New Delhi, India – January 28, 2025: Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading provider of lending and transaction banking solutions, has announced its financial results for Q3 FY2024-25. The company reported stable Revenue of ₹205.7 crore and a net profit of ₹34.97 crore. The Board also approved policy amendments for insider trading, related party transactions, and material subsidiaries.
Key Financial Highlights – Q3 FY2024-25 (Standalone)
- Revenue from Operations: ₹205.7 crore (YoY decline of 1.2% from ₹204.13 crore)
- Total Income: ₹221.27 crore
- Profit Before Tax (PBT): ₹45 crore
- Net Profit (PAT): ₹34.97 crore (YoY decline of 15.3% from ₹41.31 crore)
- Earnings Per Share (EPS): ₹13.28 per share.
Nine-Month Performance (April – December 2024) (Standalone)
- Total Revenue: ₹603.29 crore (YoY decrease of 2.1% from ₹616.19 crore)
- Profit Before Tax (PBT): ₹131.51 crore
- Net Profit (PAT): ₹98.23 crore
- Earnings Per Share (EPS): ₹36.90 per share.
Segment-Wise Performance
- India Revenue: ₹116.55 crore (YoY growth of 4.2%)
- Far East Revenue: ₹5.94 crore (YoY decline of 31.3%)
- South East Asia Revenue: ₹29.28 crore (YoY growth of 25.7%)
- Middle East Revenue: ₹21.41 crore (YoY stable from ₹21.40 crore).
Strategic Developments & Key Announcements
- Policy Amendments Approved:
- Revised Code for Prevention of Insider Trading.
- Updated Policy for Related Party Transactions.
- Policy changes for Material Subsidiaries.
- Stock Buyback Completed in September 2024:
- 4,48,018 equity shares repurchased at ₹1,615 per share.
- Total buyback value: ₹72.35 crore.
- Final Dividend Paid in July 2024:
- ₹12.50 per share dividend approved in May 2024.
- ₹10 per share dividend approved for FY2023.
Management Commentary
Vishnu R. Dusad, Managing Director, Nucleus Software, stated:"Despite global headwinds, our focus on product innovation and market expansion continues to drive long-term growth. We remain committed to strengthening our core businesses and enhancing shareholder value.".
Market Outlook & Investor Takeaways
- Stable financial performance despite global economic challenges.
- Continued expansion in South East Asia and India fueling growth.
- Ongoing commitment to shareholder value through buybacks and dividends.