Innova Captab Limited has announced the revision of its consolidated and standalone financial results for the fiscal year ended March 31, 2026. The revisions, driven by the correction of inadvertent errors including deferred tax adjustments, result in an improved reported profit and other comprehensive income. The company has also updated its balance sheet and cash flow statements to reflect these changes, which do not materially impact the overall financial position or cash flows.
Innova Captab Revises Financial Results
Innova Captab Limited has issued revised consolidated and standalone financial results for the quarter and year ended March 31, 2026. These revisions stem from the identification and correction of inadvertent errors, notably related to deferred tax liabilities and assets, which had previously led to an overstatement of deferred tax assets and equity. The company has retroactively applied these corrections in line with Indian Accounting Standards (Ind AS 8).
Key Financial Adjustments
The revised statements reflect an improved net profit and total comprehensive income for the year ended March 31, 2026. For instance, the consolidated profit for the year increased by ₹21.70 million, bringing the total to ₹1,431.83 million. Similarly, consolidated other equity saw an adjustment of (₹105.37 million), resulting in a revised total equity of ₹10,815.14 million as of March 31, 2026. Standalone results also show an increase in profit for the year by ₹12.39 million.
Operational and Investment Updates
In addition to the financial restatements, the Board of Directors also approved a brownfield expansion of the manufacturing facility at Baddi, Himachal Pradesh. The project aims to increase production capacity, improve operational efficiency, and optimize manufacturing costs, supporting the company’s long-term growth strategy. The investment required is approximately ₹45,00,00,000.00 (Rupees Forty Five Crore) and will be financed through a combination of bank credit facilities and internal accruals.
Source: BSE
