Innocorp Limited held its Board meeting on 27th May, 2026 from 7:00 PM to 7:50 PM, where the Board considered and approved the following items:
- Audited Financial Results for the fourth quarter and year ended 31st March, 2026
- Audited Assets & Liabilities Statement for the year ended 31st March, 2026
- Cash Flow Statements for the year ended 31st March, 2026
- Audited Review Report for the quarter and year ended 31st March, 2026
- Declaration for Unmodified Opinion for the financial year ended 31st March 2026
Financial Results Analysis
Annual Performance (Year Ended 31st March, 2026):
- Income from operations (net): ₹21.25 lakh
- Total Income: ₹21.25 lakh
- Total Expenses: ₹21.09 lakh
- Employee benefit expenses: ₹7.60 lakh
- Depreciation and amortization expense: ₹3.54 lakh
- Other operating expenses: ₹9.95 lakh
- Profit Before Tax: ₹0.16 lakh (compared to ₹(24.37) lakh loss in previous year)
- Tax Expense: ₹4.35 lakh (all deferred tax)
- Net Profit for the period: ₹(4.19) lakh (compared to ₹(37.64) lakh loss in previous year)
- Total Comprehensive Income: ₹(4.19) lakh
- Paid up equity share capital: ₹794.14 lakh (Face Value: ₹10 per share)
- Total Other Equity: ₹(566.77) lakh
- Earnings per share (Basic and Diluted): ₹(0.05)
Quarterly Performance (Q4 Ended 31st March, 2026):
- Total Income: Nil
- Total Expenses: ₹2.64 lakh
- Employee benefit expenses: ₹0.80 lakh
- Depreciation and amortization expense: ₹0.89 lakh
- Other operating expenses: ₹0.95 lakh
- Profit Before Tax: ₹(2.64) lakh
- Tax Expense: ₹(1.13) lakh (deferred tax benefit)
- Net Profit for the period: ₹(1.51) lakh
- Earnings per share (Basic and Diluted): ₹(0.02)
Assets and Liabilities Position (as of 31st March, 2026)
- Non-current Assets: ₹66.14 lakh
- Loans and advances: ₹1.06 lakh
- Other Assets: ₹57.78 lakh
- Current Assets: ₹613.43 lakh
- Trade receivables: Nil
- Cash and cash equivalents: ₹0.65 lakh
- Loans and advances: ₹450.00 lakh
- Other financial assets: ₹162.78 lakh
- Total Assets: ₹679.56 lakh
- Equity: ₹227.37 lakh
- Equity share capital: ₹794.14 lakh
- Other equity: ₹(566.77) lakh
- Current Liabilities: ₹452.19 lakh
- Other financial liabilities: ₹383.00 lakh
- Other current liabilities: ₹34.67 lakh
- Trade payables: ₹34.52 lakh
- Total Equity and Liabilities: ₹679.56 lakh
Cash Flow Statement (Year Ended 31st March, 2026)
- Profit before taxation: ₹0.16 lakh
- Cash generated from operations: ₹(382.81) lakh
- Net cash from operating activities: ₹(382.81) lakh
- Net cash used in investing activities: Nil
- Net cash from financing activities: ₹383.00 lakh (proceeds from borrowings)
- Net decrease in cash and cash equivalents: ₹0.19 lakh
- Cash and cash equivalents at beginning: ₹0.46 lakh
- Cash and cash equivalents at end: ₹0.65 lakh
- Cash on hand: ₹0.35 lakh
- Balance with banks (current accounts): ₹0.30 lakh
Additional Information
- The company operates in a single segment
- No material adjustments were made in the results for the current quarter/year which pertain to earlier periods/year
- The results are available on Bombay Stock Exchange website and the company's website www.innocorpltd.com
- The financial results were reviewed by the audit committee and approved by the Board of Directors