Newgen Software Technologies

KPI Green Energy, Sterling & Wilson Renewable Energy, Jai Corp, PTC Industries and GMR Power & Urban Infra from the BSE A group were locked at the lower circuits in intra-day deals on Monday.

The revenue growth moderation was due to a lower-than-expected revenue realisation from the India business

Within seven months, Newgen's share price has more than doubled, or zoomed 118 per cent, from the level of Rs 793 that it hit on June 4

On November 28, 2024, the company announced that it had received a purchase order from RBI to implement and maintain Regulatory Application Management System (RAMS)

Newgen Software share price rose after the company revealed that it has received a purchase order from the RBI for the implementation and maintenance of the Regulatory Application Management System

Newgen Software Technologies on Tuesday reported a 47.19 per cent year-on-year increase in consolidated net profit to Rs 70.33 crore in the September quarter. It had posted a net profit of Rs 47.78 crore in the year-ago period. Revenue for the second quarter of the current fiscal year came in at Rs 361.15 crore, 23.16 per cent higher than Rs 293.23 crore a year earlier. "All our key markets have performed well during the quarter with APAC witnessing strong growth for two consecutive quarters now. While banking & financial services continue to be our core verticals, we saw increasing traction in the insurance and government segment in the quarter," Newgen Software CEO Virender Jeet said. The Noida-headquartered company's employee count stands at nearly 4,400. Shares of Newgen Software Technologies settled at Rs 1,298.45 apiece on the BSE on Tuesday, down 3.95 per cent from the previous close.

A combined 2.42 million equity shares, representing 1.73 per cent of the total equity of the company, had changed hands on the NSE and BSE till 11:21 AM.

The fall in the stock price came after the company announced a weak set of June quarter results (Q1FY25).

The uptick in share price came after Newgen Software announced that its US-based subsidiary has secured an order worth $1.48 million from a client

Tech firm Newgen Software Technologies on Tuesday posted a 31.67 per cent increase in consolidated net profit (attributable to shareholders of the company) to Rs 105.26 crore for the fourth quarter ended March 2024. The company had reported a net profit of Rs 79.94 crore in the year-ago period. Revenue from operations, driven by strong growth in Europe, Middle East, and Africa (EMEA) and India region, rose 23.01 per cent year-on year to Rs 375.26 crore, as against Rs 305.05 crore in Q4FY23, according to a BSE filing. The largest share of revenue was brought in by the banking vertical (73 per cent), followed by insurance (8 per cent), and Govt/PSUs (5 per cent). For the full FY24, the company's profit stood at Rs 251.60 crore, a 42.13 per cent ascent from the previous fiscal's Rs 177.01 crore. Revenue for the year was 27.70 per cent higher at Rs 1,243.82 crore. "We are delighted to close another good growth year in terms of revenue and profit with strong growth in India and EMEA .

The company said the healthy earnings were driven by strong growth in the banking and financial services segment across geographies

Unified digital transformation solutions provider Newgen Software Technologies Ltd on Wednesday reported a 57 per cent rise in its profit after tax at Rs 30 crore in the April-June quarter of the current fiscal. The company had reported a profit after tax (PAT) of Rs 19.2 crores in the first quarter of the previous fiscal, Newgen Software said in a release. Revenue from operations stood at Rs 251.7 crore in the reporting quarter, which was 34 per cent higher than Rs 187.9 crore in the year-ago period. According to Diwakar Nigam, the Chairman & Managing Director of Newgen Software Technologies, the company witnessed the highest quarterly revenue growth rate amid rising demand for digital transformation and automation. "We are witnessing immense opportunities for digital journeys across the financial services sector as well as new requirements for automation at scale. The launch of the recent version of NewgenONE platform further shows our commitment towards this direction. We are ..

MSH has launched schemes with total corpus of Rs 700 crore, intends to bring corporate and national start-up mentorship ecosystems on a single digital platform

PGIM India Mutual Fund (PGIM MF) and Abu Dhabi Investment Authority (ADIA) sold a total of 12.20 lakh shares of the software company, as per bulk deal data available with the National Stock Exchange

Newgen Software Technologies on Tuesday said its consolidated net profit increased about 35 per cent to Rs 47.8 crore in December quarter 2021-22. The company also announced the acquisition of Number Theory Software. Newgen registered a net profit of Rs 35.41 crore in December quarter 2020-21. Revenue from operations grew 9.1 per cent to Rs 202.5 crore in the third quarter of 2021-22 from Rs 185.51 crore in the year-ago period, Newgen said in a regulatory filing. In a separate filing, Newgen said its Board has approved the purchase of 100 per cent of the paid-up equity shares of Number Theory Software from its existing shareholders, Tarun Gulyani and Rajan Nagina. Post completion of the acquisition - which is subject to customary conditions precedent - the target company will become a wholly-owned subsidiary of Newgen, it added. "Newgen will be making a closing payment aggregating to approximately Rs 7,02,73,340 to the promoters of target company towards 100 per cent of the equity

The book building saw a strong demand and interest from marquee institutional investors, both domestic and international

Till 09:56 am, around 7.5 million shares, representing 10.7 per cent of the company's total equity, had changed hands on the BSE, the exchange data shows

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Ebitda margin improved to 26.5 per cent from 5.9 per cent, due to strong cost rationalisation initiatives undertaken by the company

The stock hit a new high of Rs 346, up 13%, surging 51% in past one month after it reported a more-than-double consolidated net profit at Rs 178 million in September quarter.