Innovision Limited, an integrated infrastructure and services platform, has announced its financial results for the fourth quarter and the full fiscal year ended March 31, 2026, showcasing steady revenue growth and improved profitability.
Financial Highlights
The company reported total income of Rs 986.6 crore for FY26, with EBITDA growing by 18% to Rs 61.1 crore. Profit after tax (PAT) increased by 25% year-on-year to Rs 36.4 crore, supported by operational efficiencies, an improving business mix, and strong execution across key verticals.
Business Vertical Performance
Innovision's diversified business platform spans manpower solutions, toll management, skill development, and emerging drone-led services. The toll plaza management business remained a key growth driver, with 12 active NHAI toll plazas under management. The company is strategically positioned to bid for additional projects, targeting over 30 toll plazas in the medium term, supported by increasing toll outsourcing opportunities and dedicated IPO proceeds.
The manpower and integrated facility management (IFM) vertical deployed over 15,000 personnel across 23 states and five Union Territories, providing operational scale and revenue visibility. Demand is driven by infrastructure expansion, outsourcing trends, and formalization in India's services ecosystem. Expansion into higher-value IFM, payroll outsourcing, and integrated workforce solutions is expected to further strengthen growth and profitability.
The skill development vertical gained momentum under government-backed programs such as PM Vishwakarma, PMKVY, and SANKALP, with enrolments scaling meaningfully during the year. This fully government-funded ecosystem offers strong long-term growth visibility and healthy margin potential.
Drone Services Expansion
FY26 marked a strategic milestone with accelerated expansion into drone manufacturing and drone-as-a-service (DAAS), aerial intelligence, surveillance, and defence-oriented drone solutions through its subsidiary, Aerodrone Robotics. As one of fewer than 50 DGCA-approved remote pilot training organizations (RPTOs) in India, Innovision is well-positioned in a rapidly expanding market. The company strengthened its pilot training infrastructure, expanded capabilities in aerial surveys, surveillance, and infrastructure inspection, and laid the foundation for scalable recurring revenues in the DAAS ecosystem.
Management Commentary
Lt. Col. Randeep Hundal, Chairman and Managing Director of Innovision Limited, expressed satisfaction with the company's performance, highlighting the strength and scalability of its integrated infrastructure services platform. He noted that the company is focused on scaling toll operations, expanding manpower deployment and IFM capabilities, increasing skill development enrolments, and accelerating commercial execution in the drone segment in FY27. With strong government-linked revenue visibility, an improving business mix, and a scalable operating platform, the company is confident of achieving 50-60% CAGR over the medium term and creating long-term value for stakeholders.
About Innovision Limited
Innovision Limited is an integrated services company offering solutions across manpower outsourcing, toll management, and drone-based services. The company recently completed its initial public offering (IPO) aggregating Rs 3,192.5 million, comprising a mix of fresh issue and offer for sale, and is listed on the BSE and NSE. With a diversified service portfolio and strong execution capabilities, Innovision is well-positioned to capitalize on opportunities across infrastructure and technology-enabled service segments in India.
Disclaimer: This document contains forward-looking statements, which are not historical facts and are subject to risks and uncertainties such as government actions, local developments, and technological risks. The company is not responsible for any actions taken based on these statements and does not commit to publicly updating them to reflect future events or circumstances.
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