Innovana Thinklabs Astro and Games posts quarterly loss

Innovana Thinklabs Limited reported a Rs 1.81 crore segment loss before interest and tax from Astro Services and Game Studio in the quarter ended 30 September 2026, despite Rs 15.38 crore of gross segment revenue. Management said Astro Services was spending on digital customer acquisition, brand building and expansion while operating at its current growth stage.

Why did Innovana Thinklabs' Astro and Games segment report a loss?

Innovana Thinklabs' Astro Services and Game Studio segment reported a Rs 1.81 crore loss before interest and tax in the September 2026 quarter, reversing a Rs 31.06 lakh profit in the June 2026 quarter and a Rs 7.94 lakh profit in the September 2025 quarter. The result turned negative while the segment generated Rs 15.38 crore of quarterly gross revenue.

The filing says Astro Services incurred digital advertising expenditure primarily for customer acquisition, brand building and business-growth initiatives through digital platforms. Management said marketing and promotional expenses were comparatively higher than current revenue levels because the Astro business was in a growth and expansion stage. It described the expenditure as intended to expand brand visibility, customers and market penetration, while supporting long-term revenue generation and scalability.

Innovana Thinklabs reported Rs 10.58 crore of consolidated digital advertising expense in the September 2026 quarter, compared with Rs 2.18 crore in June 2026 and Rs 2.49 crore in September 2025. The company specifically connects Astro Services' advertising to its expansion plan, but does not disclose how much of the consolidated advertising line was incurred by Astro Services or Game Studio.

How did Astro and Games revenue change across periods?

Innovana Thinklabs' Astro Services and Game Studio generated Rs 15.38 crore of gross revenue in the quarter ended 30 September 2026, down from Rs 16.19 crore in the June quarter but up from Rs 9.17 crore in the September 2025 quarter. Revenue fell Rs 81.08 lakh sequentially and increased Rs 6.20 crore from the prior-year quarter.

For the half year ended 30 September 2026, gross revenue from Astro Services and Game Studio was Rs 31.57 crore, against Rs 16.08 crore in the half year ended 30 September 2025. The Rs 15.49 crore year-on-year increase was recorded even though the September-quarter figure trailed the June-quarter result.

The disclosed segment combines online Astro services and related work with online gaming applications or online game portals. Innovana Thinklabs therefore does not separate the revenue generated by Astro Services from that generated by Game Studio, nor does it provide separate profitability figures for the two activities.

How did Astro and Games compare with Innovana Thinklabs' other segments?

Astro Services and Game Studio was Innovana Thinklabs' second-largest gross-revenue segment in the September 2026 quarter, at Rs 15.38 crore, behind Software Product Sales at Rs 17.03 crore. It was ahead of Gym and Fitness at Rs 11.42 crore, Green Energy at Rs 2.97 crore and Construction and Infrastructure at Rs 1.99 crore.

Despite its second-place revenue ranking, Astro Services and Game Studio was the only segment with a material negative result before interest and tax in the quarter, at a Rs 1.81 crore loss. Software Product Sales reported Rs 9.37 crore, Gym and Fitness reported Rs 1.12 crore, and Construction and Infrastructure and Green Energy each reported Rs 28.60 lakh.

Software Product Sales' segment result fell from Rs 15.56 crore in September 2025 to Rs 9.37 crore in September 2026, while Gym and Fitness increased from Rs 78.39 lakh to Rs 1.12 crore. Aggregate segment result before interest and tax declined to Rs 9.24 crore from Rs 16.93 crore, reflecting movements across the group's reported businesses as well as the Astro Services and Game Studio loss.

What was the effect on Innovana Thinklabs' consolidated profit?

Innovana Thinklabs reported consolidated profit before tax of Rs 7.36 crore for the quarter ended 30 September 2026, down from Rs 15.31 crore a year earlier, while Astro Services and Game Studio posted its Rs 1.81 crore segment loss. Consolidated total income increased to Rs 46.33 crore from Rs 37.11 crore, but total expenses rose to Rs 38.97 crore from Rs 21.80 crore.

On an earnings before interest, depreciation and tax basis, Astro Services and Game Studio recorded a Rs 1.81 crore loss in September 2026, compared with Rs 31.61 lakh of earnings in June 2026 and Rs 9.04 lakh a year earlier. Group earnings before interest, depreciation and tax were Rs 10.77 crore, compared with Rs 18.62 crore in the September 2025 quarter.

Innovana Thinklabs reported finance cost of Rs 1.88 crore in the September 2026 quarter, compared with Rs 1.61 crore a year earlier. Its consolidated net profit for the period was Rs 6.57 crore, down from Rs 12.66 crore in September 2025, showing that the segment loss occurred within a quarter in which group profit remained positive but was lower year on year.

How are the Astro and Games figures reported?

Innovana Thinklabs presented the Astro Services and Game Studio figures as part of its unaudited consolidated results for the quarter and half year ended 30 September 2026. The Audit Committee and Board approved the results on 14 November 2026, and the statutory auditor issued an unmodified limited review report.

The segment table reports gross revenue before deductions for inter-segment revenue, which were Rs 2.47 crore at group level in the September 2026 quarter. The company also reported no segment assets or liabilities because group assets and liabilities are used interchangeably among segments and management said a meaningful allocation was not practicable.

The segment's half-year result was a Rs 1.50 crore loss before interest and tax on Rs 31.57 crore of gross revenue, compared with a Rs 56.65 lakh profit on Rs 16.08 crore in the prior-year half year. That comparison shows that the revenue expansion over six months did not translate into a positive segment result during the reported period.

Conclusion

Innovana Thinklabs' September 2026 results show that Astro Services and Game Studio expanded gross revenue year on year while returning to a quarterly loss. The segment recorded Rs 15.38 crore of gross revenue and a Rs 1.81 crore loss before interest and tax, contrasting with positive results reported by Software Product Sales, Gym and Fitness, Construction and Infrastructure, and Green Energy.

The next reporting periods will show whether management's stated customer-acquisition, brand-building and market-penetration plan changes the relationship between Astro Services' promotional spending and segment profitability. For the half year ended 30 September 2026, the segment reported a Rs 1.50 crore loss despite Rs 31.57 crore of gross revenue, and the company has not disclosed a separate advertising-cost figure or separate Astro and gaming results.