In continuation of our intimation dated May 14, 2026, we wish to inform you that the Board of Directors of the Company, at its meeting held today, i.e., Wednesday, May 20, 2026 has inter ....
INNOVANA · price
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The Board of Directors approved the Audited Standalone and Consolidated Financial Results for Q4 and Financial Year ended March 31, 2026. Consolidated revenue grew 28% to Rs. 13,230.74 Lacs from Rs. 10,347.97 Lacs in the previous year. However, Net Profit declined 18% to Rs. 3,658.58 Lacs from Rs. 4,470.92 Lacs due to higher digital advertising expenses (Rs. 2,706.66 Lacs vs Rs. 1,071.07 Lacs) for Astro business expansion and increased GST costs in the fitness segment. EBITDA also declined to Rs. 5,898.22 Lacs from Rs. 6,656.91 Lacs. The Board re-appointed Mrs. Riya Sharma as Independent Director for a second 5-year term and M/s Jindal Ashok & Co. as Internal Auditor for FY 2026-27. Statutory auditors Goyal Darda & Co. issued unmodified opinions on both standalone and consolidated results.
Strong revenue growth of 28% is positive, but the 18% decline in net profit and EBITDA margin compression may concern investors. The company's investment in marketing for growth and regulatory cost increases impacted profitability. Clean audit opinion is a positive signal for governance.