Newgen Software reports Q1 earnings with revenue decline
after close1 source ↓written by the desknot a recommendation
- in net profit
- 41% sequential decline
- for Q1
- ₹63 crore
- in Q4
- ₹106 crore
- quarter-on-quarter
- 21%
- quarter-on-quarter
- ₹357 crore
Newgen Software Technologies Ltd reported a 41% sequential decline in net profit to ₹63 crore for Q1, down from ₹106 crore in Q4. Revenue also fell 21% quarter-on-quarter to ₹357 crore, with EBIT dropping 64% to ₹55 crore. Following the announcement, shares fell 8% from intraday highs, indicating market concern over the narrowing EBIT margin of 15.4%.
Not investment advice. For informational purposes only.