Approval of Audited Standalone and Consolidated Financial Results for the 4th Quarter and year ended March 31, 2026
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Covance Softsol Limited reported strong audited results for FY2026 ending March 31. On standalone basis, revenue grew to Rs 7,968 lakhs (up 87% YoY) with PAT of Rs 3,170 lakhs (up 209% YoY) and EPS of Rs 17.02. On consolidated basis, revenue was Rs 14,596 lakhs (up 43.5% YoY) with PAT of Rs 3,438 lakhs (up 184% YoY) and EPS of Rs 18.46. The high standalone growth partly reflects the demerger of IT/ITES business from Softsol India Limited effective September 2024. Consolidated results include wholly-owned US subsidiary Softsol Resources Inc. A rights issue in September 2025 raised Rs 7.38 crore (73.82 lakh shares at Rs 10 each), fully used to repay dues to Softsol India Limited. Statutory auditors issued an unmodified (clean) opinion on both standalone and consolidated results.
The company delivered exceptional profit growth exceeding 180% on consolidated basis, driven by the demerger and likely strong performance from its US subsidiary. The clean audit opinion and strong cash generation from operations (Rs 2,310 lakhs standalone) are positive signals for investors, though the dramatic PAT growth warrants monitoring of sustainability.