Key Highlights of the Q1 FY 2023-24

➢ Revenues in Q1 FY 2023-24 at Rs. 206.81 Crores on a consolidated basis.
➢ EBIDTA in Q1 FY 2023-24 at Rs. 62.33 Crores on a consolidated basis.
➢ PAT in Q1 FY 2023-24 at Rs. 53.56 Crores on a consolidated basis.

Nucleus Software, the BSE & NSE listed, India’s leading provider of lending and transaction banking solutions to the global financial services industry, announced its financial results on  August 4, 2023, for the first quarter ended on June 30, 2023.

The revenues on a consolidated basis are at Rs. 206.81 Crore for the quarter ended 30th June 2023 as against Rs. 128.84 Crore in Q1 of FY 2022-23. PAT in Q1 of FY 2023-24 stood at Rs. 54.88 Crore on a standalone basis as against Rs. 13.17 Crore in Q1 of FY 2022-23. The PAT on a consolidated basis was at Rs. 53.56 Crore, as against Rs. 10.77 Crore in Q1 of FY 2022-23. The basic EPS on standalone basis during this period was Rs. 20.50 as against Rs. 4.92 in FY 2022-23. The EPS on a consolidated basis stood at Rs. 20 in Q1 of 2023-24 as against Rs. 4.02 in Q1 of FY 2022-23.

“Our Q1 FY 2023-24 financial results underscore our unwavering dedication to providing exceptional value to our esteemed customers. Throughout our Indian IP Journey, their trust in our products and services has been pivotal to our achievements. As we navigate the dynamic financial landscape, we remain steadfast in our commitment to innovation and continuously delivering robust and cutting-edge technologies that empower our customers to adapt and excel”, says Mr. Vishnu R Dusad, MD, Nucleus Software.

Alongside innovating and investing in upgrading our platforms we ensure that our customers stay ahead of the technology curve. Nucleus Software attaches considerable importance to financial inclusivity. We believe that access to credit should not be limited to a select few but should be made available to all, regardless of their background or financial status. Our commitment to financial inclusivity extends beyond traditional lending practices, as we continuously explore new avenues to reach underserved communities to bridge the gap in access to credit thus enabling equitable growth.

In the forthcoming quarter, Nucleus Software will continue focusing on delivering advanced and robust technology for the Banking, Financial Services, and Insurance (BFSI) sector, with a firm focus on delivering significant value and unique innovative solutions. As a customer-centric company, we have a thorough understanding of our customers’ diverse requirements, especially in technologies such as AI/ML and composable architecture that integrates them seamlessly and securely with the financial ecosystem.

“Our innovative products are well-positioned to play a pivotal role in driving the digital transformation of the banking landscape. We are excited about the current dynamic banking landscape and see a huge potential for growth and creating a positive impact on shaping the future of the banking industry”, says Mr. Parag Bhise, CEO, Nucleus Software.