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 transactionbanking 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 delivers disruptive Fintech Solutions to 200+ Banks and Financial Institutions across 50 countries supporting Retail, Corporate & SME Finance, Islamic Finance, Automotive Finance, Captive Automotive Finance, Cash Management, Mobile & Internet Banking, Transaction Banking and more. We facilitate over 26 million transactions each day through our globally integrated transaction banking platform. Our lending platform manages US $ 500 billion of loans in India alone, and over US $700 billion of loans globally other than India, while enabling 500,000+ users to log in daily.
Our Flagship Products FinnOne Neo® and FinnAxia® are backed by 3 decades of BFSI domain expertise and an inbuilt AI powered platform to realize the digital transformation goals of FIs worldwide.
- FinnOne Neo®: The next-generation digital lending platform, designed to revolutionize the lending process. FinnOne Neo® is built on an advanced technology platform, empowering financial institutions to streamline their lending operations, enhance customer experiences, and drive business growth.
- FinnAxia®: An integrated global transaction banking suite, trusted by banks worldwide to optimize their transaction banking processes. With FinnAxia®, financial institutions can efficiently manage their cash management, trade finance, liquidity management, and other transaction banking activities on a single platform, thereby improving operational efficiency, visibility, and enhancing client relationships.
- PaySe®: The world’s first online and offline digital payment solution, created with the vision to democratize money. This innovative payment solution offers users a seamless and convenient way to conduct digital transactions, both online and offline, facilitating financial inclusion and empowering individuals and businesses.
- Nucleus Software Services: Our comprehensive suite of services is tailored to assist banks and financial institutions in their digital transformation journey and maintain an optimal technology infrastructure. Through Nucleus Software Services, we offer a holistic approach to digital transformation, enabling organizations to deliver seamless customer experiences, achieve operational and cost efficiencies, and gain actionable insights to drive strategic decision-making.
These offerings collectively underline Nucleus Software’s commitment to driving innovation and empowering financial institutions to thrive in an increasingly digital world.
For Media related information, please contact:
Deepika Gulabani
Corporate Communications
Email: deepika.gulabani@nucleussoftware.com
Phone: +91-9310334963
Lending
Transaction Banking
Financial Inclusion
