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ERP Soft Systems' board, meeting on August 13, 2025, approved unaudited Q1 FY26 results. On a standalone basis, revenue fell to Rs 31.01 lakhs from Rs 44.40 lakhs in Q1 FY25 (down ~30% YoY), while net profit rose to Rs 1.96 lakhs (EPS Rs 0.05) from Rs 1.21 lakhs a year ago. Consolidated results, which include US subsidiary Libertycom LLC, showed revenue of Rs 313.04 lakhs (up ~21% YoY) and net profit of Rs 4.54 lakhs (EPS Rs 0.11), confirming the subsidiary as the main growth engine. The board also accepted the mid-term resignation of statutory auditor Vijayaraghavan & Associates citing official commitments, and appointed Sudhakar & Kumar Associates for a five-year term to fill the casual vacancy. The outgoing auditor's limited review report was clean with no qualifications or concerns flagged.
Auditor change mid-term is a routine corporate event and the cited reason (capacity constraints) is benign, supported by a clean handover report, but investors should watch the new auditor's first full-year audit. Standalone revenue decline is a soft spot, though consolidated profitability remains intact, driven by the US subsidiary.