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Nucleus Software Q3 net profit at Rs100.7mn

January 31, 2012 | India Infoline

Nucleus Software Exports Limited announced its Q3 results for financial year 2011-2012.

Nucleus Software's consolidated revenue for the quarter ending December 31, 2011, is at Rs. 740mn in comparison to Rs. 686.1mn in the corresponding quarter of the previous year.  With total expenses at Rs. 639.5mn in comparison to Rs. 58.50 crore in the corresponding quarter of the previous year, the consolidated EBITDA is at Rs. 10.05 crore in comparison to Rs. 101mn in the corresponding quarter of the previous year. Net profit after tax (PAT) is at Rs. 100.7mn in comparison to Rs. 77.1mn in the corresponding quarter of the previous year.

For the nine month period ending December 31, 2011, consolidated revenue is at Rs. 2.12bn in comparison to Rs. 2.04bn in the corresponding period previous year. With total expenses at Rs. 185.90 crore in comparison to Rs. 178.41 crore in the corresponding period previous year, the consolidated EBITDA is at Rs. 262.8mn in comparison to Rs. 265.3mn in the corresponding period previous year. Net Profit after tax (PAT) is at Rs. 26.55 crore in comparison to Rs. 21.90 crore in the corresponding period previous year.

Highlights

Quarter Ended December 31, 2011

Consolidated revenue at Rs. 740mn from software products and software development services in comparison to Rs. 68.61 crore in the corresponding quarter of the previous year.

Product business revenue for the quarter at Rs. 523.3mn in comparison to Rs. 511.1mn in the corresponding quarter of the previous year.

EBITDA at Rs. 10.05 crore in comparison to Rs. 101mn in the corresponding quarter of the previous year.

Net Profit after Tax (PAT) at Rs. 100.7mn in comparison to Rs. 77.1mn in the corresponding quarter of the previous year.

Earning Per Share for the quarter at Rs. 3.11 in comparison to Rs. 2.38 in the corresponding quarter of the previous year.

For Nine month Ended December 31, 2011

Consolidated revenue at Rs. 2.12bn from software products and software development services in comparison to Rs. 2.04bn in the corresponding period previous year.

Product business revenue at Rs. 154.59 crore in comparison to Rs. 144.65 crore in the corresponding period previous year.

EBITDA at Rs. 26.28 crore in comparison to Rs. 26.53 crore in the corresponding period previous year.

Net Profit After Tax (PAT) at Rs. 26.55 crore in comparison to Rs. 21.90 crore in the corresponding period previous year.

Earning Per Share at Rs 8.20 in comparison to Rs. 6.77 in the corresponding period previous year.

Vishnu R. Dusad, CEO and Managing Director, Nucleus Software said, “The new order wins in this quarter coupled with recognition by industry bodies, highlight our leadership position amongst the organizations that offer niche technology solutions to the banking and financial services sector in the industry. We are optimistic about receiving new opportunities from regions across the globe. We will further capitalize our reach in the emerging markets and new services in the coming quarters, with a continued investment in employee engagement.”

New Client Wins

The company have added 5 new customers and bagged 7 new orders for implementing 22 product modules in the third quarter of FY 2011-12 from the leading financial institutions in Africa, South East Asia and India.  We have witnessed a significant number of opportunities emerging from these regions in the last few quarters and expect a continued business momentum in these markets.

Consolidating for nine month ending December 31, 2011, Nucleus has won 10 new customers and 17 new product orders for implementing 43 modules of FinnOneTM and Cash Management suite.

Successful Global Implementations:

This quarter 18 product modules went live in various markets across the globe. Some of the implementations were completed in record time.