Stock Report

Nucleus Software announces Q3 2021-22 results

Posted On : 2022-02-09 08:08:08( TIMEZONE : IST )

Nucleus Software, the BSE & NSE listed, India's leading provider of lending and transaction banking solutions to the global financial services industry, announced its financial results on February 7, 2022 for the quarter ended December 31, 2021. Reinforcing their commitment to drive the digital transformation of the BFSI industry, the company is continuing to invest heavily in talent and futuristic technologies to ensure long term growth.

Highlights of the Quarter Ended December 31st, 2021:

Revenue at Rs.121.59 crores, -2% YoY
Operating Margin at 4.43%; 0.34% QoQ, -16.64% YoY
Net Income at Rs. 8.04 crores, -68% YoY | Net Margin at 6.6%
EPS at Rs. 3.04 on a standalone basis and Rs. 2.77 on a consolidated basis

Commenting on the quarter results, Mr. Vishnu R Dusad, Managing Director, Nucleus Software, said: "This is one of those unique years, when despite the huge turbulences in the environment, we have taken some of the strongest and boldest steps to continue building strength for all our stakeholders. We have continued to innovate for our customers coming out with brilliant six monthly releases, full of ultra-flexible ultra-rich functionalities. Opportunities for all the Nucleites to continue growing to the best of their abilities have been further enhanced during the period. Likewise for our shareholders we have completed a Buyback, that is the biggest so far, in the process ensuring that all our stakeholders' interests are taken care of."

Mr. Parag Bhise, Chief Executive Officer, Nucleus Software, said: "While it continued to be another tough Quarter, I am happy to share that we have been able to recruit a large number of freshers and they are at various stages of onboarding including many who have started to contribute to our deliveries and thus to the topline. We are otherwise experiencing good traction from the market, both with our existing as well as new customers and we have a sizeable work in hand as well as a strong pipeline. With many initiatives taken in this quarter to strengthen both the security and helping Nucleites in upgrading the skills and knowledge by providing them with better working environment, we are expecting significant productivity gains to come in, in the coming quarters."

Shares of Nucleus Software Exports Limited was last trading in BSE at Rs. 524.25 as compared to the previous close of Rs. 564.70. The total number of shares traded during the day was 13396 in over 1212 trades.

The stock hit an intraday high of Rs. 555.00 and intraday low of 522.95. The net turnover during the day was Rs. 7202076.00.