitive market landscape.
IZMO is currently trading at a P/E of 12.65, which is less than the industry P/E of 40.01.
Market Outlook
The automobile industry in India is set for robust growth, driven by rising middle-class incomes, a young population, and increasing demand for electric vehicles (EVs). With projected global EV market growth to $1,318 billion by 2028 and significant FDI inflows exceeding $36 billion, India is emerging as a global EV hub.
Policies like the PM E-DRIVE scheme and FAME extension further accelerate this shift, positioning India as a leader in shared mobility and green technology by 2030.
Written By Fazal Ul Vahab C H
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
