Key Decisions and Approvals
The Board of Directors meeting held on August 14, 2026, from 3:45 PM to 4:40 PM approved:
- Unaudited Standalone and Consolidated Financial Results for quarter ended June 30, 2026
- Board's Report for financial year 2025-2026
- 3rd Annual General Meeting on September 30, 2026, at 11:30 AM through VC/OAVM
- Closure of Register of Members and Share Transfer Books from September 24, 2026 to September 30, 2026 (both days inclusive)
- Appointment of M/s. B S S & Associates, Company Secretaries as Scrutinizer
- Appointment of KFin Technologies Limited for e-voting and video conferencing facilities
Financial Results - Standalone (Quarter ended June 30, 2026)
Income:
- Revenue from operations: ₹1,183.99 lakhs
- Other income: ₹517.03 lakhs
- Total income: ₹1,701.02 lakhs
Expenses:
- Employee benefits expense: ₹749.22 lakhs
- Finance costs: ₹35.22 lakhs
- Depreciation and amortization: ₹1.23 lakhs
- Other expenses: ₹78.33 lakhs
- Total expenses: ₹864.00 lakhs
Profitability:
- Profit before tax: ₹837.02 lakhs
- Tax expense: ₹209.75 lakhs (Current tax: ₹210.50 lakhs, Deferred tax: ₹-0.75 lakhs)
- Profit after tax: ₹627.27 lakhs
- Other comprehensive income: ₹-3.74 lakhs
- Total comprehensive income: ₹623.53 lakhs
Earnings per share:
- Basic EPS: ₹2.83
- Diluted EPS: ₹2.83
Financial Results - Consolidated (Quarter ended June 30, 2026)
Income:
- Revenue from operations: ₹2,926.62 lakhs
- Other income: ₹1,187.63 lakhs
- Total income: ₹4,114.25 lakhs
Expenses:
- Employee benefits expense: ₹498.44 lakhs
- Finance costs: ₹307.94 lakhs
- Depreciation and amortization: ₹1.23 lakhs
- Other expenses: ₹1,690.85 lakhs
- Total expenses: ₹2,498.46 lakhs
Profitability:
- Profit before tax: ₹1,615.79 lakhs
- Tax expense: ₹350.82 lakhs (Current tax: ₹351.57 lakhs, Deferred tax: ₹-0.75 lakhs)
- Profit after tax: ₹1,264.97 lakhs
- Other comprehensive income: ₹1,923.31 lakhs
- Total comprehensive income: ₹3,188.28 lakhs
Earnings per share:
- Basic EPS: ₹2.85
- Diluted EPS: ₹2.85
Subsidiary Information
Consolidated results include wholly owned US subsidiary Softsol Resources Inc with:
- Total revenues: ₹17.43 crores for quarter ended June 30, 2026
- Net profit after tax: ₹6.37 crores for quarter ended June 30, 2026
- Total comprehensive income: ₹25.71 crores for quarter ended June 30, 2026
The subsidiary's results were not audited/reviewed by auditors but reviewed and certified by management.
Capital Structure
- Paid-up equity share capital: ₹2,214.55 lakhs (Face value ₹10 per share)
- Other equity (Standalone): ₹14,181.52 lakhs
Additional Information
- Single business segment: IT/ITES as per Ind AS 108
- Previous period figures regrouped where necessary
- Results available on company website: www.covance.ai