Innovision Limited (INNOVISION)
₹252.80 +0.72% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Innovision's revenue was ₹264 Cr (+18.3% year on year, -1.6% on the previous quarter), and net profit ₹-7.3 Cr (against a profit a year earlier); the operating margin was -3.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹264 | +18.3% | -1.6% |
| Operating profit | ₹-10.1 | to loss | to loss |
| Net profit | ₹-7.3 | to loss | to loss |
| EPS (₹) | -2.96 | to loss | to loss |
| Operating margin | -3.8% | — | — |
INNOVISION delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 65.96% of the INNOVISION shares traded on NSE were taken to delivery, against the stock's own 20-session average of 61.22%. That is close to its usual level. Turnover was only ₹24 lakh, so a handful of trades can move this figure. Volume was 0.1 times its average, well below normal.
Delivery in the last 5 sessions: 64.5% · 57.1% · 76.0% · 89.4% · 66.0%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Innovision Limited has submitted its quarterly certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by Registrar and Share Transfer Agent, KFin Technologies Limited, dated October 08, 2026. KFin Technologies confirmed that there were zero requests received for dematerialization or rematerialization of shares during the quarter. This filing is purely statutory and has no financial or operational impact.
- Compliance submission under Regulation 74(5) for the quarter ended September 30, 2026
- RTA KFin Technologies issued certificate dated October 08, 2026
- Confirmed zero (0) requests received for dematerialization or rematerialization during the quarter
Innovision Limited announced that Mr. Pawan Kumar has resigned from his position as Non-Executive Independent Director, effective October 5, 2026. The resignation was attributed to other professional commitments and personal reasons, with confirmation that no other material reasons exist. He held directorships and committee positions in nil other listed companies. The disclosure was submitted to the exchanges on October 9, 2026.
- Independent Director Mr. Pawan Kumar tendered resignation letter dated October 5, 2026
- Cessation is effective immediately from October 5, 2026
- Directorships and committee positions in other listed entities stated as NIL
- Formal confirmation provided that there are no other material reasons for resignation
Innovision Limited announced that Mr. Pawan Kumar has resigned from his position as Non-Executive Independent Director, effective October 5, 2026. The resignation was attributed to other professional commitments and personal reasons, with confirmation that no other material reasons exist. He held directorships and committee positions in nil other listed companies. The disclosure was submitted to the exchanges on October 9, 2026.
- Independent Director Mr. Pawan Kumar tendered resignation letter dated October 5, 2026
- Cessation is effective immediately from October 5, 2026
- Directorships and committee positions in other listed entities stated as NIL
- Formal confirmation provided that there are no other material reasons for resignation
Innovision Limited announced that Mr. Pawan Kumar has resigned from his position as Non-Executive Independent Director, effective October 5, 2026. The resignation was attributed to other professional commitments and personal reasons, with confirmation that no other material reasons exist. He held directorships and committee positions in nil other listed companies. The disclosure was submitted to the exchanges on October 9, 2026.
- Independent Director Mr. Pawan Kumar tendered resignation letter dated October 5, 2026
- Cessation is effective immediately from October 5, 2026
- Directorships and committee positions in other listed entities stated as NIL
- Formal confirmation provided that there are no other material reasons for resignation
Innovision Limited's subsidiary, Aerodrone Robotics Private Limited, has secured a domestic work order worth ₹1.97 crore from the Indian Army (Ministry of Defence). The contract involves the supply of 225 units of 7-inch First Person View (FPV) drones to be executed within 6 months. Financially, the contract is small relative to Innovision's scale, representing approximately 0.19% of its TTM revenue of ₹1,022 crore. However, it marks an entry into defence robotics supply, diversifying beyond its core staffing and facilities services.
- Subsidiary Aerodrone Robotics receives ₹1,97,48,450.25 (₹1.97 Cr) contract
- Supply of 225 units of 7-inch First Person View (FPV) drones to Indian Army
- Execution timeline set for 6 months
- Order granted via GeM bid by 15 Field Regiment, Dehradun
Innovision Limited has received a Letter of Award valued at Rs 2.40 crore from the Health and Family Welfare Department Chhattisgarh (Directorate of Medical Education). The contract entails providing unarmed security guards and security marshals over a 1-year execution period. Relative to Innovision's TTM revenue of Rs 1,022 crore, this order represents approximately 0.23% of annual revenue, making it immaterial to overall operations.
