Please find enclosed herewith Transcript for Investor Call held on May 22, 2026
NUCLEUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nucleus Software reported Q4 FY26 consolidated revenue of INR 224.77 crore, essentially flat YoY due to a large deal in Q4 FY25 base. Full year revenue grew 5% to INR 876.03 crore. However, profitability declined significantly - full year EBITDA fell to INR 124.15 crore from INR 167.60 crore (26% decline) and net profit dropped to INR 116.74 crore from INR 163 crore (28% decline). Cost of delivery increased to 70.1% of revenue vs 57.3% YoY. The company added 7 new logos (vs 3 last year) and order book surged to INR 1,044 crore from INR 657 crore in Q3, providing strong visibility. Key concerns: lost Bajaj Finance (competitor invested in them), delayed Middle East orders due to geopolitical issues, and slower-than-expected customer migration to FinnOne Neo platform.
Profitability compression despite strong order book suggests execution challenges ahead. However, INR 1,044 crore order book and 7 new logos signal improving demand. Cash position of INR 972 crore remains robust, providing cushion against near-term headwinds.