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INNOCORP Q2 FY27 results: net profit ₹0.02 crore vs ₹0.08 crore loss
INNOCORP LIMITED reported standalone revenue of ₹0.15 crore and a net profit of ₹0.02 crore for Q2 FY27, with an EBITDA margin of 19.0%. Basic EPS was ₹0.03, compared with a net loss of ₹0.08 crore in Q2 FY26 and a net loss of ₹0.03 crore in Q1 FY27. The results were approved by the board on 5 November 2026.
Key points
- Q2 FY27 standalone revenue was ₹0.15 crore, against ₹0 crore in Q2 FY26 and Q1 FY27.
- EBITDA was ₹0.03 crore in Q2 FY27, compared with a loss of ₹0.08 crore in Q2 FY26 and a loss of ₹0.02 crore in Q1 FY27.
- The company reported a net profit of ₹0.02 crore in Q2 FY27, against a net loss of ₹0.08 crore in Q2 FY26 and a net loss of ₹0.03 crore in Q1 FY27.
- Q2 FY27 EBITDA margin was 19.0%, while basic EPS was ₹0.03 compared with negative EPS in the earlier periods.
- H1 FY27 revenue was ₹0.15 crore, while the company reported a net loss of ₹0.01 crore and EPS of ₹0.00.
How did INNOCORP perform in Q2 FY27?
INNOCORP reported standalone revenue of ₹0.15 crore in Q2 FY27, against ₹0 crore in Q2 FY26 and Q1 FY27. EBITDA was ₹0.03 crore at a 19.0% margin, compared with a loss of ₹0.08 crore in the year-ago quarter and a loss of ₹0.02 crore in the previous quarter. The quarter ended on 30 September 2026.
Profit before tax was ₹0.02 crore, and net profit was ₹0.02 crore, compared with a profit before tax loss of ₹0.09 crore and a net loss of ₹0.08 crore in Q2 FY26. In Q1 FY27, profit before tax and net profit were each a loss of ₹0.03 crore. Basic EPS was ₹0.03 in Q2 FY27, against negative EPS of ₹0.10 and ₹0.04 in the earlier periods.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0.15 | 0 | 0 | ||
| Other income | 0 | 0 | 0 | ||
| Total expenses | 0.13 | 0.03 | 0.09 | +44.4% | +333.3% |
| EBITDA | 0.03 | −0.02 | −0.08 | turned to profit | turned to profit |
| EBITDA margin | 19.0% | ||||
| Profit before tax | 0.02 | −0.03 | −0.09 | turned to profit | turned to profit |
| Tax | 0 | 0 | −0.01 | ||
| Net profit | 0.02 | −0.03 | −0.08 | turned to profit | turned to profit |
| EPS (₹) | 0.00 | −0.04 | −0.10 | turned to profit | turned to profit |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in INNOCORP's costs and profit?
Total expenses were ₹0.13 crore in Q2 FY27, up ₹0.04 crore from ₹0.09 crore in Q2 FY26 and up ₹0.10 crore from ₹0.03 crore in Q1 FY27. Other expenses increased by ₹0.05 crore from the year-ago quarter and by ₹0.10 crore from the previous quarter, reaching ₹0.12 crore. Depreciation was ₹0.01 crore and finance costs were unchanged at ₹0 crore.
Employee benefit expense fell by ₹0.01 crore from Q2 FY26, while cost of materials and finance costs were unchanged. Other income remained at ₹0 crore, and there was no exceptional item in the quarter. The tax line was ₹0 crore in Q2 FY27, against a ₹0.01 crore credit in Q2 FY26 and no change from Q1 FY27.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0 | 0.01 | −0.01 | |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0.01 | 0.01 | 0 | +0.0% |
| Other expenses | 0.12 | 0.07 | +0.05 | +71.4% |
| Total expenses | 0.13 | 0.09 | +0.04 | +44.4% |
| Other income | 0 | 0 | 0 | |
| Tax | 0 | −0.01 | +0.01 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For the first half of FY27, INNOCORP reported revenue and total income of ₹0.15 crore, compared with ₹0 crore in H1 FY26. Profit before tax was a loss of ₹0.01 crore, compared with a loss of ₹0.17 crore in H1 FY26, while net profit was a loss of ₹0.01 crore against a loss of ₹0.16 crore.
H1 FY27 basic EPS was ₹0.00, compared with negative EPS of ₹0.20 in H1 FY26. The results are presented on a standalone basis and were reviewed by the statutory auditors under the applicable listing regulations.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 0.15 | 0 | |
| Profit before tax | −0.01 | −0.17 | |
| Net profit | −0.01 | −0.16 | |
| EPS (₹) | 0.00 | −0.20 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets were ₹2.77 crore as at 30 September 2026, compared with ₹6.8 crore at 31 March 2026. Total equity was ₹2.27 crore at both dates. Borrowings fell to ₹0.07 crore from ₹3.83 crore, while cash and cash equivalents were ₹0.01 crore at both dates. Trade payables fell from ₹0.35 crore to ₹0 crore.
In H1 FY27, net cash generated from operating activities was ₹3.76 crore, against net cash used in operating activities of ₹4.02 crore in H1 FY26. Net cash used in financing activities was ₹3.76 crore, compared with ₹4.02 crore generated from financing activities in the earlier period. There was no investing cash flow or capital expenditure in either period.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 2.77 | 6.80 |
| Total equity | 2.27 | 2.27 |
| Borrowings | 0.07 | 3.83 |
| Cash and equivalents | 0.01 | 0.01 |
| Inventories | 0 | 0 |
| Trade receivables | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 3.76 | −4.02 |
| Cash from investing | 0 | 0 |
| Cash from financing | −3.76 | 4.02 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has INNOCORP done over the last 8 quarters?
Revenue remained at ₹0 crore through Q1 FY27 and rose to ₹0.15 crore in Q2 FY27. The quarterly EBITDA margin was 19.0% in Q2 FY27, while no EBITDA margin was reported for the preceding quarters in the supplied trend data.
Net profit moved from a loss of ₹0.03 crore in Q1 FY27 to a profit of ₹0.02 crore in Q2 FY27. Earlier quarterly net results included losses of ₹0.08 crore in Q2 FY26 and Q3 FY26, ₹0.02 crore in Q4 FY26, and ₹0.23 crore in Q4 FY25. The latest quarter was the first reported profit in the trend period.
Quick answers
What was INNOCORP's revenue in Q2 FY27?
Revenue from operations was ₹0.15 crore, against ₹0 crore in Q2 FY26 (standalone).
Did INNOCORP make a profit in Q2 FY27?
Yes. Net profit was ₹0.02 crore, against a net loss of ₹0.08 crore in Q2 FY26.
What was INNOCORP's EPS in Q2 FY27?
Basic earnings per share were ₹0.00, against a loss of ₹0.10 in Q2 FY26.
When did INNOCORP announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Quater Ended And Half Year Ended 30.09.2026 (BSE, 31 October 2026) · PDF
- Results-Financial Results For The Quater And Half Year Ended 30.09.2026 (BSE, 5 November 2026) · PDF
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