Stock Report

Newgen Software Technologies Ltd Q2 FY24 consolidated net profit higher at Rs. 47.78 crores



Posted On : 2023-10-17 23:26:59( TIMEZONE : IST )

Newgen Software Technologies Ltd Q2 FY24 consolidated net profit higher at Rs. 47.78 crores

Newgen Software Technologies Limited has reported Consolidated financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 302.5736 crores during the period ended September 30, 2023 as compared to Rs. 264.1772 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 47.7856 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 30.2023 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 6.72 for the period ended September 30, 2023 as compared to Rs. 4.25 for the period ended June 30, 2023.

Financials Q2 FY2024 Q1 FY2024 % Change
Total Income ₹ 302.5736 crs ₹264.1772 crs Up Tick / Down Tick14.53%
Net Profit ₹47.7856 crs ₹30.2023 crs Up Tick / Down Tick58.22%
EPS ₹6.72 ₹4.25 Up Tick / Down Tick58.12%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 302.5736 crores during the period ended September 30, 2023 as compared to Rs.232.7037 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.47.7856 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.29.9971 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.6.72 for the period ended September 30, 2023 as compared to Rs.4.33 for the period ended September 30, 2022.

Financials Q2 FY2024 Q2 FY2023 % Change
Total Income ₹ 302.5736 crs ₹232.7037 crs Up Tick / Down Tick30.03%
Net Profit ₹47.7856 crs ₹29.9971 crs Up Tick / Down Tick59.30%
EPS ₹6.72 ₹4.33 Up Tick / Down Tick55.20%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.566.7508 crores during the 6 Months period ended September 30, 2023 as compared to Rs.430.7361 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.77.9879 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.49.7614 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.10.96 for the 6 Months period ended September 30, 2023 as compared to Rs.7.12 for the 6 Months period ended September 30, 2022.

Financials Half Year Ended FY2024 Half Year Ended FY2023 % Change
Total Income ₹566.7508 crs ₹430.7361 crs Up Tick / Down Tick31.58%
Net Profit ₹77.9879 crs ₹49.7614 crs Up Tick / Down Tick56.72%
EPS ₹10.96 ₹7.12 Up Tick / Down Tick53.93%

Shares of Newgen Software Technologies Limited was last trading in BSE at Rs. 1040.25 as compared to the previous close of Rs. 931.35. The total number of shares traded during the day was 67386 in over 5044 trades.

The stock hit an intraday high of Rs. 1060.00 and intraday low of 926.85. The net turnover during the day was Rs. 67935174.00.

Source : Equity Bulls

Keywords

NewgenSoftwareTechnologies Q2FY24 H1FY24 ResultUpdate