Nucleus Software Exports Limited Reports Unaudited and Audited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 20, 2014 at 12:03 am
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Nucleus Software Exports Limited reported unaudited and audited consolidated earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, on unaudited basis, the company reported total income from operations (net) of INR 899.615 million compared to INR 746.307 million a year ago. Profit from operations before other income, finance costs and taxes was INR 176.554 million compared to INR 111.544 million a year ago. Profit before taxes was INR 251.650 million compared to INR 159.355 million a year ago. Net profit for the period was INR 233.863 million or INR 7.22 per basic and diluted share compared to INR 123.293 million or INR 3.81 per basic and diluted share a year ago.
For the nine months, on unaudited basis, the company reported total income from operations (net) of INR 2,585.362 million compared to INR 2,203.235 million a year ago. Profit from operations before other income, finance costs and taxes was INR 415.985 million compared to INR 293.652 million a year ago. Profit before taxes was INR 582.774 million compared to INR 451.570 million a year ago. Net profit for the period was INR 454.964 million or INR 14.05 per basic and diluted share compared to INR 347.195 million or INR 10.72 per basic and diluted share a year ago.
For the quarter, on audited basis, the company reported total income from operations (net) of INR 620.385 million compared to INR 492.944 million a year ago. Profit from operations before other income, finance costs and taxes was INR 121.110 million compared to INR 59.181 million a year ago. Profit before taxes was INR 194.428 million compared to INR 114.432 million a year ago. Net profit for the period was INR 188.187 million or INR 5.81 per basic and diluted share compared to INR 82.349 million or INR 2.54 per basic and diluted share a year ago.
For the nine months, on audited basis, the company reported total income from operations (net) of INR 1,806.033 million compared to INR 1,509.023 million a year ago. Profit from operations before other income, finance costs and taxes was INR 281.688 million compared to INR 177.047 million a year ago. Profit before taxes was INR 540.423 million compared to INR 373.094 million a year ago. Net profit for the period was INR 440.807 million or INR 13.61 per basic and diluted share compared to INR 280.505 million or INR 8.66 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 Reports Unaudited and Audited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013