Nucleus Software Exports (531209) Q2 25/26 earnings summary

Executive summary

• Consolidated revenue for the quarter was INR 213.51 crore, slightly down from INR 217.72 crore quarter-on-quarter but up from INR 202.20 crore year-on-year.

• Net profit for the quarter was INR 26.29 crore, down from INR 35.20 crore in the previous quarter and INR 33.06 crore year-on-year.

• Audited standalone and unaudited consolidated financial results for the quarter and half year ended September 30, 2025, were approved and released following board and audit committee review.

• Statutory auditors issued unmodified opinions on both standalone and consolidated results, confirming compliance with Indian Accounting Standards.

• One new client was added in the quarter, with two new clients added in the half-year.

Financial highlights

• Revenue in foreign currency for the quarter was $24.47 million, down from $25.46 million quarter-on-quarter but up from $24.12 million year-on-year.

• Consolidated revenue from operations for Q2 FY26 was ₹21,351 lakh, up from ₹20,220 lakh in Q2 FY25; total income reached ₹22,967 lakh.

• Consolidated profit before tax for Q2 FY26 was ₹3,541 lakh, compared to ₹4,660 lakh in Q2 FY25; net profit for the quarter was ₹2,629 lakh.

• Cost of delivery rose to 73.9% of revenue, up from 70.1% quarter-on-quarter and 71.4% year-on-year.

• Marketing and sales expenses increased to 7.3% of revenue, up from 6% quarter-on-quarter and 4.5% year-on-year.

Outlook and guidance

• No formal guidance provided, but management expects growth in coming quarters, driven by customer upgrades and new client acquisitions.

• Focus remains on expanding in India, Greece, and the US, with ongoing investments in sales and marketing.

• The board recommended and paid a final dividend of ₹12.50 per share for FY25, following shareholder approval.