Newgen Software shares slide 14% after Q3 results; check key numbers

The company reported its December quarter (Q3 FY25) results on Monday.

The technology firm posted a 30.8% year-on-year increase in consolidated net profit to ₹89 crore for the December quarter.

The Noida-headquartered firm reported a profit of ₹68 crore in the year-ago period, according to a regulatory filing.

Revenue from operations for the quarter under review came in at ₹381 crore, a 17.7% uptick from ₹323.6 crore in the year-ago period.

Sequentially, profit and revenue were up 27% and 5.54%, respectively.

"We witnessed strong growth in banking & financial services and government verticals during the quarter. We are also entrenching deeper in the insurance & healthcare verticals across markets," Diwakar Nigam, Chairman & Managing Director, Newgen Software Technologies, said.

"We continue to solidify our business and cultivate our customer relationships during the quarter. License revenues have grown by 70% YoY during Q3 with good deal velocity and several significant deal closures," Nigam added.

“We are happy to share with immense pride and satisfaction that Newgen has been certified as a Great Place to Work by the Great Place to Work Institute in December 2024. We are committed to creating a high-trust, high-performance culture at Newgen as we scale up, said Mr. Virender Jeet, CEO of Newgen Software.

Newgen Software share price trend

Shares of the company have rallied over 60% in the past 12 months, while in the past six months, the stock price has risen by 29%.