Nucleus Software Exports announced Q2FY23 results: On a consolidated basis, revenues are at Rs 130.09 crore for the quarter which ended on September 30, 2022, as against Rs 114.12 crore in Q2FY22. PAT in Q2FY23 stood at Rs11.84 crore on a standalone basis as against Rs 8.51 crore in Q2FY22. The PAT on a consolidated basis was at Rs 11.03 crore, as against Rs 8.58 crore in Q2FY22. The basic EPS on a standalone basis during this period was Rs 4.42, as against Rs 2.93 in 2021-22. The EPS on a consolidated basis stood at Rs 4.12 in Q2FY23, as against Rs 2.95 in Q2FY22. “As the world undergoes economic uncertainty, we are placed with unique opportunities as a Fintech player that helps institutions increase their operational efficiency. Our attrition rate this quarter is the lowest it has been in multiple quarters, owing to the steadiness in our business model. This dip in attrition is also in line with how the market is responding to the global situation,” says Vishnu R Dusad, MD, Nucleus Software. “We are geared up to support the growing requirement for an increase in digitisation and automation with our world-class IP products in the heavily regulated BFSI space,” says Parag Bhise, CEO, Nucleus Software. Result PDF
Conference Call with Nucleus Software Exports Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.
Highlights: Revenues in Q2 2021-22 at Rs.114.12 Crores on a consolidated basis, 5% growth on the sequential quarter PAT in Q2 2021-22 at Rs. 8.58 Crores on a consolidated basis EPS at Rs.2.93 on a standalone basis and Rs.2.95 on a consolidated basis Customer satisfaction continues to soar at 9.5 on 10 Operating Margin at 4.1%; an improvement of 2.76% over the previous quarter Net Income at Rs. 8.58 crores, as compared to Rs. 6 crores in the previous quarter Commenting on the quarter results, Mr. Vishnu R Dusad, Managing Director, Nucleus Software, said: “With the aggressive vaccination drive conducted by the government, we are witnessing the return of normalcy, optimism and confidence across businesses. At Nucleus, we are focused on strengthening our actions and investments in emerging technologies, expansion in newer territories and market segments, and building value propositions for our people to create a stronger and better future together. With the support of our experienced team and customised products and solutions, we will harness the opportunities available in the industry and achieve newer heights.” Mr. Parag Bhise, Chief Executive Officer, Nucleus Software, said: “Q2 FY22 has been a quarter of continuous advancement in line with our strategy to emerge as a fully future-ready organisation. We have made significant investment in digital growth and our technological advancements along with our most valuable asset – our people. We had some major client wins across all categories, reflecting strong demand and relevance of our offerings in the market. Our robust pipeline and continued strong employee ramp up will help us build a sustainable pathway to create longer term value for all our stakeholders.” Result PDF