Shares of Newgen Software Technologies Ltd. surged over 13% on Thursday, hitting ₹1,115.55 in morning trade ahead of the company’s scheduled March quarter (Q4 FY25) results, which are due later today, May 2.
The rally in Newgen’s stock comes amid strong investor expectations following its robust third-quarter performance. In Q3 FY25, the company posted a 31% year-on-year rise in net profit to ₹89 crore, driven by operational efficiencies and margin expansion. Revenue during the quarter grew 17.7% YoY to ₹381 crore, while EBITDA soared 40.2% to ₹107.8 crore. EBITDA margin improved significantly to 28.3% from 23.8% a year earlier.
The ongoing momentum in digital transformation across sectors is expected to further boost the company’s top line and margins. Newgen Software is among the companies scheduled to announce their Q4 results today, along with firms like Marico, City Union Bank, Gravita, and Indian Overseas Bank.
As of 11:00 AM, Newgen’s stock was among the top gainers on the NSE, trading at ₹1,115.55, up ₹129 from its previous close of ₹986.55.
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