Nucleus Software Announces Financial Results for Q1 2022-23 | Press Release

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Nucleus Software, the Leading Provider of Lending and Transaction Banking Solutions to the Global Financial Services Industry, Sees Returns on Focus on Operational Excellence in Global Projects While Announcing Its Q1 Results (2022-23)

August 11, 2022

  • Revenue in Q1 2022-23 at 128.84 Crore on a consolidated basis.
  • PAT in Q1 2022-23 at Rs.10.77 Crore on a consolidated basis.
  • EPS at Rs. 92 on a standalone basis and Rs. 4.02 on a consolidated basis.

Nucleus Software, the BSE & NSE listed, leading provider of lending and transaction banking solutions to the global financial services industry, has taken some extremely bold steps to ensure long term growth while announcing its financial results for the Quarter ended June 30, 2022.

The revenues on a consolidated basis are at Rs.128.84 Crore for the quarter ended June 30, 2022, as against Rs.108.44 Crore in Q1 of 2021-22.

PAT in Q1 of 2022-23 stood at Rs.13.17 Crore on a standalone basis as against Rs. 6.05 Crore in 2021-22. The PAT on consolidated basis was at Rs.10.77 Crore, as against Rs. 6.00 Crore in Q1 of 2021-22.

The basic EPS on standalone basis during this period was Rs. 4.92 as against Rs. 2.08 in 2021-22. The EPS on consolidated basis stood at Rs. 4.02 in Q1 of 2022-23 as against Rs. 2.07 in Q1 of 2021-22.

Due to the IP centricity of our business model, we will ride the wave that approaches with the global economic ripples. In addition, the measures taken by our company on the personnel front are leading to a reduced attrition. The freshers we had hired in the previous years have already started contributing to our revenue generating projects. We plan to continue strengthening our company’s culture by inducting an equally large number of freshers this year as well”, says Mr. Vishnu R Dusad, MD, Nucleus Software.

In addition to the deep domain expertise our colleagues have in the field of Banking and Financial Services, as well as the cutting-edge technological platforms we have built, our company’s focus on operational excellence has helped us go live with some of the most complex implementations at a global scale in the last quarter. We continue to add various feathers to our cap of implementations of FinnOne Neo as well as FinnAxia, our flagship products. This success is reflected in our quarterly results”, 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