According to reports from Business Standard, Innovision has secured a Letter of Award (LoA)/Work Order for toll collection services at the Etaura Bujurg fee plaza & Akhtiyari Kotila fee plaza in Uttar Pradesh. The contract covers the two-lane with paved shoulder section of Raebareilly Allahabad Section and includes comprehensive maintenance responsibilities. As reported by The Economic Times, the contract involves engagement as a user fee agency through competitive bidding via E-Tender for the Etaura Bujurg and Akhtiyari Kotila fee plazas, which are located on the Raebareilly-Allahabad section of National Highway 91 in Uttar Pradesh. The contract has a duration of 1 year and was disclosed on August 20, 2026.
As reported by Business Standard, the contract encompasses user fee collection agency services on a competitive bidding basis through E-Tender. The scope extends beyond toll collection to include upkeep and maintenance of adjacent toilet blocks along with recouping of consumable items used in the facilities. According to The Economic Times, the contract covers toll collection for the two-lane paved shoulder section and maintenance of adjacent toilet blocks, reinforcing Innovision's focus on highway user fee collection mandates.
According to The Economic Times, the contract is valued at ₹51.54 crore, representing a significant revenue opportunity for Innovision. At ₹51.54 crore, this order adds to the company's total disclosed order book of ₹549.64 crore across 17 orders in the last three fiscal quarters. The order book coverage stands at 2.14 quarters of average quarterly revenue, indicating strong visibility into future earnings streams from these long-term contracts. The company's Q2FY27 order inflow stands at ₹322.93 crore across 4 orders, demonstrating robust contract acquisition momentum.
As reported by Business Standard, the contract covers the Raebareilly Allahabad Section in the state of Uttar Pradesh, specifically focusing on the two-lane with paved shoulder infrastructure. The location spans the Allahabad region and includes the designated fee plazas for toll collection operations. According to The Economic Times, these facilities are located on the Raebareilly-Allahabad section of National Highway 91 in Uttar Pradesh, reinforcing Innovision's strategic focus on highway infrastructure projects.
According to The Economic Times, Innovision reported revenue of ₹267.30 crore in Q1FY27, though net profit turned negative at -₹7.40 crore due to operating pressures. Operating profit margins contracted to -3.82% in the quarter. However, annual data shows revenue growth of +9.5% to ₹980.78 crore in FY26, with net profit rising by +23.4% to ₹35.78 crore. The company maintains a healthy return on capital employed (ROCE) of 53.08% and return on equity (ROE) of 35.45% for FY25. The balance sheet shows total assets of ₹473.80 crore and total equity of ₹294.20 crore as of FY26, with a current ratio of 2.55x providing adequate liquidity for operations.
