Newgen Software Technologies Ltd. posted weaker earnings for the June quarter. The company’s consolidated net profit fell 41% sequentially to Rs 63 crore. As a result, its shares slipped about 3%.
The 63 crore profit is a 26.4% increase compared with the same quarter last year. The decline was mainly due to a 21% drop in revenue from operations, which fell to Rs 357 crore.
Other income jumped more than eight times to Rs 36 crore from Rs 4.3 crore in the March quarter. On a year‑on‑year basis, other income rose 23.4% to Rs 29 crore.
Sales in Europe, West Asia and Africa were Rs 114 crore, down 17% from the previous quarter. India sales were Rs 95.6 crore, a 23% quarterly decline, while US revenue fell nearly 14% sequentially to Rs 91.5 crore.
At 3:20 pm on July 16, Newgen shares traded at Rs 541.95, about 3% lower than earlier. The company reported earnings before interest, tax, depreciation and amortisation of Rs 56 crore, giving an EBITDA margin of 15.7%.
Annuity revenue grew 14% year‑on‑year to Rs 254 crore. Subscription revenue was Rs 146 crore, up 21% from the prior year, and the SaaS segment grew 40% YoY.
CEO Virender Jeet said the SaaS and license subscription revenue grew 40% YoY to Rs 60 crore, highlighting a strong recurring revenue base. The firm added 10 new customer logos and won deals in banking, insurance and enterprise content management. Newgen remains focused on disciplined execution, customer success and innovation to help enterprises transform.