Financial Results for the quarter and year ending March 31, 2026.
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Innovassynth Technologies reported revenue from operations of Rs. 10,235.21 lakh for FY2026, up from Rs. 9,831.35 lakh in the restated FY2025 figures, showing modest revenue growth of about 4%. However, profit after tax declined to Rs. 1,904.28 lakh from Rs. 2,014.50 lakh in the prior year. The company underwent a significant merger by absorption with its associate ITIL, which became effective December 19, 2025, requiring restatement of prior period figures. As part of the merger, the company issued 4,74,65,031 equity shares worth Rs. 13,949.97 lakh. Additionally, the company completed a rights issue in May 2026, raising Rs. 6,964.55 lakh by issuing 1,74,11,380 shares at Rs. 40 per share. The auditors issued an unmodified (clean) opinion on the financial statements.
The company showed slight revenue growth but PAT declined year-on-year. The substantial rights issue indicates the company may be raising capital to fund operations or growth, given the negative operating cash flow of Rs. 3,896.58 lakh. The merger adds complexity to financial comparisons, and shareholders should note the restated prior year figures for accurate YoY analysis.