Innova Captab revises FY26 results, approves Rs 45cr capex

What changed in the revised FY26 numbers

Innova Captab Ltd (NSE: INNOVACAP) revised its consolidated financial results for the quarter and fiscal year ended March 31, 2026, after identifying inadvertent accounting errors. The Board of Directors approved the restated figures on August 21, 2026. The company said the revisions do not have a material impact on its financials. Alongside the restatement, the board also approved a brownfield expansion at its Baddi facility in Himachal Pradesh.

Board decision dated August 21, 2026

The company said the revised consolidated and standalone financial results were approved by its board on August 21, 2026. The revisions relate to deferred tax accounting and certain classification changes in liabilities. Innova Captab also highlighted that the adjustments do not materially affect profit, equity, assets, or earnings per share. Separately, the board cleared capacity expansion plans for the manufacturing facility in Baddi.

Deferred tax corrections: what the company cited

Innova Captab stated that the revisions primarily involve retrospective correction of deferred tax liabilities linked to a historical business combination. It also recognised a deferred tax asset under Section 80JJAA of the Income Tax Act as part of the restatement. These were described as inadvertent errors that were subsequently identified and corrected. The company’s communication emphasised that the changes are accounting in nature.

Reclassification related to supplier finance

Apart from deferred tax items, Innova Captab disclosed a reclassification of liabilities. It reclassified Rs 18.51 crore from trade payables to other financial liabilities related to supplier finance. The company said these adjustments do not materially affect the reported profit, equity, assets, or earnings per share. This disclosure is relevant for investors tracking working capital presentation and financing structures.

Revised Q4FY26 performance versus Q4FY25

The revised quarterly numbers show strong year-on-year growth in revenue from operations and net profit.

Revenue from operations for Q4FY26 (revised) was reported at ₹4,478.02 million, compared with ₹3,147.41 million for Q4FY25 (restated), a rise of 42.3%. Net profit for Q4FY26 (revised) stood at ₹403.49 million versus ₹285.66 million in Q4FY25 (restated), up 41.2%. In crore terms, these translate to revenue of about ₹447.80 crore and net profit of about ₹40.35 crore for Q4FY26, based on the table figures.

Full-year FY26 revenue and profit: revised picture

For the full fiscal year ended March 31, 2026, the company reported consolidated revenue of ₹16,300.18 million, up from ₹12,436.76 million in FY25. Net profit for FY26 was reported at ₹1,431.83 million, compared with ₹1,272.51 million in FY25. In crore terms, this implies FY26 revenue of about ₹1,630.02 crore and FY26 net profit of about ₹143.18 crore.

The provided disclosures also include other FY26 figures, including revenue of ₹1,637.44 crore (versus ₹1,255.73 crore in FY25) and operating profit of ₹188.26 crore (versus ₹171.02 crore). Additionally, the company cited consolidated revenue from operations of ₹1,630.02 crore for FY26 and profit after tax (PAT) of ₹140.92 crore, with EBITDA of ₹250.34 crore and an EBITDA margin of 15.4%. These figures are presented in the supplied material and indicate multiple reported line items across disclosures.

Brownfield expansion: Rs 45 crore capex at Baddi

Along with the revised audited results, Innova Captab’s board approved a Rs 45 crore brownfield expansion at its Baddi, Himachal Pradesh facility. The company described it as a manufacturing capacity expansion plan. No additional commissioning timeline or capacity details were provided in the supplied information. The approval links the financial disclosure with a capital allocation decision that could be relevant to medium-term operating plans.

Market and investor context from recent disclosures

As of August 21, 2026, the market capitalisation of INNOVACAP was stated as ₹6,195.17 crore. The company also reported quarterly movements for the period ended June 2026, including revenue of ₹472.86 crore versus ₹449.36 crore in March 2026, operating profit of ₹58.99 crore versus ₹50.68 crore, and profit of ₹44.13 crore versus ₹38.08 crore. EPS for June 2026 was stated at ₹24.63.

Separately, Innova Captab announced its Q4 FY 2025-26 results on May 8, 2026, and reported total income of ₹449.36 crore for Q4FY26 in the supplied material. Investors tracking the stock may focus on how the revised audited figures align with earlier releases and how the company frames the “no material impact” conclusion.

Key numbers at a glance (normalised to ₹ crore where applicable)

Why the restatement matters

Restatements typically draw attention because they test the reliability of past reporting and controls, even when companies state there is no material impact. Here, the stated reasons are specific: deferred tax liabilities connected to a historical business combination, recognition of a deferred tax asset under Section 80JJAA, and a reclassification related to supplier finance. For investors, these disclosures help clarify where the accounting changes occurred and how the company presents its balance sheet obligations.

The simultaneous approval of a Rs 45 crore brownfield expansion is a separate corporate action that adds an operating dimension to the announcement. The key watchpoint remains how consistently the revised audited numbers map to earlier published quarterly and full-year figures across different company updates.

Conclusion

Innova Captab’s board approved revised FY26 and Q4FY26 financial results on August 21, 2026, citing deferred tax accounting corrections and a liability reclassification, while stating there is no material impact on core financial metrics. At the same meeting, it approved a Rs 45 crore brownfield expansion at its Baddi facility. Investors are likely to track subsequent filings for additional operational details on the expansion and any further clarifications around the revised audited numbers.