By : 5paisa, 05 August 2024
Key Details About Plunge In Nucleus Software Exports
Following disappointing Q1 results, shares of Nucleus Software Exports fell 15% during intraday trade, reaching a 9-week low of ₹1280.75.
PAT dropped to ₹30.2 crore from ₹53.6 crore, while combined sales dropped to ₹195.4 crore from ₹206.8 crore.
In the new fiscal year, co-founder and MD Vishnu R Dusad stressed the need of focusing on lean implementation and product development.
With more than 30 years of experience, the firm highlights innovation and research and development to suit consumer demands.
With the goal of lowering costs and increasing reach for financial inclusion, it is still at the forefront of BFS technology solutions.
CEO emphasized the firm's contribution to improving the financial ecosystem by creating future-proof technology for the BFSI industry.
In order to provide value to stakeholders, the firm is hopeful about strategic R&D, employee development, and market expansion.
The stock has increased by 215% over the previous two years and 343% over the last five years, notwithstanding the current decline.
Supporting more than 200 banks and financial institutions worldwide, it offers loan and transaction banking solutions.
Over 26 million transactions per day are supported by their transaction banking platform in more than 50 countries.
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