India · Delayed Price · Currency is INR Nucleus Software Exports Earnings Call Transcripts
Fiscal Year 2026
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Revenue and net profit declined year-on-year despite a strong order book and increased sales efforts. India and the U.S. drove most new business, while employee costs rose due to investments and regulatory changes.
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Q3 FY2026 saw steady performance with INR 200.03 crore revenue and INR 20.7 crore net profit. Seven new lending clients were added this year, and AI features are being embedded into products. Cost of delivery may rise due to labor code changes, but a strong deal pipeline is expected to convert in coming quarters.
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Quarterly revenue was INR 213.51 crore with net profit at INR 26.29 crore, both down sequentially but up year-on-year. Growth is expected from new product releases and strengthened sales, though regulatory and client decision delays persist.
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Revenue and net profit grew year-over-year but declined sequentially, with strong order book growth and major product go-lives. Focus remains on expanding into new markets, enhancing AI capabilities, and long-term customer value, while operating expenses saw no one-off items.
Fiscal Year 2025
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Quarterly revenue and profit saw strong growth, driven by new client wins, milestone-based revenues, and operational efficiencies. AI integration and geographic expansion remain strategic priorities, while attrition is well managed and no buyback or special dividend is planned.
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Q3 FY25 saw stable revenue and sequential profit growth, with a strong order book over INR 700 crore, mostly in products. Management remains optimistic, investing in AI and digital banking, despite longer sales cycles and static top-line growth over recent quarters.
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Quarterly revenue rose sequentially but declined year-on-year, with net profit following a similar trend. Order book and cash reserves remain strong, but elongated sales cycles and increased competition are slowing growth. The Hoshin Kanri initiative is expected to drive long-term operational improvements.
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Revenue and profit declined sequentially and year-over-year, with all revenue from existing clients and no new customer wins. Management is focused on long-term growth, international expansion, and continuous improvement, while maintaining strong cash reserves.