Innovana Thinklabs Limited has informed the Exchange regarding Outcome of Board Meeting held on May 20, 2026.
INNOVANA · price
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Innovana Thinklabs Limited reported its FY2026 audited financial results. On a standalone basis, revenue grew modestly by 6% to Rs. 4,590 Lacs while net profit increased 8.2% to Rs. 3,202 Lacs. However, on a consolidated basis, revenue surged 27.8% to Rs. 13,231 Lacs, but net profit declined 18% to Rs. 3,659 Lacs due to higher digital advertising expenses and GST cost impacts in subsidiaries. The Board also re-appointed Mrs. Riya Sharma as Independent Director for a second 5-year term and M/s Jindal Ashok & Co. as Internal Auditor. Statutory auditors issued an unmodified (clean) opinion on both standalone and consolidated financials. The company raised Rs. 1,444 Lacs through share warrants and securities premium during the year.
The 27.8% consolidated revenue growth is positive, but the 18% decline in consolidated PAT and EBITDA margin compression may concern investors, especially given elevated marketing costs in the Astro business segment. The clean audit opinion removes going concern concerns.