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

Executive summary

• Achieved steady performance in Q3 FY2026, with continued progress on long-term strategy and order bookings.

• Welcomed a new Chief Business Officer to strengthen leadership.

• Added two new client logos in the quarter, totaling seven for the year, all in the lending segment.

• 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, up from INR 205.7 crore year-over-year, but down sequentially from INR 213.51 crore.

• 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.

• Net profit was INR 20.7 crore, down from INR 26.29 crore sequentially and INR 24.97 crore year-over-year.

• EPS for the quarter was INR 7.86, compared to INR 9.99 in the previous quarter and INR 13.28 year-over-year.

• Total cash and cash equivalents as of December 31 were INR 971.6 crore.

• Standalone revenue for the quarter was INR 202 crore, up from INR 188.8 crore year-over-year.

• Standalone profit for the quarter was INR 17.42 crore, down from INR 30.87 crore year-over-year.

Outlook and guidance

• Management expects cost of delivery to rise slightly due to new labor code changes, with ongoing efforts to contain costs through AI adoption and operational initiatives.

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

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

• No specific revenue or earnings guidance provided.