Newgen Software shares slide over 16% in three days after weak Q1 earnings
Newgen Software
have declined more than 16% in the past three sessions following the company's weaker-than-expected
Q1FY26 results
. On Monday, the stock fell 4.8% to Rs 916.8 on the BSE.
Newgen Software Q1 performance
Explore courses from Top Institutes in
Select a Course Category
Healthcare
Degree
Cybersecurity
PGDM
Management
Leadership
Project Management
Data Science
MCA
Others
Digital Marketing
Finance
Artificial Intelligence
Product Management
CXO
Data Science
Public Policy
others
Design Thinking
MBA
Skills you'll gain:
Financial Analysis in Healthcare
Financial Management & Investing
Strategic Management in Healthcare
Process Design & Analysis
Financial Analysis in Healthcare
Financial Management & Investing
Strategic Management in Healthcare
Process Design & Analysis
Duration:
12 Weeks
Indian School of Business
Certificate Program in Healthcare Management
Starts on
Jun 13, 2024
Get Details
Skills you'll gain:
Financial Analysis in Healthcare
Financial Management & Investing
Strategic Management in Healthcare
Process Design & Analysis
Duration:
12 Weeks
Indian School of Business
Certificate Program in Healthcare Management
Starts on
Jun 13, 2024
Get Details
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Join new Free to Play WWII MMO War Thunder
War Thunder
Play Now
Newgen reported a consolidated net profit of Rs 49.72 crore for the April–June quarter, up 4.5% year-on-year from Rs 47.57 crore. However, on a sequential basis, profit slumped 54% from Rs 108 crore in Q4FY25.
Revenue from operations rose just 2% YoY to Rs 321 crore but dropped over 25% from Rs 430 crore in the preceding quarter.
Operating performance also took a hit, with Ebitda falling 6% YoY to Rs 45 crore. The Ebitda margin declined to 14% from 15% a year ago, impacted by higher employee benefit expenses and increased finance costs.
Live Events
Among key markets, revenue from the India business showed a slight YoY increase but declined sharply from the March quarter. Revenue from Europe fell to Rs 103.4 crore from Rs 138.56 crore QoQ.
APAC revenue remained flat YoY at Rs 49.9 crore but declined from Rs 69.2 crore in Q4FY25. Similarly, revenue from the US market was flat YoY but lower sequentially.
Also Read:
Apollo Tyres, Brigade Enterprises among 10 small-cap stocks trading below industry PE; may rally up to 43%
Newgen Software share price target
According to Trendlyne, the average target price for
Newgen Software
is Rs 1,091, suggesting an upside potential of nearly 18% from current levels. Of the five analysts covering the stock, the consensus rating is 'Buy'.
Newgen Software shares have dropped 29% over the past six months and are down 46% so far this year. The company's current market capitalisation stands at Rs 13,058 crore.
(
Disclaimer
: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
2 minutes ago
- Indian Express
Rs 90,000/sq yard — Gurgaon's most expensive locality unveiled
Gurgaon's South City 1 is now the most expensive locality in Haryana with the introduction of revised collector rates in the state beginning Friday. For a square yard in the locality, residents will now have to shell out Rs 90,000 (Rs 1.07 lakh per square metre), up from the earlier Rs 82,000. This is the second hike in collector rates in the state in eight months. The rates were last revised with effect from December 1, 2024. The hike in collector rates ranges from 10% to 50% in both urban and rural areas. While dealers claim that the increase in circle rates may stall the real estate market in the state, a revenue official said that the new collector rates are the result of a well-thought-out process, leaving little room for changes. Apart from South City 1 in Gurgaon, Nirvana Country has also seen a substantial increase. From the earlier Rs 70,000 per square yard, collector rates have now gone up by Rs 10,000 per square yard. The Millennium City's Sector 42, which includes luxury developments such as DLF Camellias and properties along Golf Course Road, now has a collector rate of Rs 79,970 per square yard, up from Rs 72,700 per square yard. In DLF Phase II, the circle rate is now Rs 72,000 per square yard, and in DLF Phase III, one has to pay Rs 66,000 per square yard. Developments near the Southern Peripheral Road and Dwarka Expressway, which continue to see expanding infrastructure, seem to still be in an affordable ambit. With a per square yard collector rate of Rs 2,830, Sector 95A remains the least expensive in Gurgaon. Licensed colonies in Sectors 68 to 71 are close behind, with an increased circle rate of Rs 4,800 per square yard. For Sectors 76 to 80, the rate has been set at Rs 5,000 per square yard. It is followed closely by licensed plots in Sectors 91 and 92, where the rate has been marked at Rs 5,600 per square yard. Sectors 81 to 84 now have a circle rate of Rs 6,000 per square yard. In Panchkula, Mansa Devi Complex's Sectors 4, 5, and 6 are the most expensive residential areas, with circle rates now touching Rs 99,000 per square metre, up from the earlier Rs 66,000.
