Newgen Software shares soar 9% on bagging $2.5 million five-year international contract
Shares of
Newgen Software Technologies
surged 9% to Rs 1,335.7 in intraday trade on Thursday after the company announced a $2.5 million international order.
In a regulatory filing on Wednesday, Newgen said it received and accepted a $2.5 million (approximately Rs 20.8 crore) contract for the supply and implementation of its Enterprise Workflow and Content Management System.
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The five-year contract, awarded by an overseas client, includes licensing, implementation, and support services. Newgen's solutions will be deployed to drive digital transformation across multiple business lines of the customer.
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Newgen Software Q4 earnings
Newgen Software reported a 2.8% year-on-year rise in consolidated net profit to Rs 108.3 crore for the quarter ended March 31, 2025, driven by higher revenues. In the same quarter last year, the company posted a profit of Rs 105.26 crore.
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Revenue from operations grew 14.5% to Rs 429.8 crore in Q4 FY25, up from Rs 375.2 crore in Q4 FY24, supported by strong performance in the APAC and US markets.
On a sequential basis, net profit and revenue increased by 21.6% and 12.7%, respectively.
For the full financial year FY25, Newgen's profit rose 20.5% to Rs 315.2 crore, compared to Rs 251.6 crore in FY24. Annual revenue increased 19.5% to Rs 1,486.8 crore, driven by growth in the license and implementation segments.
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Newgen Software Share Price Target and Performance
According to Trendlyne, the average target price for
Newgen Software
is Rs 1,180, indicating a potential downside of 7% from current levels. Among the five analysts covering the stock, the consensus rating is 'Buy'.
At 10:16 am, the stock was trading 3.8% higher at Rs 1,270 on the BSE. The stock has gained 28% over the past three months but remains down 26% year-to-date. The company's market capitalisation stands at Rs 17,955 crore.
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