Nucleus Software Exports (531209) Q4 99/00 earnings summary

Executive summary

• Record consolidated quarter: revenue Rs 1,014.91 lacs and PAT Rs 344.42 lacs; export mix reached 85.72%, supporting stronger profitability.

• FINNESS was selected by GMAC for implementation in Taiwan, Thailand, Indonesia and India; the U.S. subsidiary crossed break-even.

Financial highlights

• Consolidated revenue was Rs 1,014.91 lacs vs Rs 354.09 lacs YoY; operating profit (PBIDT) was Rs 433.24 lacs vs Rs 57.88 lacs.

• Consolidated PAT was Rs 344.42 lacs vs Rs 4.07 lacs YoY; EPS was Rs 10.13 vs Rs 0.12.

• Standalone revenue was Rs 772.76 lacs vs Rs 290.24 lacs; PAT was Rs 337.58 lacs vs Rs 3.34 lacs.

• Standalone operating profit (PBIDT) was Rs 431.18 lacs, 55.80% of revenue, vs Rs 57.14 lacs and 19.69% YoY.

Outlook and guidance

• First phase of the Noida development, designed for 600 people, was targeted for completion by September 2001.

• Infrastructure expansion was budgeted to increase fixed costs; results depend on proportionate business growth, and cost overruns or delays remained possible.