Innovassynth Q2 FY27 results: revenue Rs 47.55 cr, PAT Rs 1.50 cr

What the numbers show

• Net margin was 3.15% of revenue, against -82.64% a year earlier.
• Revenue rose 175.2% while total expenses rose 52.7%.
• Cost of materials accounted for Rs 16.90 cr of the Rs 16.94 cr rise in total expenses (99%).
• Cost of materials took 47.6% of revenue, against 33.2% a year earlier.

Key numbers (standalone, unaudited)

From the statement of unaudited financial results for the quarter ended 30 September 2026 (Q2 FY27), compared with the quarter ended 30 September 2025 (Restated, Refer Note 4):

• Revenue from operations: Rs 47.55 cr (Q2 FY26: Rs 17.28 cr)
• Other income: Rs 3.15 cr (Q2 FY26: Rs 0.297 cr)
• Total income: Rs 50.70 cr (Q2 FY26: Rs 17.58 cr)
• Cost of materials consumed: Rs 22.63 cr (Q2 FY26: Rs 5.73 cr)
• Changes in inventories of finished goods, stock-in-trade and work-in-progress: Rs (2.13) cr (Q2 FY26: Rs 1.66 cr)
• Employee benefits expense: Rs 10.62 cr (Q2 FY26: Rs 8.45 cr)
• Finance costs: Rs 1.13 cr (Q2 FY26: Rs 1.76 cr)
• Depreciation and amortisation expense: Rs 2.06 cr (Q2 FY26: Rs 1.98 cr)
• Other expenses: Rs 14.75 cr (Q2 FY26: Rs 12.53 cr)
• Total expenses: Rs 49.06 cr (Q2 FY26: Rs 32.12 cr)
• Profit / (Loss) before tax (III): Rs 1.64 cr (Q2 FY26: Rs (14.54) cr)
• Exceptional items (Refer note 7): Rs – (Q2 FY26: Rs 0.214 cr)
• Profit / (Loss) before tax (V): Rs 1.64 cr (Q2 FY26: Rs (14.76) cr)
• Total tax expense: Rs 0.1439 cr (Q2 FY26: Rs (0.4752) cr)
• Profit / (Loss) for the period after tax: Rs 1.50 cr (Q2 FY26: Rs (14.28) cr)
• Paid-up equity share capital (Face value Rs 10 each): Rs 92.86 cr (Q2 FY26: Rs 27.98 cr)
• Earnings / (Loss) per share – Basic and Diluted (Rs): Rs 0.16 (Q2 FY26: Rs (1.89))

For the six months ended 30 September 2026, the statement of financial results shows revenue from operations of Rs 103.53 cr and profit after tax of Rs 8.23 cr, compared with revenue from operations of Rs 29.55 cr and a loss after tax of Rs (31.32) cr for the six months ended 30 September 2025 (Restated, Refer Note 4).

Total income for Q2 FY27, at Rs 50.70 cr, was higher than the corresponding quarter’s Rs 17.58 cr, with both revenue from operations and other income higher year-on-year. On the cost side, cost of materials consumed, employee benefits expense and other expenses all increased versus the restated prior-year quarter, while finance costs were lower than the year-ago period.

The company moved from a loss before tax of Rs (14.76) cr in the restated quarter ended 30 September 2025 to a profit before tax of Rs 1.64 cr in the quarter ended 30 September 2026, as per the statement of financial results. After a tax expense of Rs 0.1439 cr in Q2 FY27, profit after tax for the quarter stood at Rs 1.50 cr, compared with a loss after tax of Rs (14.28) cr in the corresponding restated quarter.

Earnings per share (basic and diluted, not annualised) improved to Rs 0.16 for the quarter ended 30 September 2026 from Rs (1.89) for the quarter ended 30 September 2025, reflecting the swing from loss to profit alongside the higher paid-up equity share capital reported in the statement of financial results.