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( As on 18/08/2025 17:20)

Covance Softsol L Q1 net profit zooms 4770.59% at Rs 8.28 cr

The company reported standalone net profit of Rs 8.28 crore for the quarter ended June 30, 2025 as compared to Rs 0.17 crore in the same period last year, registering a year-on-year growth of 4770.59 per cent.

Net revenue of the company rose three fold by 585.04 per cent at Rs 17.40 crore in April-June quarter of this fiscal as against Rs 2.54 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 100.57 per cent to Rs 7.00 crore from Rs 3.49 crore in year ago period.

Other Income dipped by 32.47 per cent at Rs 1.56 crore versus (Jun'24 Rs 2.31 crore).

Operating Profit surged by 1194.74 per cent to Rs 10.40 crore as against Rs -0.95 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 260.73 per cent in June quarter.

Interest declined by 13.91 per cent y-o-y to Rs 0.99 crore, while Taxation increased by 0.00 per cent at Rs 2.65 crore (Jun'24 Rs 0.00 crore).