Shares of Nucleus Software Exports fell 15% today, reaching a 9-week low of ₹1280.75, following disappointing June quarter results released on Saturday.
Key Points from Nucleus Software’s June Quarter Report:
- Revenue: Dropped to ₹195.4 crore from ₹206.8 crore in Q1 FY24.
- Profit: Consolidated PAT fell to ₹30.2 crore from ₹53.6 crore in Q1 FY24. Last quarter’s net profit was ₹52 crore.
Company Insights:
- Vishnu R Dusad, Co-Founder and MD: Highlighted the company’s commitment to lean implementation and adoption. Emphasized innovation and sustainable empowerment of financial institutions through R&D and decades of expertise.
- Parag Bhise, CEO: Stressed the company’s role in pioneering technologies in the BFSI domain. Focused on R&D, people development, and market expansion to deliver value to stakeholders.
Despite the Drop:
- The stock has surged 215% in 2 years and 343% over 5 years.
- Nucleus Software provides lending and transaction banking products globally, supporting over 200 banks and financial institutions in 50+ countries.
- Their platform processes over 26 million transactions daily.
Nucleus Software remains a leader in BFSI technology solutions, ready to meet market challenges and enhance financial inclusion.
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