Newspaper Publication for audited financial results for the 4th quarter and financial year ended 31st March,2026
Awaiting price reaction for this filing.
Capricorn Systems Global Solutions reported a dramatic turnaround in FY2026 with net profit of Rs. 18.17 lakhs compared to a loss of Rs. 91.08 lakhs in FY2025. Total revenue surged to Rs. 2903.51 lakhs from just Rs. 100.81 lakhs year-over-year, primarily driven by a new Processing & Trading in Agri Products segment contributing Rs. 2796.81 lakhs. The company completed a rights issue raising Rs. 2397.60 lakhs, increasing share capital from Rs. 399.60 lakhs to Rs. 2797.20 lakhs. However, operating cash flow was negative at Rs. 2290.34 lakhs due to a large increase in trade receivables of Rs. 1722.72 lakhs. The Software Development segment continues to report losses of Rs. 8.35 lakhs.
The company has successfully pivoted to agri-products trading as its main business driver, turning profitable. However, the significant receivables buildup and negative operating cash flow warrant monitoring. The large equity infusion strengthens the balance sheet but raises questions about capital deployment.