Newgen Software reported mixed financial performance in its Q3 results, with profitability under pressure on a quarter-on-quarter basis even as operating metrics showed limited improvement. The company’s net profit declined 23.2% QoQ to ₹63 crore compared with ₹82 crore in the previous quarter, reflecting softer bottom-line performance during the period.
Revenue remained largely flat, slipping marginally by 0.2% QoQ to ₹400.3 crore from ₹401 crore in Q2. The near-unchanged revenue indicates stable business activity, though it did not translate into higher profits during the quarter.
On the operational front, EBIT showed improvement, rising 3.1% QoQ to ₹97 crore compared with ₹94.4 crore in the preceding quarter. Operating margin also expanded to 24.2% from 23.5% QoQ, suggesting better cost control and operational efficiency despite the pressure on net profit.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
