Newgen Software Technologies Limited has informed the Exchange about Transcript
NEWGEN · price
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Newgen Software reported FY25 revenue of INR 1,487 crores, up 20% year-on-year, with profit after tax of INR 315 crores at a 21% margin. License revenue surged 41% year-on-year, while annuity revenue (56% of total) lagged temporarily as larger projects took 1.5-2 years to go live. Q4 revenue crossed INR 400 crores for the first time at INR 430 crores (15% year-on-year growth), with quarterly license sales hitting a record INR 97 crores. The order book stood at INR 1,664 crores, up about 10% year-on-year, and management expects the unexecuted portion to grow over 20%. APAC grew 59% year-on-year and the US saw early traction with 10 large deals in Q4, including wins in banking, insurance and health insurance. Management also flagged a higher new normal tax rate of 23% (up from about 18%) and declared a dividend of INR 5 per share.
Solid full-year results with healthy growth and margin expansion, but Q4 growth moderated to 15% from 25% in Q1, mainly due to delayed annuity kick-ins. Investors should watch annuity recovery over the next 2-3 quarters and US deal conversion, which management views as the key growth driver for FY26, while the higher tax rate will weigh on bottom-line growth.