Nucleus Software Exports (531209) Q3 25/26 earnings summary

Executive summary

• Achieved steady performance in Q3 FY2025, with continued progress on long-term strategy and order bookings.

• Welcomed a new Chief Business Officer to strengthen leadership and business development.

• Audited standalone and unaudited consolidated financial results for the quarter and nine months ended December 31, 2025, were approved by the Board and reviewed by the Audit Committee.

• Statutory auditors expressed an unmodified opinion on standalone results and a clean review conclusion on consolidated results.

Financial highlights

• Consolidated revenue for the quarter was INR 200.03 crore (₹22,003 lakh), up from INR 205.7 crore (₹20,570 lakh) year-over-year; nine-month revenue was ₹65,126 lakh, up from ₹60,329 lakh year-over-year.

• Net profit for the quarter was INR 20.7 crore (₹2,070 lakh), down from INR 24.97 crore (₹3,497 lakh) year-over-year; nine-month profit was ₹8,219 lakh, down from ₹9,823 lakh year-over-year.

• Product revenue reached INR 185.58 crore, up both sequentially and year-over-year.

• EBITDA stood at INR 32.72 crore, up from INR 23.08 crore sequentially but slightly down from INR 33.02 crore year-over-year.

• EPS for the quarter was INR 7.86 (₹7.86, not annualised), compared to INR 13.28 (₹13.28) year-over-year.

Outlook and guidance

• No specific revenue or earnings guidance provided.

• Management expects cost of delivery to rise slightly due to new labor codes, but aims to contain costs through efficiency and AI adoption.

• The company continues to monitor the impact of new Labour Codes and will evaluate further effects on employee benefit liabilities as developments occur.

• Significant deal pipeline expected to convert in coming quarters, with focus on both new client acquisition and migration of existing clients.