According to reports from Business Standard, Innovision reported a consolidated net loss of ₹73.55 crore in the quarter ended June 2026, marking a significant reversal from the net profit of ₹123.87 crore recorded in the corresponding quarter of the previous financial year. The company's financial performance showed contrasting trends across key metrics during this quarter, with the latest figures showing a net loss of ₹73.55 million compared to the earlier reported ₹7.04 crore loss. The results were approved by the Board of Directors at a meeting held on August 12, 2026, and reviewed by statutory auditors S R G A & Co.
As reported by Business Standard, Innovision demonstrated strong revenue growth with sales rising 18.3% to ₹2,638.15 crore in the quarter ended June 2026, compared to ₹2,230.3 crore during the same period in the previous financial year. The Toll segment remained the primary revenue driver, contributing ₹1,757.13 million in the quarter, up from ₹1,287.51 million in Q1FY25. However, this segment's EBITDA deteriorated significantly to a negative ₹90.19 million, down from a positive ₹177.74 million in the previous year. The Security segment generated ₹870.26 million in revenue, slightly lower than the ₹917.62 million reported in Q1FY25, while its EBITDA improved to ₹13.53 million from a negative ₹19.59 million.
According to the latest financial data, the company's operating profit margin (OPM) declined to -3.82% in Q1 FY27 from 27.18% in the corresponding quarter of the previous year. The EBITDA margin turned sharply negative at ₹100.77 million from a positive ₹160.22 million in the prior year period. Additionally, PBT (Profit Before Tax) recorded a loss of ₹105.06 million versus a profit in the year-ago period. Total expenses rose to ₹2,778.01 million while total income stood at ₹2,672.95 million, with direct expenses accounting for the largest portion at ₹1,798.00 million. The company recorded a deferred tax credit of ₹31.51 million, which partially offset the pre-tax loss.
During the quarter, Ms. Sudha Hooda resigned as an Independent Director effective April 6, 2026, while Mr. Aditya Jha was appointed as an Independent Director effective April 10, 2026, with shareholder approval obtained at the Extra-Ordinary General Meeting held on July 8, 2026. The company also resolved pending GST demand orders for FY 2019-20 and FY 2023-24 after appellate authorities decided in its favor. Unutilized IPO proceeds amounting to ₹1,425.09 million were largely invested in fixed deposits, with ₹1,424.95 million placed in scheduled commercial banks. Basic earnings per share (EPS) came in at a loss of ₹2.85, compared to earnings of ₹6.71 in the same quarter last year.
