Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Innovana Think.
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 26.19 | 27.80 | 25.47 | 25.79 | 21.74 | 25.12 | 22.85 | 28.92 | 26.59 | 32.09 | 32.72 | 34.89 | 32.60 |
| Expenses + | 15.11 | 14.43 | 14.04 | 13.18 | 14.27 | 12.76 | 10.55 | 12.32 | 11.65 | 16.01 | 18.50 | 22.64 | 29.44 |
| Operating Profit | 11.08 | 13.37 | 11.43 | 12.61 | 7.47 | 12.36 | 12.30 | 16.60 | 14.94 | 16.08 | 14.22 | 12.25 | 3.16 |
| OPM % | 42.31% | 48.09% | 44.88% | 48.89% | 34.36% | 49.20% | 53.83% | 57.40% | 56.19% | 50.11% | 43.46% | 35.11% | 9.69% |
| Other Income + | 1.45 | 1.86 | 4.23 | 4.00 | 4.32 | 2.67 | 4.91 | 1.06 | 1.73 | 2.82 | 4.40 | 3.48 | 2.57 |
| Interest | 0.32 | 0.35 | 0.37 | 0.52 | 0.57 | 0.60 | 1.11 | 1.30 | 1.07 | 0.88 | 0.95 | 1.69 | 1.07 |
| Depreciation | 1.02 | 0.97 | 1.00 | 1.15 | 1.35 | 1.25 | 2.13 | 1.83 | 1.95 | 2.35 | 2.36 | 3.09 | 2.73 |
| Profit before tax | 11.19 | 13.91 | 14.29 | 14.94 | 9.87 | 13.18 | 13.97 | 14.53 | 13.65 | 15.67 | 15.31 | 10.95 | 1.93 |
| Tax % | 10.37% | 27.17% | 21.48% | 23.76% | 12.06% | 27.09% | 26.06% | 23.68% | 22.27% | 21.95% | 22.66% | 26.39% | 70.98% |
| Net Profit + | 9.96 | 10.02 | 11.09 | 11.30 | 8.84 | 10.32 | 11.04 | 11.83 | 11.51 | 13.12 | 12.66 | 8.97 | 1.82 |
| EPS in Rs | 4.86 | 4.89 | 5.41 | 5.51 | 4.17 | 4.95 | 5.32 | 5.70 | 5.56 | 6.32 | 6.19 | 4.63 | 1.42 |
Financials of Innovana Think.
Annual income statement trend
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 16 | 31 | 45 | 64 | 57 | 58 | 79 | 101 | 103 | 132 |
| Expenses + | 14 | 20 | 31 | 40 | 40 | 32 | 48 | 56 | 47 | 87 |
| Operating Profit | 1 | 11 | 14 | 24 | 16 | 26 | 31 | 45 | 56 | 46 |
| OPM % | 8% | 36% | 31% | 38% | 28% | 45% | 39% | 45% | 54% | 35% |
| Other Income + | 0 | 0 | 1 | 3 | 4 | 4 | 7 | 14 | 10 | 13 |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 4 | 5 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 3 | 4 | 4 | 7 | 11 |
| Profit before tax | 1 | 11 | 14 | 26 | 19 | 26 | 33 | 53 | 55 | 44 |
| Tax % | 38% | 29% | 24% | 16% | 18% | 18% | 16% | 22% | 25% | 25% |
| Net Profit + | 1 | 8 | 11 | 22 | 16 | 21 | 27 | 41 | 45 | 37 |
| EPS in Rs | 7.20 | 3.69 | 5.20 | 10.61 | 7.59 | 10.14 | 13.12 | 19.98 | 21.53 | 18.46 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 8% | 7% | 2% | 0% | 0% | 0% |
Financials of Innovana Think.
Capital structure and asset base
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.20 | 4 | 4 | 10 | 10 | 10 | 20 | 20 | 20 | 21 |
| Reserves | 1 | 14 | 25 | 40 | 56 | 76 | 91 | 143 | 185 | 252 |
| Borrowings + | 2 | 0 | 1 | 1 | 1 | 15 | 12 | 23 | 44 | 58 |
| Other Liabilities + | 3 | 12 | 43 | 72 | 70 | 57 | 48 | 23 | 28 | 35 |
| Total Liabilities | 6 | 30 | 72 | 122 | 137 | 158 | 171 | 209 | 278 | 365 |
| Fixed Assets + | 1 | 9 | 13 | 12 | 14 | 28 | 27 | 30 | 59 | 84 |
| CWIP | 4 | 0 | 0 | 0 | 0 | 0 | 2 | 5 | 12 | 5 |
| Investments | 0 | 2 | 28 | 46 | 41 | 41 | 39 | 49 | 59 | 80 |
| Other Assets + | 2 | 19 | 31 | 64 | 83 | 88 | 103 | 124 | 148 | 195 |
| Total Assets | 6 | 30 | 72 | 122 | 137 | 158 | 171 | 209 | 278 | 365 |
Financials of Innovana Think.
Operating, investing and financing cash movement
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 2 | 6 | 39 | 37 | 15 | -4 | 4 | 0 | 35 | 27 |
| Cash from Investing Activity + | -4 | -7 | -30 | -19 | -8 | -14 | -47 | -15 | -19 | -53 |
| Cash from Financing Activity + | 2 | 7 | 0 | 6 | 1 | 23 | -5 | 16 | -10 | 25 |
| Net Cash Flow | -0 | 5 | 9 | 24 | 8 | 5 | -48 | 1 | 6 | -1 |
| Free Cash Flow | -2 | -2 | 21 | 19 | 19 | -20 | 0 | -11 | 19 | 14 |
| CFO/OP | 143% | 54% | 302% | 182% | 122% | 10% | 38% | 21% | 76% | 85% |
Financials of Innovana Think.
Working capital efficiency and return ratios
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 1 | 13 | 42 | 48 | 103 | 121 |
| Inventory Days | 0 | 0 | 0 | 0 | 172 | 241 | ||||
| Days Payable | 589 | 244 | ||||||||
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | -415 | 13 | 42 | 48 | 103 | 118 |
| Working Capital Days | -36 | 7 | -221 | -277 | -244 | -243 | -69 | 78 | 124 | 109 |
| ROCE % | 100% | 58% | 63% | 31% | 31% | 26% | 32% | 26% | 16% |
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