Financial Results for the Quarter ended June 30, 2025
Awaiting price reaction for this filing.
Innocorp Limited reported its Q1 FY26 results showing zero revenue from operations and no other income, indicating the company is currently not generating any business income. Total expenses stood at ₹8.13 lakhs, mainly employee costs (₹5.60 lakhs) and depreciation (₹0.88 lakhs), leading to a net loss of ₹8.13 lakhs compared to a loss of ₹6.09 lakhs in the same quarter last year. The loss per share worsened to ₹(0.10) from ₹(0.08) YoY. Notably, the company's other equity is deeply negative at ₹(562.58) lakhs against a paid-up capital of ₹794.14 lakhs, meaning accumulated losses have eroded most of the shareholders' funds. The auditor (M.N. Rao & Associates LLP) issued an unmodified review report with no qualifications.
The stock is effectively a non-revenue, loss-making entity with negative net worth, suggesting it is a dormant or shell company. Shareholders should be cautious — there is no operating business generating cash, and the deeply negative reserves indicate serious financial weakness with no visible turnaround.