New Delhi: Nucleus Software, a leading provider of lending and transaction banking solutions, has announced its financial results for the quarter and half-year ended September 30, 2024.
Key Highlights:
- Revenue: Consolidated revenue for Q2 FY 2024-25 stood at Rs. 202.2 crore, compared to Rs. 205.3 crore in the same period last year.
- Profit After Tax (PAT): Consolidated PAT for the quarter was Rs. 33.1 crore, down from Rs. 44.6 crore in Q2 FY 2023-24.
- Earnings Per Share (EPS): Consolidated basic EPS was Rs. 12.4 for the quarter, lower than Rs. 16.7 in the corresponding period last year.
Vishnu R. Dusad, Co-founder and Managing Director of Nucleus Software, expressed satisfaction with the company’s performance, highlighting its ability to maintain stability in a dynamic market. He emphasized the company’s commitment to delivering value to clients and stakeholders, as well as its focus on innovative digital solutions for future growth.
Parag Bhise, CEO of Nucleus Software, acknowledged the challenging market conditions but expressed confidence in the company’s strategic direction. He highlighted the focus on enhancing existing solutions, delivering advanced technology to the BFSI sector, and promoting financial inclusion.
Nucleus Software remains committed to its strategic goals, including advancing its flagship solutions FinnOne Neo® and FinnAxia®, and fostering financial inclusivity. The company is confident in its ability to drive sustainable growth by leveraging AI-powered insights, advanced cybersecurity, and API-led integration.
