Audited Financial Results for the Period ended 31.03.2025
Awaiting price reaction for this filing.
Innocorp Ltd reported audited FY25 results showing essentially no business activity, with total income of just Rs 1.21 lakh (entirely from other income, zero revenue from operations). The company posted a net loss of Rs 26.11 lakh for the year, an improvement from the Rs 37.64 lakh loss in FY24. Q4 FY25 alone showed a loss of Rs 23.49 lakh (EPS of Rs -0.30). The balance sheet reveals serious stress: other equity is deeply negative at Rs -562.58 lakh against share capital of Rs 794.14 lakh, meaning accumulated losses have wiped out most of the net worth. Cash and cash equivalents collapsed to just Rs 0.46 lakh from Rs 23.38 lakh a year ago. Net cash from operating activities was negative at Rs -22.92 lakh. The statutory auditor (M.N. Rao & Associates LLP) issued an unmodified (clean) opinion, and the company declared the same under SEBI LODR Regulation 33(3)(d).
Despite a clean audit opinion, the company is a non-operating shell with no revenue, negative net worth, near-zero cash and consecutive losses, raising significant going-concern concerns for shareholders. The stock is likely to remain illiquid and risky until a real business plan or capital infusion materialises.