Nucleus Software Maintain Steady Growth Momentum through its Robust Products in the Second Quarter of Fiscal Year 2023-24 - Nucleus Software

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Nucleus Software Maintain Steady Growth Momentum through its Robust Products in the Second Quarter of Fiscal Year 2023-24

November 9, 2023

Key Highlights of the Q2 FY 2023-24

Revenues in Q2 FY 2023-24 at Rs. 205.3 Crores on a consolidated basis.
 EBIDTA in Q2 FY 2023-24 at Rs. 51.68 Crores on a consolidated basis.
 PAT in Q2 FY 2023-24 at Rs. 44.6 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
November 9, 2023, for the second quarter ended on September 30, 2023.

The revenues on a consolidated basis are at Rs. 205.3 Crore for the quarter ended 30th Sept
2023 as against Rs. 130.09 Crore in Q2 of FY 2022-23. The PAT on a consolidated basis is at Rs.
44.6 Crore, as against Rs. 11.03 Crore in Q2 of FY 2022-23. PAT on a standalone basis is at 42.11
Crore, as against Rs. 11.84 Crore in Q2 of FY 2022-23. The EPS on a consolidated basis during
this period is at Rs. 16.65 as against Rs. 4.12 in Q2 of FY 2022-23. The EPS on a standalone basis
during this period is at Rs. 15.73 as against Rs. 4.42 in Q2 of FY 2022-23.

Our financial performance in the second quarter clearly demonstrates our solid dedication to
delivering outstanding value to our esteemed customers. Our crystal clear focus on ensuring
our platforms are robust to manage the volumes, scale and integration capabilities that our
customers demand has clearly made us the leaders in lending and transaction banking
technology space. Robust platforms ensure every penny is safe and accounted for and this is
an extremely critical value. With robust platforms and customer-centricity as the cornerstone of
our operations, we have been delivering cutting-edge IP products and platforms that empower
our customers to cater to the escalating demand for heightened digitization within the
intricately regulated BFSI sector. Recognizing the substantial growth opportunities within the
dynamic financial services sector, we are enthusiastic about our potential to significantly
influence its future trajectory.”, says Mr. Vishnu R Dusad, MD, Nucleus Software.

At Nucleus Software, our focus is on delivering significant value and innovative technology
products and platforms that enable complete digitization with robust operations, zero
downtime and easy scalability. We understand the diverse demands of the BFSI industry and
prioritize customer requirements above all else. Our commitment lies in providing cutting-edge
technology; with 520+ APIs we ensure all our customers have seamless and secure access to
the ever evolving financial ecosystem. We are dedicated to enhancing customer experience and
expanding our global footprint in the forthcoming quarter.

“Our steadfast dedication to innovation allows us to adapt to the swiftly evolving financial
environment. We have seen more than three decades of innovation and change in the
technology landscape of financial services and this experience helps us keep ahead of the
innovation curve by enabling team members with profound domain knowledge and strong
technical skills. We serve as expert consultants guiding our customers to adopt best fit
solutions that create the desired impact, empowering them to compete effectively in this
fiercely competitive space ” says Mr. Parag Bhise, CEO, Nucleus Software.

About Nucleus Software

Nucleus Software Exports Ltd. is a publicly traded (BSE: 531209, NSE: NUCLEUS), software product company that provides lending and transaction banking products to global financial leaders.

Nucleus Software powers the operations of more than 200 Financial Institutions in over 50 countries, supporting retail lending, corporate banking, cash management, mobile and internet banking, automotive finance and other business areas. Its products facilitate more than 26 million transactions each day, managing over US $ 500 billion of loans and enabling more than 500,000 users logging in daily.

Nucleus Software’s flagship products, built on the latest technology are:

FinnOne NEO™ : The next-generation digital lending solution that is built on an advanced technology platform.
FinnAxia® : An integrated global transaction banking solution used by banks worldwide.
PaySe® : The world’s first online & offline digital payment solution created with an aim to democratize money.

For more information, please visit : https://www.nucleussoftware.com

For Media related information, please contact:

Deepika Gulabani
Corporate Communications
Email: Deepika.gulabani@nucleussoftware.com
Phone: +91-9910093430