Approval of Unaudited Standalone and Consolidated Financial Results for the Quarter ended September 30, 2025 and other items
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The board of Covance Softsol approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, along with a clean (unqualified) limited review report from auditor Pavuluri & Co. Standalone Q2 results were mixed: revenue from operations fell about 16% year-on-year to ₹36.18 crore (vs ₹42.96 crore in Q2 FY25), but profit after tax jumped sharply from ₹1.17 crore to ₹12.52 crore, driven by higher other income. On a consolidated basis, H1 FY26 revenue grew roughly 14% to ₹123.85 crore, and consolidated H1 PAT rose about 32% to ₹17.01 crore. H1 consolidated EPS stood at ₹7.65 vs ₹6.13 earlier. The board also dissolved the Rights Issue Committee (formed August 14, 2025) and noted the resignation of Director Mr. Bhaskar Rao Madala with effect from October 25, 2025. Operating cash flow was negative on both standalone (₹-5.27 crore) and consolidated (₹-13.51 crore) bases for the half year.
Strong bottom-line growth is positive for shareholders, but the drop in standalone Q2 revenue and negative operating cash flows warrant attention. The dissolution of the Rights Issue Committee and a director resignation introduce some near-term governance uncertainty that investors should monitor.