Innocorp Limited disclosed its unaudited financial results for the second quarter and half year ended 30th September 2026 through a regulatory filing with BSE Limited. The board meeting was held on 5th November 2026, commencing at 5:00 PM and concluding at 5:30 PM, where the financial results were approved.

Financial Performance Highlights

Quarter Ended 30th September 2026:

  • Income from operations (net): ₹15.25 lakhs
  • Total Income: ₹15.25 lakhs (no other income)
  • Total Expenses: ₹13.23 lakhs, consisting of:
  • Depreciation and amortization expense: ₹0.88 lakhs
  • Other operating expenses: ₹12.35 lakhs
  • No employee benefit expenses, finance costs, or material costs
  • Profit Before Tax: ₹2.02 lakhs
  • Tax Expense: Nil
  • Net Profit for the Quarter: ₹2.02 lakhs
  • Earnings Per Share (Basic and Diluted): ₹0.03

Comparative Quarter Performance:

  • Q2 FY26 (30th September 2025) showed a net loss of ₹7.94 lakhs
  • Q1 FY27 (30th June 2026) showed a net loss of ₹2.86 lakhs

Half Year Ended 30th September 2026:

  • Total Income: ₹15.25 lakhs
  • Total Expenses: ₹16.09 lakhs
  • Profit Before Tax: Loss of ₹0.84 lakhs
  • Tax Expense: Nil
  • Net Loss for Half Year: ₹0.84 lakhs
  • Earnings Per Share (Basic and Diluted): Loss of ₹0.01

Comparative Half Year Performance:

  • H1 FY26 showed a net loss of ₹16.06 lakhs
  • Full Year FY26 (31st March 2026) showed a net loss of ₹4.19 lakhs

Balance Sheet Position (as at 30th September 2026)

Assets:

  • Total Assets: ₹276.98 lakhs (down from ₹679.56 lakhs as at 31st March 2026)
  • Non-current assets: ₹64.37 lakhs, including:
  • Property, Plant and Equipment: ₹5.52 lakhs
  • Loans and advances: ₹1.06 lakhs
  • Deferred tax assets (net): ₹57.78 lakhs
  • Current assets: ₹212.61 lakhs, including:
  • Cash and cash equivalents: ₹0.50 lakhs
  • Loans and advances: ₹50.00 lakhs (reduced from ₹450.00 lakhs)
  • Other financial assets: ₹162.11 lakhs

Equity and Liabilities:

  • Equity share capital: ₹794.14 lakhs (unchanged)
  • Other equity: Negative ₹567.61 lakhs (deteriorated from negative ₹566.77 lakhs)
  • Total equity: ₹226.53 lakhs
  • Current liabilities: ₹50.45 lakhs, including:
  • Borrowings: ₹6.61 lakhs (reduced from ₹383.00 lakhs)
  • Other current liabilities: ₹43.84 lakhs
  • No non-current liabilities

Cash Flow Statement (Half Year Ended 30th September 2026)

  • Cash generated from operations: ₹376.25 lakhs
  • Net cash used in financing activities: ₹376.39 lakhs (primarily from repayment of borrowings)
  • Net decrease in cash and cash equivalents: ₹0.15 lakhs
  • Cash and cash equivalents at period end: ₹0.50 lakhs

Additional Information

  • The financial statements are prepared in accordance with Indian Accounting Standards (Ind-AS)
  • The company operates in a single segment
  • The results have been reviewed by the audit committee and approved by the Board of Directors
  • The statutory auditors, M N Rao & Associates LLP, have issued a limited review report confirming no material misstatements
  • The financial results are available on the Bombay Stock Exchange website and the company's website www.innocorpltd.com
  • No material adjustments were made pertaining to earlier periods