Nucleus Software Exports Limited has informed the Exchange about Transcript
NUCLEUS · price
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Nucleus Software reported Q4 consolidated revenue of INR 224.77 crore, flat YoY but up 2.2% sequentially. Full year revenue grew 5.3% to INR 876.03 crore. However, profitability declined significantly - full year net profit fell 28% to INR 116.74 crore, and EBITDA dropped 26% to INR 124.15 crore, mainly due to higher employee costs (up ~75% YoY from labor code changes) and increased delivery costs (70.1% of revenue vs 57.3% YoY). The company disclosed a strong order book of INR 1,044.31 crore, up 59% from INR 656.68 crore last quarter, driven by 7 new logos added in FY26. Key concerns include the loss of Bajaj Finance to a competitor who invested in that company, and slow customer migration from legacy FinnOne to FinnOne Neo platform. The company highlighted focus areas in co-lending and gold loan, with India and US as primary markets and a new Vietnam subsidiary.
Margin pressure from higher costs and the Bajaj Finance loss are near-term concerns, though the strong order book of over INR 1,000 crore provides revenue visibility. The company maintains ~INR 972 crore in cash, giving it flexibility to invest in growth initiatives.