Newgen Software Technologies Q2 Results Achieves ₹70.33 ₹ Net Income

Newgen Software Technologies Q2 Results: Newgen Software Technologies reported strong financial results for the second quarter ending in September 2024. The total revenue for this quarter was ₹361.16 crores, a significant increase from ₹251.67 crores in the previous quarter (June 2023) and from ₹293.24 crores a year ago (September 2023). This shows that the company is earning more money from its products and services. The total operating expenses also rose to ₹286.15 crores, up from ₹226.37 crores in the previous quarter and ₹242.85 crores compared to last year. The increase in expenses included costs for selling, general, and administrative needs, which amounted to ₹184.68 crores, higher than both ₹144.35 crores last quarter and ₹156.63 crores a year ago. 

Newgen managed to achieve an operating income of ₹75.01 crores, significantly up from ₹25.30 crores last quarter and ₹50.39 crores from last year. The net income before taxes was ₹92.58 crores, compared to ₹36.61 crores last quarter and ₹58.60 crores last year. Finally, the diluted normalized earnings per share (EPS) rose to ₹4.87 from ₹2.13 in the previous quarter and ₹3.36 a year ago, indicating better profitability for shareholders.

Here’s a summary of Newgen Software Technologies' Q2 financial results for September 2024, presented in table format:

Source: Here 

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Newgen Software Technologies Q2 Results

Newgen Software Technologies earned ₹36,115.75 lakhs from its operations in the second quarter of 2024, which is an increase from ₹29,323.70 lakhs in the same quarter of the previous year. They also earned ₹1,851.99 lakhs from other sources, bringing the total income to ₹37,967.74 lakhs for the quarter.

Newgen Software Technologies’ total was ₹28,710.19 lakhs for the quarter. This includes costs such as employee salaries, which were ₹18,468.12 lakhs, and other operational costs. The company had a profit before tax of ₹9,257.55 lakhs. After accounting for taxes, the net profit for the quarter was ₹7,033.17 lakhs, which is higher than last year’s profit of ₹4,778.56 lakhs.

Newgen Software Technologies’ earnings per share (EPS) for the quarter was ₹5.03, compared to ₹3.43 last year, showing that the company is doing well financially and increasing its profitability. 

Here’s a simplified summary of the consolidated financial results for Newgcn Software Technologies for the quarter and half-year ended September 30, 2024:

(Rs. in Lakhs)

Newgen Software Technologies Stock Metrics

Newgen Software Technologies is valued at ₹17,341 crore, which represents its total market capitalization. Its stock is currently priced at ₹1,236 per share. Over a certain period, the stock's highest price reached ₹1,548, and its lowest was ₹511. The company has a Price-to-Earnings (P/E) ratio of 63.1, showing how much investors are paying for each rupee of earnings. Its book value per share is ₹86.2, reflecting the company's net assets.

Here is the information in a table format:

Quarterly Results 

In the data for Newgen Software Technologies for March, June, and September 2024, we can see important financial figures. In March 2024, the company had sales of ₹350 crores, which was its highest in the given period. Expenses were ₹232 crores, leading to an operating profit of ₹118 crores and a strong operating profit margin of 34%. However, in June 2024, sales dropped to ₹283 crores, and profits fell to ₹41 crores, with a lower operating margin of 15%. 

Here is the table with the data for Mar 2024, Jun 2024, and Sep 2024:

About Newgen Software Technologies

Newgen Software Technologies is a leading company that helps businesses improve their digital processes. They provide a unified digital transformation platform that combines different services, such as process automation, content management, and customer engagement. This means businesses can manage complex tasks more easily and efficiently. Newgen’s low-code application platform allows companies to create and launch applications quickly, which helps them respond to customer needs faster. Many successful companies around the world use Newgen’s solutions for various activities, including onboarding new customers, handling service requests, and managing lending processes.

Newgen Software Technologies is committed to continuous innovation, ensuring they keep up with the latest technology trends. Newgen has also earned important certifications, like ISO 9001 for quality management and ISO 27001 for information security, showing their dedication to providing reliable and secure services. Overall, Newgen helps businesses simplify their operations and improve customer experiences.