Nucleus Software Exports Ltd reports earnings for Q4, FY21

Nucleus Software, the BSE & NSE listed, leading provider of lending and transaction banking solutions to the global financial services industry, today announced its financial results for the financial year ended March 31, 2021.

The revenues ( total income) are at Rs. 490.99 Crore for the year ended March 31, 2021, as against Rs. 507.95 Crore in 2019-20 on a standalone basis. On a consolidated basis, the revenues ( total income) are at Rs. 553.09 Crore for the year ended March 31, 2021, as against Rs. 558.06 Crore in 2019-20.

PAT in 2020-21 stood at Rs. 112.04 crore on a standalone basis as against Rs. 102.22 crore in 2019-20. The PAT on consolidated basis was at 117.95 crore, up from Rs. 88.99 crore in 2019-20.

The basic EPS on standalone basis during this period was Rs. 38.58 as against Rs. 35.20 in 2019-20. The EPS on consolidated basis stood at Rs. 40.62 in 2020-21 as against Rs. 30.64 in 2020-21.

In addition, the Q4 results for 2020-21 had standalone revenues ( total income) of Rs. 117.64 crore as against Rs. 139.66 Crore in 2019-20. On a consolidated basis, the revenues (total income) in Q4 stood at Rs. 131.42 Crore, as against Rs. 148.52 crore in Q4 of 2019-20.

The PAT for Q4 of 2020-21 stood at Rs. 26.34 crore, as against Rs.35.25 crore in 2019-20 on a standalone basis. The PAT on a consolidated basis for Q4 of 2020-21 stood at 27.35 crore as against Rs. 28.14 crore of 2019-20.

Basic EPS stood at Rs. 9.07 on a standalone basis in Q4 of 2020-21 as against Rs. 12.14 in Q4 of 2019-20. On a consolidated basis, the EPS in 2020-21 Q4 was 9.42 as against 9.69 in Q4 of 2019-20.

"It was a challenging year but we were still able to maintain our revenues. We are seeing a strong demand for our product offerings and believe that barring any unforeseen circumstances, we should do better this year", says Mr. Vishnu R Dusad, MD, Nucleus Software.

"2020-21 has been a difficult but fulfilling year for us at Nucleus. For the first time in the history of banking, moratoriums across the board were announced, first in India and then on a global level. Working round the clock, we delivered tech solutions to ensure that the BFSI sector worked seamlessly in these difficult times. During the pandemic, digital adoption gained pace and our cutting edge products both in the lending and transaction banking space ensured that the BFSI sector stayed on top of things", says Mr. Parag Bhise, CEO, Nucleus Software.

Shares of NUCLEUS SOFTWARE EXPORTS LTD. was last trading in BSE at Rs.602.4 as compared to the previous close of Rs. 609.95. The total number of shares traded during the day was 20263 in over 1435 trades.

The stock hit an intraday high of Rs. 625 and intraday low of 597.75. The net turnover during the day was Rs. 12466088.

Source : Equity Bulls

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