Innovision Limited reported a 24.63% year-on-year increase in consolidated net profit to ₹36.35 crore for the financial year ended March 31, 2026, driven by growth across its toll and manpower segments. Consolidated revenue from operations rose 9.81% to ₹980.78 crore for the year, compared to ₹893.13 crore in the previous year. For the quarter ended March 31, 2026, the company posted a consolidated net profit of ₹11.87 crore on revenue of ₹268.78 crore.

The board of directors approved the audited standalone and consolidated financial results at its meeting held on May 28, 2026. The statutory auditors, S R G A & Co., issued an unmodified opinion on the financial results.

Financial Performance

On a consolidated basis, total income for FY26 stood at ₹986.61 crore, up from ₹895.95 crore in FY25. Total expenses increased to ₹925.48 crore from ₹844.20 crore in the prior year. Profit before tax for the year was ₹45.75 crore, compared to ₹39.05 crore in the previous year. EBITDA for the year improved by 13% to ₹55.30 crore, with margins expanding to 5.64%.

The following table summarises key consolidated financial metrics for FY26 and FY25:

Segment Performance

The Toll segment contributed ₹5,759.53 million to the consolidated revenue, while the Security segment contributed ₹3,970.93 million. The company's reportable segments include Security, Toll, and Skill Training and Development. Innovision operates 23 active NHAI toll plazas across 7 states, with a toll order book of ₹800+ crore for FY27.

Strategic Outlook and Growth Targets

Management commentary highlights FY26 as a milestone year with the successful listing on the BSE and NSE. According to the company's investor presentation, Innovision is targeting 50-60% revenue growth, 50-60% EBITDA growth, and 60-70% PAT growth from FY27 to FY29. The company has also expanded its AI-enabled Smart Surveillance solutions and laid the foundation for its Drone Manufacturing and aerial intelligence platform through its subsidiary, Aerodrone Robotics.

The following table outlines the company's medium-term growth targets as disclosed in the investor presentation:

Capital Allocation and IPO

During the year, Innovision completed its Initial Public Offering, comprising a fresh issue of 49,13,294 equity shares and an offer for sale of 12,38,000 equity shares at an issue price of ₹519 per share. The company raised total proceeds of ₹2,550 million. As of March 31, 2026, ₹1,599.81 million of the net proceeds remained unutilized, with ₹1,449.99 million temporarily invested in fixed deposits.

Board Changes and Disclosures

Subsequent to the quarter ended March 31, 2026, Ms. Sudha Hooda resigned as an Independent Director effective April 6, 2026. Mr. Aditya Jha was appointed as an Independent Director effective April 10, 2026, subject to shareholder approval. The company also disclosed that it has received GST demand orders amounting to ₹209.98 million for FY 2019-20 and FY 2023-24, against which appeals have been filed.

Innovision Ltd has corrected the commercial consideration of its Letter of Award (LoA) from the National Highways Authority of India (NHAI) to ₹197,53,79,635. The company identified an inadvertent clerical error in its previous disclosure submitted on June 25, 2026, which had understated the order size. The initial filing had erroneously stated the Broad Commercial Consideration as ₹8,11,80,000. The revised figure significantly increases the reported value of the contract awarded to the entity.

The correction was submitted to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided the accurate details in Annexure A attached to the regulatory filing.

Contract Scope

The contract entails the engagement of Innovision Ltd as the user fee agency for the Ghamroj Fee Plaza, located on National Highway number 248 in the State of Haryana and Rajasthan. The scope of work includes toll collection and the upkeep of adjacent toilet blocks, including the recouping of consumable items. The order was secured through competitive bidding via e-tender.

Contract Details

The key parameters of the corrected contract are outlined below:

The company clarified that the promoter, promoter group, or group companies do not hold any interest in the entity awarding the contract. Furthermore, the transaction does not qualify as a related party transaction. Innovision Ltd expressed regret over the clerical error and reaffirmed its commitment to maintaining high standards of corporate governance and accuracy in its disclosures.