Nucleus Software announces Q3 FY2022-23 results

Nucleus Software, the leading provider of lending and transaction banking product solutions sees a strong growth in its financials due to sustained value delivery while announcing its Q3 results (2022-23)

- Revenue in Q3 2022-23 at Rs.169.33 Crore on a consolidated basis
- PAT in Q3 2022-23 at Rs. 38.34 Crore on a consolidated basis
- EPS at Rs. 14.40 on a standalone basis and Rs. 14.32 on a consolidated basis

Nucleus Software, the BSE & NSE listed, leading provider of lending and transaction banking solutions to the global financial services industry, sees lower attrition and steady growth in its financials while announcing its financial results for the Quarter ended December 31st, 2022.

The revenues on a consolidated basis, are at Rs. 169.33 Crore for the quarter ended December 31st, 2022, as against Rs. 121.59 Crore in Q3 of 2021-22.

PAT in Q3 of 2022-23 stood at Rs.38.56 Crore on a standalone basis as against Rs. 8.82 Crore in Q3 of 2021-22. The PAT on consolidated basis was at Rs. 38.34 Crore, as against Rs. 8.04 Crore in Q3 of 2021-22.

The basic EPS on standalone basis during this period was Rs. 14.40 as against Rs. 3.04 in 2021-22. The EPS on consolidated basis stood at Rs. 14.32 in Q3 of 2022-23 as against Rs. 2.77 in Q3 of 2021-22.

"We are celebrating a milestone of completing 30 years of creating Intellectual Property on Indian Soil. Our focus over the past three decades has been to ensure that our customers' needs are met through state-of-the-art technology solutions and customer service. We have successfully digitized our nation's lending technologies at an accelerated pace at various stages starting from manual to digital or mainframe systems to modern tech stacks. This sustained value delivery is our core strength and our customers have been a huge part of our Indian IP Journey. Their confidence in our product and services is reflecting in our books. We are continuously innovating to bring the latest technological solutions to our customers to enable them adapt to the constantly evolving financial landscape", says Mr. Vishnu R Dusad, MD, Nucleus Software.

"We are taking up strategic initiatives to implement our Indian IP solutions to reach customers within India and overseas markets, where we have successfully demonstrated our capabilities and also in strategic markets where our product and solutions will play a major role in digitally transforming the banking landscape", says Mr. Parag Bhise, CEO, Nucleus Software.

Shares of Nucleus Software Exports Limited was last trading in BSE at Rs. 475.30 as compared to the previous close of Rs. 478.00. The total number of shares traded during the day was 20350 in over 1919 trades.

The stock hit an intraday high of Rs. 496.00 and intraday low of 457.45. The net turnover during the day was Rs. 9744376.00.

Source : Equity Bulls

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NucleusSoftwareExports INE096B01018 Q3FY23 9MFY23 ResultUpdate