Newgen Software Technologies Ltd has announced its consolidated financial results for Q2 FY2024, reporting impressive growth across key financial metrics.
- Revenue from Operations: ₹361.16 crore, representing a significant 23.2% YoY increase from ₹293.24 crore in Q2 FY2023.
- Net Profit: The company posted a net profit of ₹70.33 crore for the quarter, up 47.1% YoY compared to ₹47.79 crore in Q2 FY2023.
- EBIT (Earnings Before Interest and Taxes): ₹75 crore, up from ₹40 crore in the same period last year.
- EBIT Margin: Improved to 21% from 12.7% YoY.
These results highlight Newgen’s strong operational performance and its continued focus on driving profitability. The company attributes this growth to its expanding market presence and strategic initiatives aimed at increasing efficiency.
Disclaimer: The financial results mentioned above are based on consolidated figures for the quarter ending September 30, 2024.
