California Software Company Limited Reports Audited FY26 Results With Qualified Opinion Apr 30, 2026
California Software Company Limited announced its audited financial results for the quarter and year ended March 31, 2026, following a Board meeting held on April 29, 2026. The company reported standalone revenue from operations of Rs 1,965.76 lakhs for the full financial year, compared to Rs 544.64 lakhs in the previous year. Net profit after tax for FY26 stood at Rs 1,062.63 lakhs, up from Rs 71.94 lakhs in FY25. For the quarter ended March 31, 2026, revenue reached Rs 1,402.64 lakhs with a net profit of Rs 919.74 lakhs. Statutory auditors K. Gopal Rao & Co. issued a qualified opinion on both standalone and consolidated financial results, citing concerns regarding current tax asset of Rs 380.02 lakhs subject to reconciliation, investment in equity instruments of Rs 311.38 lakhs requiring impairment testing, and overdue trade receivables of Rs 1,088.21 lakhs plus Rs 18.41 lakhs under other current financial assets without provision. The auditors also drew attention to other current financial assets of Rs 2,018.69 lakhs, which includes Rs 2,000 lakhs treated as advance for investment in a foreign company. Total assets as of March 31, 2026, stood at Rs 5,268.11 lakhs, with total equity increasing to Rs 4,437.68 lakhs.