Q2 FY27 revenue and profit rise; subsidiary merger scheme approved
NEWGEN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 1.0 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Unaudited Q2 group revenue rose 5.4 percent to Rs 422.24 crore; net profit rose 6.3 percent to Rs 86.88 crore. First-half revenue was Rs 778.92 crore, up 8.0 percent, and profit Rs 149.70 crore, up 13.9 percent. First-half operating cash flow was Rs 107.97 crore. Limited review found no concern. The board approved merging wholly owned subsidiary Newgen Computers Technologies into Newgen Software. Shareholding will not change; approvals are pending.
Modest revenue and profit growth may support sentiment. The merger may simplify the group without issuing shares, but approvals remain pending.