Nucleus Software Reports Strong Financial Performance in Q3 2022-23 with Lower Attrition and Revenue Growth

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Nucleus Software, the Leading Provider of Lending and Transaction Banking Product Solutions Sees a Strong Growth in Its Financials Due to Sustained Value Delivery While Announcing Its Q3 Results (2022-23)

February 15, 2023

➢ Revenue in Q3 2022-23 at Rs.169.33 Crore on a consolidated basis.
➢ PAT in Q3 2022-23 at Rs. 38.34 Crore on a consolidated basis.
➢ EPS at Rs. 14.40 on a standalone basis and Rs. 14.32 on a consolidated basis.

Nucleus Software, the BSE & NSE listed, leading provider of lending and transaction banking solutions to the global financial services industry, sees lower attrition and steady growth in its financials while announcing its financial results for the Quarter ended December 31 st ,2022.

The revenues on a consolidated basis, are at Rs. 169.33 Crore for the quarter ended December 31 st ,2022, as against Rs. 121.59 Crore in Q3 of 2021-22.

PAT in Q3 of 2022-23 stood at Rs.38.56 Crore on a standalone basis as against Rs. 8.82 Crore in Q3 of 2021-22. The PAT on consolidated basis was at Rs. 38.34 Crore, as against Rs. 8.04 Crore in Q3 of 2021-22.

The basic EPS on standalone basis during this period was Rs. 14.40 as against Rs. 3.04 in 2021-22. The EPS on consolidated basis stood at Rs. 14.32 in Q3 of 2022-23 as against Rs. 2.77 in Q3 of 2021-22.

We are celebrating a milestone of completing 30 years of creating Intellectual Property on Indian Soil. Our focus over the past three decades has been to ensure that our customers’ needs are met through state-of-the-art technology solutions and customer service. We have successfully digitized our nation’s lending technologies at an accelerated pace at various stages starting from manual to digital or mainframe systems to modern tech stacks. This sustained value delivery is our core strength and our customers have been a huge part of our Indian IP Journey. Their confidence in our product and services is reflecting in our books. We are continuously innovating to bring the latest technological solutions to our customers to enable them adapt to the constantly evolving financial landscape ”, says Mr. Vishnu R Dusad, MD, Nucleus Software.

We are taking up strategic initiatives to implement our Indian IP solutions to reach customers within India and overseas markets, where we have successfully demonstrated our capabilities and also in strategic markets where our product and solutions will play a major role in digitally transforming the banking landscape ”, 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.

  1. 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.
  2. 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.
  3. 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.
  4. 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
Phone: +91-9310334963