Nucleus Software Exports shares fell 15% in intraday trading, reaching a 9-week low of Rs 1280.75. This fall comes after the company’s poor June quarter earnings, which were released on Saturday.
Nucleus Software reported consolidated revenue of Rs 195.4 crore for the quarter that ended in June, which is a decrease from ₹206.8 crore in Q1 FY24. In Q1 FY24, the consolidated PAT was ₹53.6 crore, whereas it now stands at ₹30.2 crore. In the previous quarter, the firm had a net profit of ₹52 crore.
Mr. Vishnu R Dusad, co-founder and managing director of Nucleus Software, spoke on the results, saying, “We started our financial year with a full commitment towards lean implementation and adoption. For the first quarter of FY 2024–25, our focus has been on implementing and adopting lean principles in product development and relevant functions.”
As of 10:44 am, Nucleus Software shares were trading 13.85% lower at ₹1,295.00 on the NSE.
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