EMS stock jumps 6% after JV with Nothing to manufacture their electronic products

Synopsis:
Optiemus Infracom and Nothing announced a $100M JV to manufacture Nothing and CMF products in India, creating 1,800 jobs and establishing India as CMF’s global base.

During Thursday’s trading session, shares of a high-performance telecommunications and manufacturing enterprise and a leading electronics manufacturer surged nearly 6.5 percent on BSE, after signing an agreement with a London-based company, “Nothing”, to carry out the business of manufacturing electronic products.

At 11:24 a.m., the shares of Optiemus Infracom Limited were trading in the green at Rs. 692.55 on BSE, up by around 3.4 percent, as against its previous closing price of Rs. 669.55, with a market cap of Rs. 6,099 crores. The stock has delivered negative returns of over 17 percent in one year, but has gained by around 21 percent in the last one month.

What’s the News

Optiemus Infracom Limited, as per its latest regulatory filings, has entered into a binding term sheet with Nothing Electronics Private Limited, an affiliate of the London-based technology company, to form a strategic joint venture (JV) for the manufacturing of electronic products of Nothing and CMF in India. The JV is subject to statutory approvals and customary conditions precedent.

As part of the JV, Nothing and Optiemus plan to jointly invest over $100 million and generate more than 1,800 jobs in India over the next three years. This is in addition to Nothing’s cumulative investment of over $200 million in the country to date.

In a parallel announcement, Nothing confirmed that CMF, previously operating as a sub-brand, will now function as an independent subsidiary with India as its global base for operations, R&D, and manufacturing. This development highlights India’s increasing role in supporting next-generation consumer technology brands.

Through this collaboration, CMF envisions becoming India’s first truly global consumer technology brand – designed, manufactured, and scaled from India for international markets. The company’s global headquarters for end-to-end smartphone and smart hardware operations will be established in India.

Financials & More

Optiemus Infracom reported a marginal decline in its revenue from operations, showing a year-on-year decrease of around 12 percent from Rs. 493 crores in Q1 FY25 to Rs. 435 crores in Q1 FY26.

In contrast, its net profit increased during the same period from Rs. 12 crores to Rs. 15 crores, representing a rise of about 25 percent YoY. As per the management, given the strong sectoral tailwinds and recent government initiatives, the company aims to achieve four-digit EBITDA within the next 24 to 36 months.

Optiemus Infracom Limited is primarily engaged in the business of distribution and marketing of mobile & telecom products, where manufacturing is predominantly restricted to third-party brands. Its wholly owned subsidiary, GDN, undertakes the manufacturing of these products.

The manufacturing segment contributes the largest share of the company’s revenue, driven by the production of telecommunication, allied, and electronic products for leading brands such as Realme, Redmi, OnePlus, Oppo, Micromax, HTC, and others.

Beyond telecom, Optiemus Infra also has a presence in the drone sector, offering advanced solutions such as Electronic Warfare (EW) capabilities, GNSS-denied operations, RF countermeasure technology, smart munitions enablement, and Agriculture Drone-as-a-Service (DaaS).

Written by Shivani Singh

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