Innovision Limited has secured a contract worth ₹9.23 crore from the National Highways Authority of India (NHAI) for user fee collection and facility maintenance at the Vaddupalli fee plaza in Andhra Pradesh. The order, received on July 7, 2026, designates the company as the user fee collection agency for the Anantapur-Kalyandurg section of a two-lane highway with paved shoulders on EPC mode. The contract also includes the upkeep and maintenance of adjacent toilet blocks, including the recouping of consumable items.

The award was granted under tender ID NHAI/13013/547/CO/26-27/CB/Vaddupalli/FP/E77017/B1/R/582 following a competitive bidding process through e-tender. The project is a domestic engagement and does not involve any interest from the promoter, promoter group, or group companies in the entity awarding the order. The company confirmed that the transaction does not fall within related party transactions. The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Details

The broad commercial consideration for the contract totals ₹9,23,44,635, with the execution period set for one year commencing from August 24, 2026. The key parameters of the contract are outlined below:

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.