California Software Reports Q1 FY26 Results Amid Auditor Concerns
California Software Company Limited announced unaudited Q1 FY26 results with consolidated revenue of Rs 154.59 crore, up 43.6% YoY but down 22.3% QoQ. Net profit reached Rs 19.32 crore, slightly up from Q1 FY25 but down from Q4 FY25. The company's auditors, K. Gopal Rao & Co., issued a qualified review report highlighting concerns including long-standing trade receivables, unconfirmed payables, and discrepancies in financial reporting. The subsidiary, Aspire Communications Private Limited, reported nil revenue and profit for the quarter.