Approval of Audited Standalone and Consolidated Financial Results for the 4th Quarter and year ended on March 31, 2026
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Covance Softsol Limited reported strong consolidated revenue of ₹14,596.28 lakhs for FY2026, up 43.5% from ₹10,169.61 lakhs in the prior year, driven by its wholly-owned US subsidiary Softsol Resources Inc. Consolidated PAT surged 183.7% to ₹3,437.78 lakhs from ₹1,211.78 lakhs, with net margin expanding to 23.6% from 11.9%. Standalone revenue grew 37% to ₹2,836.65 lakhs, but standalone PAT fell 32.2% to ₹632.13 lakhs from ₹932.67 lakhs, indicating margin compression at standalone level. Other income on standalone basis more than doubled to ₹757.65 lakhs. The company completed a ₹7.38 crore rights issue in September 2025 and used proceeds to repay dues to Softsol India Limited. Auditors Pavuluri & Co. issued an unmodified opinion. The demerger from Softsol India Limited became effective September 2024.
The 184% consolidated PAT growth and margin expansion to 23.6% signal strong profitability, though the 32% standalone PAT decline despite 37% revenue growth raises concerns about standalone cost efficiency. The significant jump in receivables and working capital changes warrant monitoring.