Nucleus Software Exports Q1 Results Total Revenue ₹195.39 Crores & Operating Income ₹25.06 Crores

Nucleus Software Exports Q1 Results: Nucleus Software Exports faced several financial challenges compared to previous periods in the first quarter of June 2024. The company's total revenue was ₹195.39 crores, which is a decrease of 7.07% from the previous quarter (QoQ) and a drop of 5.52% year-over-year (YoY). 

This decline indicates a reduction in the Nucleus Software Exports’ income compared to the same quarter last year. Selling, general, and administrative expenses increased by 13.16% QoQ and 12.82% YoY, showing that operational costs have risen significantly. Depreciation and amortization saw a slight increase of 2.65% QoQ and 6.89% YoY, but this was not enough to offset the revenue decline.

Nucleus Software Exports’ Other operating expenses also rose by 5.55% QoQ and 29.97% YoY, further straining the company's finances. Total operating expenses increased by 9.31% QoQ and 15.20% YoY, contributing to a significant drop in operating income, which fell by 53.97% QoQ and 57.49% YoY. Net income before taxes and net income both decreased sharply, with year-over-year drops of 44.21% and 43.61%, respectively. The diluted normalized EPS fell by 42.09% QoQ and 43.60% YoY, reflecting a challenging quarter for the company.

Here's a summary of Nucleus Software Exports' Q1 results for June 2024 compared to previous periods:

Source: Here 

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Nucleus Software Exports Q1 Results

The Nucleus Software Exports table presents the financial results for various periods. The company’s income from software products and services increased to ₹21,026 lacs for the quarter ending June 30, 2024, compared to ₹19,539 lacs for the previous quarter and ₹20,681 lacs for the same quarter last year. 

Nucleus Software Exports’ Other income, which includes items not related to their main business, was ₹1,421 lacs in the latest quarter, slightly down from ₹1,505 lacs previously but up from ₹1,283 lacs a year ago. Combining these, the total income for the quarter was ₹21,044 lacs, showing a small decrease from the previous quarter's ₹22,447 lacs but close to last year’s ₹21,964 lacs.

Nucleus Software Exports’ Expenses for the latest quarter were ₹17,053 lacs. This includes employee benefits at ₹12,215 lacs, operating costs at ₹2,989 lacs, and other expenses like finance costs and depreciation. The total expenses were higher than in the previous quarter and year. Despite this, the company’s profit before tax was ₹3,991 lacs, a drop from the previous quarter but still significant. 

 

Nucleus Software Exports’ After accounting for taxes, the net profit was ₹3,020 lacs. The company’s total comprehensive income, which includes all gains and losses, was ₹4,610 lacs. This result reflects the company's overall financial health and performance over the periods shown.

Here's a summary of the financial results for the company for the periods ended June 30, 2024, March 31, 2024, June 30, 2023, and March 31, 2024:

(Amount in Rupees Lacs unless otherwise stated)

Nucleus Software Exports Stock Metrics 

Nucleus Software Exports has a market capitalization of ₹3,480 crore, meaning that's the total value of all its shares combined. The current stock price is ₹1,300. The highest price the stock has reached is ₹1,830, while the lowest is ₹962. The Price-to-Earnings (P/E) ratio is 20.7, which shows how much investors are willing to pay for each rupee of the company's earnings. The book value of the stock is ₹290, indicating the value of its assets per share. 

Here's the stock information in table format:

Quarterly Results 

Nucleus Software Exports, in December 2023, the company had sales of Rs. 204 Crores and expenses of Rs. 156 Crores, resulting in an operating profit of Rs. 48 Crores with a 23% profit margin. They earned Rs. 12 Crores from other sources, and depreciation was Rs. 4 Crores. Profit before tax was Rs. 56 Crores, with a tax rate of 26%, leading to a net profit of Rs. 41 Crores. Earnings per share (EPS) was Rs. 15.43. By March 2024, sales rose to Rs. 210 Crores, with expenses at Rs. 152 Crores, boosting operating profit to Rs. 58 Crores and improving the margin to 28%. 

Here’s the data for Dec 2023, Mar 2024, and Jun 2024:

About Nucleus Software Exports 

Nucleus Software Exports is a prominent Indian IT company specializing in technology solutions for the banking and financial services sector. Founded in 1986 in New Delhi, the company started with a small office and has grown significantly over the years. 

Nucleus Software Exports now operates in over 50 countries, serving a wide range of banking institutions worldwide. Nucleus Software offers various IT and consultancy services designed to improve and streamline banking operations.

The company went public in 1995 and is listed on both the Bombay Stock Exchange and the National Stock Exchange of India. Its headquarters are located in Noida, Uttar Pradesh, India. Nucleus Software has received recognition for its financial reporting, including a Gold Shield from the Institute of Chartered Accountants of India in 2010. 

As of March 31, 2017, the Nucleus Software Exports employed around 1,665 people. With a strong presence in the global market and a focus on the banking sector, Nucleus Software continues to be a key player in providing innovative IT solutions to financial institutions.