- Received Letter of Award valued at Rs 2,40,00,000 (Rs 2.40 crore)
- Contract duration is 1 year from the date of award
- Order received on 08.10.2026 under GeM Bid Number GEM/2026/B/7732887
- Awarded by Health and Family Welfare Department Chhattisgarh (Directorate of Medical Education)
NHAI has ordered the forfeiture of part Performance Security worth ₹1.60 crore and imposed a ₹3.60 lakh penalty on Innovision Limited. The action pertains to a June 10, 2022 contract for user fee collection at the Diengpasoh Fee Plaza on the Shillong Bypass following a forensic audit alleging ₹240 in excess toll charges across 8 transactions. NHAI has reserved rights to adjust the ₹1.60 crore from other ongoing contracts or common bank guarantees. In response, Innovision has announced plans to file a Writ Petition before an appropriate court challenging the forfeiture order.
- NHAI approved forfeiture of part Performance Security amounting to ₹1,60,00,000
- Penalty imposed by NHAI stands at ₹3,60,000
- Forensic audit by Deloitte alleged excess toll collection of ₹240 across 8 FASTag IDs on September 3, 2022
- Company plans to file a Writ Petition challenging the order
Innovision Limited has received two Letters of Award from NHAI dated September 7, 2026, for user fee collection mandates in Madhya Pradesh for a one-year tenure. The IDTL A and B Fee Plazas on NH-3 carry a gross consideration of ₹219.07 Cr, while the Pachwara Fee Plaza on NH-39 is valued at ₹24.53 Cr, bringing the combined gross value to ₹243.60 Cr (~23.8% of TTM revenue of ₹1,022 Cr). However, management clarified that this commercial consideration reflects gross toll collection remitted to NHAI, where Innovision retains an agreed spread rather than recognizing the full amount as net revenue. The model remains asset-light with working capital being the primary capital requirement.
- Won two NHAI toll plaza mandates in Madhya Pradesh with combined gross consideration of ₹243.60 Cr
- IDTL A & IDTL B Fee Plazas mandate carries a commercial consideration of ₹219,07,29,635
- Pachwara Fee Plaza mandate carries a commercial consideration of ₹24,52,79,635
- Both contracts have a tenure of 1 year and were awarded following competitive e-tender processes
Innovision Limited has secured a Letter of Award (LoA) from the National Highways Authority of India (NHAI) for toll collection and facility maintenance. The contract value is Rs 219,07,29,635 (~Rs 219.07 crore), executable over a period of 1 year. This single order represents approximately 21.4% of the company's TTM revenue of Rs 1,022 crore and 44.9% of its current market capitalization of Rs 488 crore. The contract covers the IDTL A and IDTL B fee plazas on the Indore Dewas section of NH-3 in Madhya Pradesh.
- Received Letter of Award from NHAI dated 07.09.2026
- Contract value stands at Rs 219,07,29,635 (approx. Rs 219.07 crore)
- Execution timeline is fixed at 1 year
- Scope covers toll collection and upkeep/maintenance of toilet blocks on Indore Dewas section of NH-3
Innovision Limited has received a Letter of Award from the National Highways Authority of India (NHAI) for user fee collection and upkeep of fee plazas on the Indore Dewas section of NH-3 in Madhya Pradesh. The commercial consideration for the contract stands at ₹219.07 crore, to be executed over a period of 1 year. This order represents approximately 21.4% of Innovision's TTM revenue of ₹1,022 crore and about 44.9% of its current market capitalization of ₹488 crore. The contract was awarded via competitive e-tendering on September 7, 2026, and does not involve related-party transactions.
- Received NHAI contract valued at ₹219,07,29,635 (~₹219.07 crore)
- Execution period is 1 year for toll collection and maintenance at IDTL A and IDTL B Fee Plazas on NH-3
- Order size represents ~21.4% of TTM revenue (₹1,022 crore) and ~44.9% of market cap (₹488 crore)
- Contract awarded following competitive bidding through E-Tender on September 7, 2026
The Directorate of Enforcement (ED), Lucknow Zonal Office, conducted search operations under Section 17 of the Prevention of Money Laundering Act (PMLA) at Innovision's corporate office and the residence of Chairman & Managing Director Randeep Hundal on September 2-3, 2026. The search examined records related to NHAI toll collection contracts and debarment proceedings currently under Delhi High Court stay. Officers copied certain electronic data onto a 16 GB pen drive and recorded the statement of the Chief Financial Officer under Section 17(1)(f) of the PMLA. The company reported no operational disruption and noted that financial impact is not ascertainable at this stage.
