We wish to inform you that, at the meeting of the Board of Directors of the Company held today Viz., August 14, 2025, has inter-alia, considered and approved the unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June30, 2025.Please find enclosed herewith a copy of the unaudited Financial results (Standalone and Consolidated) of the Company as per Indian Accounting Standards (IND AS) for the quarter ended June 30, 2025 along with Limited Review Report thereon as per the prescribed format pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015.The unaudited Financial Results for the quarter ended 30June 2025 along with Limited Review Report will be made available on the Company's website www.calsofts.com.The Board meeting commenced at 16.00 Hrs. and concluded at 20.00 Hrs.
CALSOFT · price
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California Software Company Limited announced its unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025) at a board meeting held on August 14, 2025. Revenue from operations rose to Rs. 154.59 lakhs, up about 44% from Rs. 107.63 lakhs in Q1 FY25, while total expenses grew to Rs. 128.48 lakhs. Profit after tax stood at Rs. 19.32 lakhs versus Rs. 17.33 lakhs in the year-ago quarter, translating to an EPS of Rs. 0.03. The statutory auditor, K. Gopal Rao & Co., issued a qualified conclusion on both the standalone and consolidated results, flagging concerns including unprovided for expected credit loss on Rs. 1,977.28 lakhs of long-outstanding trade receivables, missing balance confirmations for trade payables of Rs. 328.45 lakhs, unreconciled current tax balances, absence of a fixed asset register, and unreviewed subsidiary financials. Standalone and consolidated numbers are identical, indicating the subsidiary (Aspire Communications Private Limited) contributed nothing material to the results.
Strong top-line growth is a positive, but the auditor's qualified opinion on key items like trade receivables and fixed assets raises concerns about the reliability of the reported numbers and the quality of earnings. Shareholders should treat the headline profit figure with caution until the company provides for potential bad debts and reconciles its balances.