Nucleus Software Exports Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 23, 2017 at 06:25 am
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Nucleus Software Exports Limited announced unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, on consolidated basis, the company's total income from operations was INR 931.433 million compared with INR 864.625 million a year ago. Profit from operations before other income, finance costs and taxes was INR 111.183 million compared with INR 29.053 million a year ago. Profit before tax was INR 195.01 million compared with INR 84.330 million a year ago. Net profit was INR 159.165 million or INR 4.91 per basic and diluted share compared with INR 70.086 million or INR 2.16 per basic and diluted share a year ago.
For the nine months, on consolidated basis, the company's total income from operations was INR 2,787.018 million compared with INR 2,559.676 million a year ago. Profit from operations before other income, finance costs and taxes was INR 286.174 million compared with INR 30.066 million a year ago. Profit before tax was INR 493.724 million compared with INR 229.632 million a year ago. Net profit was INR 404.316 million or INR 12.49 per basic and diluted share compared with INR 183.448 million or INR 5.66 per basic and diluted share a year ago.
For the quarter, on standalone basis, the company's total income from operations was INR 751.053 million compared with INR 692.046 million a year ago. Profit from operations before other income, finance costs and taxes was INR 69.760 million compared with loss of INR 3.748 million a year ago. Profit before tax was INR 148.565 million compared with INR 48.553 million a year ago. Net profit was INR 124.153 million or INR 3.83 per basic and diluted share compared with INR 38.915 million or INR 1.20 per basic and diluted share a year ago.
For the nine months, on standalone basis, the company's total income from operations was INR 2,237.915 million compared with INR 2,026.726 million a year ago. Profit from operations before other income, finance costs and taxes was INR 169.435 million compared with loss of INR 77.385 million a year ago. Profit before tax was INR 368.571 million compared with INR 194.841 million a year ago. Net profit was INR 311.312 million or INR 9.61 per basic and diluted share compared with INR 399.228 million or INR 12.33 per basic and diluted share a year ago.
Nucleus Software Exports Limited is a provider of lending and transaction banking products to the financial services industry. The Company is engaged in the business of development and marketing of software, product, and software services for business entities in the banking and financial services (BFS) vertical having its operating units located in Noida, Uttar Pradesh. It operates in seven geographical segments: India, Far East, Southeast Asia, Europe, Middle East, Africa, and Australia. Its two flagship products include FinnOne Neo and FinnAxia. FinnOne Neo suite is an end-to-end solution for lending businesses. FinnAxia suite offers an enterprise solution for the transaction banking operations of corporate banks. It provides various lending, such as FinnOne Neo retail lending, FinnOne Neo corporate lending, FinnOne Neo digital channels, and Nucleus lending analytics. Its transaction banking includes advisory services and FinnAxia cash and liquidity management.
Nucleus Software Exports Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016