Nucleus Software Exports Q4 profit declines 2.81% yoy to Rs27.35cr

Sales declined 10.16% to Rs124.18cr in the quarter ended March 2021 as against Rs138.23cr during the previous quarter ended March 2020.

Jun 04, 2021 04:06 IST India Infoline News Service

Shares of Nucleus Software Exports ended lower on the BSE. The company’s net profit declined 2.81% to Rs27.35cr in the quarter ended March 2021 as against Rs28.14cr during the previous quarter ended March 2020.

Sales declined 10.16% to Rs124.18cr in the quarter ended March 2021 as against Rs138.23cr during the previous quarter ended March 2020.

Nucleus Software Exports Ltd ended at Rs580.25 down by Rs22.65 or 3.76% from its previous closing of Rs602.90 on the BSE.

The scrip opened at Rs600 and touched a high and low of Rs600.05 and Rs575.75 respectively.

“It was a challenging year but we were still able to maintain our revenues. We are seeing a strong demand for our product offerings and believe that barring any unforeseen circumstances, we should do better this year,” says Mr. Vishnu R Dusad, MD, Nucleus Software.

“2020-21 has been a difficult but fulfilling year for us at Nucleus. For the first time in the history of banking, moratoriums across the board were announced, first in India and then on a global level. Working round the clock, we delivered tech solutions to ensure that the BFSI sector worked seamlessly in these difficult times. During the pandemic, digital adoption gained pace and our cutting edge products both in the lending and transaction banking space ensured that the BFSI sector stayed on top of things”, says Mr. Parag Bhise, CEO, Nucleus Software.

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