Time of India
16 minutes ago
- Time of India
Saraswat Bank completes New India Bank merger; account access begins Monday
Mumbai: Saraswat Co-operative Bank, the largest urban cooperative lender, has received RBI approval to merge New India Co-operative Bank with itself. The merger will take effect from Aug 4, 2025, and all branches of NICB will operate as branches of Saraswat bank from that day. Tired of too many ads? go ad free now Following the merger, Saraswat Bank will assume all assets and liabilities of New India Bank. "Customers, including depositors of NICBL, will be treated as customers of Saraswat Bank with effect from 4th August, 2025, and their interests will be fully protected," Saraswat Bank said. The move follows approvals by shareholders of both banks. Saraswat Bank passed the scheme at its special general meeting held on Jul 22, while NICB members cleared it in their annual general meeting. The proposal was then sent to RBI, which sanctioned the amalgamation under Section 44A (4) of the Banking Regulation Act, 1949. "RBI has sanctioned the Scheme of Amalgamation of NICB with Saraswat Co-operative Bank. The Scheme will come into force with effect from August 04, 2025 (Monday). All the branches of New India Co-operative Bank Ltd, Mumbai will function as branches of Saraswat Co-operative Bank with effect from August 04, 2025," RBI said. NICB was placed under RBI moratorium on Feb 13, 2025, following losses, poor governance, and a Rs 122 crore embezzlement by senior officials. A police complaint and arrests followed. RBI's surprise inspection found serious compliance failures. All withdrawals were frozen, lending and deposit-taking were banned, and the board was replaced by an administrator. RBI said the action was necessary to protect depositors and stabilise the bank while exploring revival or merger options. Tired of too many ads? go ad free now Saraswat Bank is nearly 25 times larger than the erstwhile NICB. Saraswat reported a total business volume of Rs 91,814 crore, with deposits of Rs 55,481 crore and advances of Rs 36,333 crore. NICB had a total business of Rs 3,560 crore, including deposits of around Rs 2,250-2,398 crore and advances of about Rs 1,100–1,162 crore. Saraswat Bank chairman Gautam Thakur had said that with a capital adequacy of over 17%, Saraswat was well placed to absorb NICB.
Time of India
16 minutes ago
- Time of India
Talk to farmers and acquire airport land fast: Noida DM to officials
Noida: District magistrate Medha Roopam reviewed land acquisition for phases 3 and 4 of the airport project in Jewar and instructed officials to address concerns of resistant farmers. Of the 1,857 hectares needed across 14 villages, participation in household surveys for drawing up a draft rehabilitation plan has been notably low in some villages — just 1% in Neemka Shahjahanpur, 20% in Khwajpur, and 50% in Thora. A section of farmers in these villages expressed concern over permanent livelihood loss and are demanding better compensation terms and water security. Roopam asked officials to engage with those who avoided the census and complete acquisition within the schedule. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida "The DM has directed officials to stick to the timeline for acquiring land and resolve through negotiations the issues raised by farmers. Officials have been asked to ensure transparency at each stage of the acquisition process," additional DM (land acquisition) Bachhu Singh told TOI. Officials said that despite several rounds of dialogue, some groups continued to spread misinformation to delay the land acquisition process. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like My family & I lost S$500,000 to a scam. Taking responsibility for it was hard, but it helped me grow CNA Read More Undo "Most of the families that sat out during the survey are demanding better compensation and assurances related to water availability. We are in continuous dialogue with them," Singh said. The draft rehabilitation plan, released by the district administration on July 23, said more than 17,000 families were likely to be affected directly or indirectly by the land acquisition for the airport's third and fourth phases. Most affected families are small-scale farmers or agricultural labourers, with 58% of them earning between Rs 50,000 and Rs 1 lakh annually. UP is offering Rs 4,300 per square metre in compensation for land acquired for the project in phases 3 and 4. It has also earmarked 340 hectares in villages Alavalpur, Mangaroli, Ahmedpur Chawroli and Neemka Shahjahanpur, off the Yamuna Expressway, for rehabilitating the families. Plots ranging from 50 to 500sqm are to be allocated to the villagers based on family size. The plan also specifies roads, drinking water, sewage systems, power connections, community halls, anganwadis, fair price shops, cremation grounds, and areas for cattle as part of the new settlement. For the 17,945 affected families in total, the package is likely to include a monthly subsistence allowance of Rs 3,000 for a year, Rs 50,000 as transport compensation, and an additional Rs 50,000 for SC/ST families.
