California Software reported FY26 standalone net profit of ₹1062.63 lakhs, a significant increase from ₹71.94 lakhs in FY25.
Auditors issued a qualified opinion citing unreconciled tax assets, potential impairment on investments, and unprovided provisions on overdue receivables.
The board approved reclassifying ₹2000 lakhs from trade receivables to 'advance for investment', raising recoverability concerns.
Consolidated results include subsidiary Aspire Communications, which is immaterial to the group's overall financials.