- ED search conducted at Gurugram office from 07:30 AM on September 2 to September 3, 2026 under Search Warrant No. 28/2026
- Search at CMD Randeep Hundal's residence concluded on September 2, 2026 with no incriminating documents seized per the Panchnama
- ED copied data onto a 16 GB pen drive and recorded the statement of the Chief Financial Officer under Section 17(1)(f) of PMLA
- Inquiry relates to NHAI debarment order dated 25.07.2025 and toll plaza collection records, which are currently stayed by Delhi High Court
Innovision Limited has secured a 1-year Letter of Award from the National Highways Authority of India (NHAI) valued at Rs 48.25 crore. The contract entails toll collection and facility maintenance at Mangapatnam Fee Plaza on NH-67 in Andhra Pradesh. The order value represents approximately 4.7% of the company's TTM revenue of Rs 1,022 crore and 9.8% of its market capitalization of Rs 493 crore.
- Received NHAI contract valued at Rs 48,25,29,635 (Rs 48.25 crore)
- Execution tenure specified as 1 year
- Scope covers toll user fee collection and facility maintenance at Mangapatnam Fee Plaza on NH-67 in Andhra Pradesh
- Order awarded via competitive bidding on September 2, 2026
Innovision Limited has received a Letter of Award from the National Highways Authority of India (NHAI) for engagement as a user fee collection agency at the Manambadi fee plaza on NH-36 in Tamil Nadu. The contract is valued at ₹30.37 crore (₹30,36,79,635) and is to be executed over a 1-year period. The order size represents approximately 3.0% of the company's TTM revenue of ₹1,022 crore. The scope also includes upkeep and maintenance of adjacent facility toilet blocks.
- Secured a ₹30.37 crore (₹30,36,79,635) contract from the National Highways Authority of India (NHAI)
- Contract duration is 1 year for toll collection and facility upkeep at Manambadi fee plaza on NH-36
- Order won via domestic competitive bidding with no promoter or related-party interest
- Order value equates to approximately 3.0% of company's TTM revenue of ₹1,022 crore
Innovision Limited received a Show Cause Notice under Section 74 of the CGST Act from the CGST Gurugram Commissionerate proposing a total GST recovery of ₹10.70 Cr (CGST ₹5.35 Cr + SGST ₹5.35 Cr) plus applicable interest and penalties. The dispute pertains to GST exemption claims on ₹59.47 Cr worth of outward supplies (User Fee/Toll Collection Services) spanning FY 2020-21 to FY 2024-25. The company stated that a substantially similar matter was set aside in its favor by the Commissioner CGST (Appeals), Dehradun on August 11, 2026. The proposed tax liability represents ~63% of the company's TTM PAT of ₹17 Cr, though no final demand has been adjudicated yet.
- Proposed GST recovery of ₹10,70,41,228.15 across FY 2020-21 to FY 2024-25
- Dispute covers outward taxable value of ₹59,46,73,489.70 relating to toll collection services
- Demand consists of ₹5,35,20,614.07 CGST and ₹5,35,20,614.07 SGST plus interest and penalties
- Company cites favorable appellate order dated August 11, 2026 from CGST Dehradun setting aside similar Section 74 demands
Innovision Limited has received a Letter of Award (LoA) from the National Highways Authority of India (NHAI) for a 1-year toll collection and facility maintenance contract. The contract covers the Etaura Bujurg and Akhtiyari Kotila fee plazas on the Raebareilly-Allahabad section in Uttar Pradesh. Total contract consideration is Rs 51,53,79,635 (Rs 51.54 Cr), representing approximately 5.04% of its TTM revenue of Rs 1,022 Cr. The award was secured via competitive e-tendering on August 20, 2026, and involves no promoter interest.
- Received Letter of Award (LoA) from NHAI on August 20, 2026, via competitive e-tendering
- Contract value stands at Rs 51,53,79,635 (Rs 51.54 Cr)
- Execution timeline is 1 year covering two fee plazas on the Raebareilly-Allahabad section in Uttar Pradesh
- Order value equates to approximately 5.04% of the company's TTM revenue (Rs 1,022 Cr)
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