Optiemus Infracom reported a robust Q2 FY27, with operating revenue surging 135% YoY to Rs 983 crore and PAT rising 25% to Rs 21 crore. The company raised its long-term revenue targets for FY28 and FY29, driven by strategic expansions in screen protectors, a new JV with CMF by Nothing, and its ongoing collaboration with Corning. Plans to raise Rs 200 crore via securities were also announced to fund these growth initiatives.
Optiemus Infracom Reports 135% Revenue Surge, Upgrades Long-Term Outlook
Operating Revenue reached Rs 983.17 crore compared to Rs 418.27 crore in Q2 FY26. PAT stood at Rs 21.01 crore, reflecting a 25% year-on-year increase.
Reader Takeaway: Strong smartphone manufacturing growth and new strategic JVs drive upward revenue guidance, though execution risks remain for new facilities.
What just happened
Optiemus Infracom delivered strong financial results for the September quarter, anchored by high growth in its electronics manufacturing services (EMS) vertical. Smartphone manufacturing alone exceeded Rs 500 crore in revenue during the quarter. To support aggressive expansion in emerging verticals like screen protectors and glass manufacturing, the board plans to raise Rs 200 crore through the issuance of securities.
Why this matters
The company is signaling a structural shift from a pure-play EMS provider to a broader consumer technology entity. Management has revised its revenue targets upwards, now aiming for Rs 6,500 crore in FY28 and Rs 8,500 crore in FY29, citing strong visibility in its new business lines. The upcoming BIS compliance mandate for screen protectors in April 2027 provides a significant catalyst for the company’s planned 2.5 crore units/month capacity build-out.
Key Strategic Developments
- Screen Protectors: Expansion is underway through a brownfield site and a new 20-million-unit greenfield facility expected by March 2027.
- CMF JV: A 51:49 joint venture with Nothing is being structured to establish CMF as an end-to-end Indian consumer electronics brand.
- Corning JV: The 70:30 partnership with Corning International is currently in the technical trial and OEM audit phase, with customer onboarding anticipated within the next 3-4 quarters.
Risks to watch
Growth is currently tempered by incubation expenses, which impacted EBITDA by Rs 3.57 crore this quarter. Investors should closely watch the timeline for the greenfield screen protector facility and the speed at which the Corning JV begins commercial operations, as these are critical to meeting the elevated revenue targets.
What to track next
Watch for the upcoming details on the planned Rs 200 crore fundraising and progress updates on the CMF definitive agreement, which will clarify the scaling roadmap for the new brand.