Results - Announcements
Covance Softsol Ltd share price slipped 4.98% to Rs 164.05 after the company's net profit tanked by 45.69% to Rs 6.87 crore, while revenue from operations softened by 4% to Rs 28.1 crore in Q2FY27 over Q2FY26.
The market capitalization of Computers - Software & Consulting industry group stocks on BSE stood at Rs 26.31 lakh crore, easing 3.58%. It has marginally improved by 1.32% over last one week and gained upto 2.03% in last one month while the market capitalization of Covance Softsol Ltd has slipped by 3.16% and 29.42% in the same period respectively.
Profit before tax (PBT) of Covance Softsol Ltd stood at Rs 9.29 crore in Q2 FY27, declining 5.11% year-on-year, and plunging by 42.51% quarter-on-quarter. EBITDA came in at Rs 3 crore, crashing by 153.68% YoY and nosediving by 53.48% sequentially.
Total expenses posted a minor rise of 0.21% to Rs 24.2 crore in Q2FY27 over Q2FY26. During the quarter, employee benefits expense was at Rs 15.48 crore, dipping slightly 6.35% YoY.
For FY26, revenue from operations soared by 43.52% to Rs 145.96 crore, while net profit jumped 183.66% to Rs 34.38 crore, compared to previous FY. EBITDA jumped by 25% to Rs 31.12 crore, and PBT surged 182.91% to Rs 46.51 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 3.91 crore in FY26, as against Rs 18.43 crore in FY25.
Covance Softsol Ltd rallied 112.31% in last one year, significantly outperforming the benchmark BSE Sensex which has eased by 2.91% during the same period.