Audited Financial results for the year ended March 31, 2026
Awaiting price reaction for this filing.
Innocorp Limited reported total income of Rs 21.25 lakhs for FY2026, a minimal profit before tax of Rs 0.16 lakhs, but a net loss of Rs 4.19 lakhs. While this is a significant improvement from the prior year loss of Rs 37.64 lakhs, the company continues to be unprofitable. The balance sheet reveals serious concerns: negative other equity of Rs 566.77 lakhs and total equity of only Rs 227.37 lakhs. Current liabilities surged to Rs 452.19 lakhs (from Rs 56.28 lakhs) due to borrowings of Rs 383 lakhs. Operating cash flow is deeply negative at Rs 382.81 lakhs, indicating the business is consuming cash despite minimal revenue. The statutory auditor issued an unmodified opinion, and the company declared an unmodified audit report.
The company remains financially distressed with negative equity, heavy cash burn, and significant borrowings. Despite a much smaller loss compared to last year, the balance sheet structure and negative operating cash flow present serious concerns for shareholders and creditors.