Submission of Unaudited Financial Results for the Second quarter and Half year ended 30th September, 2025
Awaiting price reaction for this filing.
Innocorp Limited reported unaudited results for Q2 and H1 FY26 (ended 30 September 2025) with zero income from operations across every period shown, including the full year ended March 2025. Net loss widened to ₹16.07 lakhs in H1 FY26 from ₹11.82 lakhs a year earlier, with the standalone Q2 loss at ₹7.94 lakhs versus ₹5.73 lakhs in Q2 FY25. Other equity is deeply negative at -₹578.65 lakhs, meaning accumulated losses are several times the ₹794.14 lakhs share capital, leaving total equity at just ₹215.49 lakhs. The company raised fresh borrowings of ₹402 lakhs in H1 against near-zero debt earlier, pushing debt-to-equity above 1.8x. Operating cash flow for H1 was negative ₹401.79 lakhs, and the auditor (M.N. Rao & Associates LLP) issued an unqualified review report.
This is a serious going-concern picture: no revenue, widening losses, fully eroded equity and fresh debt taken to fund operations. The stock is likely to stay under pressure and shareholders face meaningful risk of further dilution, restructuring or default.