Announced Mon, 20 Jul · 21:10 IST
Q1FY27: revenue up 4x YoY but auditor gives qualified opinion
CALSOFT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.6%1-day move
₹23.08
prior close
₹24.20
base price
After-mkt
timing
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AI summary
California Software posted Q1FY27 revenue of Rs 662.88 lakhs versus Rs 154.59 lakhs a year earlier, a 4.3x jump. Profit after tax rose sharply to Rs 419.39 lakhs from Rs 19.32 lakhs. Still, the auditor issued a qualified conclusion citing three issues: Rs 2336.55 lakhs in long-pending trade receivables without expected credit loss provision, an unreconciled Rs 380.02 lakhs current tax asset, and Rs 311.38 lakhs in subsidiary investment not impairment tested.
Likely market impact
Strong sales and profit growth are positives, but the qualified auditor opinion flags recoverability of large receivables and weak controls.