Newgen Software Technologies shares surge over 7% after arm bags euro 4.2 million order from TCS

Shares of Newgen Software Technologies, a Delhi-based information technology (IT) company, rose as much as 7.11% to hit an intraday high of ₹937.80 on the National Stock Exchange after the company post market hours on Wednesday informed exchanges that its subsidiary received an order worth 4.2 million euro from subsidiary of Tata Consultancy Services, the country’s largest IT company.

On the BSE, Newgen Software Technologies shares rose as much as 7.15% to hit an intraday high of ₹937.

Newgen Software Technologies on Wednesday said that its UK-based wholly owned subsidiary, Newgen Software Technologies (UK) Limited, received an order worth 4.22 million euro from Tata Consultancy Services N.V., Belgium.

The company’s arm executed the master service agreement with TCS’s wholly owned subsidiary for cloud hosting, software license, and implementation services for the end customer, Newgen Software said in a regulatory filing.

Under the five-year-long agreement, Newgen Software will provide a modernised cloud-based enterprise records management platform, it added.

Meanwhile, in a separate announcement Newgen Software Technologies said that it won an order worth ₹21.24 crore from Kshema General Insurance for software License, implementation and annual support services.

Newgen Software Technologies Q1 results

The IT company reported a 4% year-on-year (YoY) increase in its net profit to ₹50 crore in the June quarter of FY26, compared to ₹48 crore in the corresponding period a year earlier.

Newgen’s revenue from operations surged 2% YoY to ₹321 crore during the quarter under review, as against ₹315 crore in the first quarter of FY25.

Its EBITDA (earnings before interest, tax, depreciation, and amortisation), also known as operating profit, stood at ₹45 crore in Q1FY26, marking a 6% YoY decline from ₹48 crore in the June quarter of FY25.

As of 9:52 am, Newgen Software Technologies shares traded 4.32% higher at ₹913.30, outperforming the NIFTY Smallcap 250 index which was trading on a flat note.