Board Meeting Details
- Meeting Date: Saturday, November 14, 2026
- Meeting Time: 3:00 PM to 5:40 PM
- Location: Registered office of the Company
Key Approvals
The Board of Directors approved:
1. Un-Audited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026
2. Noted the Limited Review Report issued by M/s Goyal Darda & Co., Statutory Auditors
Financial Results Publication
- Quick Response code and webpage details will be published in newspapers in compliance with Regulation 47
- Results available on company website: www.innovanathinklabs.com
Trading Window Closure
Pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window for all Directors, Promoters, Connected Persons, Designated Persons and their immediate relatives shall open after 48 hours of declaration of financial results.
Auditor's Review Report
Goyal Darda & Co., Chartered Accountants (Firm Registration Number: 014176C) issued limited review reports for both consolidated and standalone financial results, with an unmodified conclusion.
Consolidated Financial Review Scope
The review covered:
- 7 subsidiaries: InnovanaTechlabs Limited, Innovana Infrastructure Limited, Innovana Games Studio Limited, I Solve Software Services Limited, Innovana Astro Services Limited, Innovana Fitness Labs Limited, Innovana Green Energy Private Limited
- Total subsidiary assets: ₹24,524.45 lacs as at September 30, 2026
- Subsidiary revenues: Q2 - ₹3,705.49 lacs, H1 - ₹6,650.86 lacs
- Subsidiary net loss: Q2 - ₹(58.91) lacs, H1 - ₹(126.11) lacs
- 3 associate companies: Adcounty Media India Limited, Laxo Medicare Private Limited, Biz 365 Tech Private Limited
- Group's share of associate profit: Q2 - ₹59.20 lacs, H1 - ₹150.30 lacs
Consolidated Financial Results (₹ in Lacs)
Income Statement
| Period | Quarter Ended | Half Year Ended |
| | 30-Sep-26 | 30-Sep-26 |
| Total Income | 4,271.28 | 8,905.05 |
| Revenue from Operations | 3,897.02 | 8,357.67 |
| Other Income | 374.26 | 547.38 |
| Total Expenses | 3,602.39 | 7,499.58 |
| Cost of Material and Service | 884.93 | 1,680.92 |
| Employee Benefits Expense | 708.41 | 1,455.17 |
| Finance Costs | 173.53 | 265.23 |
| Depreciation and Amortization | 218.57 | 467.54 |
| Digital Advertising Expense | 1,114.88 | 2,173.59 |
| Other Expenses | 498.44 | 1,019.41 |
| Profit Before Tax | 668.89 | 1,405.47 |
| Tax Expenses | 206.30 | 344.32 |
| Current Tax | 199.49 | 423.93 |
| Deferred Tax | 5.77 | (67.06) |
| MAT Credit Entitlement | - | (14.73) |
| Tax Relating to Earlier Years | 1.04 | 2.18 |
| Net Profit for Period | 553.69 | 1,211.45 |
| Share of Profit/(Loss) of Associates | 91.10 | 150.30 |
| Total Comprehensive Income | 553.69 | 1,211.45 |
| Attributable to: | | |
| Owners | 562.21 | 1,226.59 |
| Non-controlling Interests | (8.52) | (15.14) |
Key Metrics
- Paid-up Equity Share Capital: ₹2,066.00 lacs (Face Value ₹10 per share)
- EPS Basic: Q2 - ₹2.68, H1 - ₹5.86
- EPS Diluted: Q2 - ₹2.68, H1 - ₹5.86
- EBIDTA: Q2 - ₹1,060.99 lacs, H1 - ₹2,138.24 lacs
Balance Sheet (Consolidated) as at September 30, 2026
| | September 30, 2026 | March 31, 2026 |
| Total Assets | 39,751.67 | 36,500.90 |
| Non-Current Assets | 28,464.56 | 27,752.95 |
| Property Plant and Equipment | 4,776.53 | 4,567.95 |
| Right-of-use Assets | 2,264.64 | 2,198.95 |
| Investments | 8,697.83 | 8,010.11 |
| Current Assets | 11,287.11 | 8,747.95 |
| Inventories | 2,259.38 | 1,154.35 |
| Trade Receivables | 4,289.00 | 4,375.06 |
| Cash and Cash Equivalents | 1,059.39 | 955.68 |
| Total Equity | 29,145.07 | 27,933.64 |
| Equity Share Capital | 2,066.00 | 2,066.00 |
| Other Equity | 26,411.70 | 25,178.58 |
| Non-Controlling Interests | 667.37 | 689.06 |
| Liabilities | 10,606.60 | 8,567.26 |
| Non-Current Liabilities | 5,059.17 | 4,885.98 |
| Current Liabilities | 5,547.43 | 3,681.28 |
Segment Information (Consolidated)
The company operates in multiple segments:
1. Software Product Sales: Q2 Revenue - ₹1,703.42 lacs, H1 Revenue - ₹3,390.56 lacs
2. Gym and Fitness: Q2 Revenue - ₹1,142.99 lacs, H1 Revenue - ₹2,190.81 lacs
3. Construction and Infrastructure: Q2 Revenue - ₹199.35 lacs, H1 Revenue - ₹208.29 lacs
4. Astro Services and Game Studio: Q2 Revenue - ₹1,538.30 lacs, H1 Revenue - ₹3,157.68 lacs
5. Green Energy: Q2 Revenue - ₹297.15 lacs, H1 Revenue - ₹297.84 lacs
Cash Flow (Consolidated) H1 FY27
- Operating Activities: Net inflow ₹1,181.55 lacs
- Investing Activities: Net inflow ₹223.71 lacs
- Financing Activities: Net outflow ₹(282.69) lacs
- Net Increase in Cash: ₹1,122.57 lacs
- Cash at End: ₹2,249.43 lacs
Standalone Financial Results (₹ in Lacs)
Income Statement
| Period | Quarter Ended | Half Year Ended |
| | 30-Sep-26 | 30-Sep-26 |
| Total Income | 1,099.98 | 2,234.46 |
| Revenue from Operations | 951.65 | 1,856.80 |
| Other Income | 148.33 | 377.66 |
| Total Expenses | 367.43 | 678.60 |
| Profit Before Tax | 732.55 | 1,555.86 |
| Tax Expense | 202.76 | 368.60 |
| Net Profit | 529.79 | 1,187.26 |
| EPS Basic | ₹2.56 | ₹5.75 |
| EPS Diluted | ₹2.56 | ₹5.75 |
| EBIDTA | ₹812.80 | ₹1,680.37 |
Standalone Balance Sheet as at September 30, 2026
- Total Assets: ₹21,078.79 lacs
- Total Equity: ₹19,135.08 lacs
- Equity Share Capital: ₹2,066.00 lacs
Fund Utilization Disclosure
The company reported no deviation/variation in utilization of funds raised through preferential issue of convertible warrants on September 5, 2025:
- Total issue size: ₹37,06,60,000
- Amount received as of December 31, 2025: ₹14,43,85,000
- Remaining amount expected within 18 months from allotment date
- Audit Committee confirmed no deviations from stated objects
Additional Notes
1. Digital Advertising Expenses of ₹2,173.59 lacs (H1) were primarily for customer acquisition and brand building in the astro services business
2. No investor complaints were pending as of September 30, 2026
3. Figures for previous periods have been regrouped for comparability
4. The company operates in a single reportable segment 'Software Development' on standalone basis