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Newgen Software shares slip 6% post Q1; opportunity or exit signal?
At 11:27 AM, Newgen Software Technologies share price was trading 5.52 per cent lower at ₹969.8 per share on the BSE. In comparison, the BSE Sensex was down 0.59 per cent at 81,777.81.
The company's market capitalisation stood at ₹13,734.81 crore. The 52-week high of the stock was at ₹1,795.5 per share, and the 52-week low of the stock was at ₹740.05 per share.
Newgen Software Technologies Q1 results
The company on Thursday, after market hours, reported a net profit of ₹49.7 crore for Q1FY26, up 4.5 per cent, from ₹47.6 crore a year ago. However, sequentially, the net profit declined 54 per cent from ₹108 crore in Q4.
The company's revenue from operations increased 1.9 per cent to ₹320.6 crore as compared to ₹314.7 crore a year ago and ₹429.89 crore in Q4.
Should you buy or sell Newgen Software Technologies shares?
ICICI Securities has maintained a 'Reduce' rating on the stock and has cut the target to ₹970 per share from ₹1,020.
Newgen reported a sharp miss against ICICI Securities estimates on revenue, with growth of 1.9 per cent Y-o-Y – much lower than the company's aspiration of 20 per cent year-on-year (Y-o-Y) growth.
Revenue was impacted by lower large-license deals across its key vertical of banking (-5.2 per cent Y-o-Y) and key markets of India (3 per cent Y-o-Y) and the Middle East (0.3 per cent Y-o-Y). Demand was impacted by macro headwinds in the Middle East and a pull-back in retail lending in India.
The brokerage has cut earnings per share (EPS) estimates by 4-5 per cent led by a cut in revenue estimates. We model 7 per cent/17 per cent/15 per cent revenue growth in Rupee terms in FY26/27/28.
About Newgen Software
Newgen is the leading provider of a unified digital transformation platform with native process automation, content services, and communication management capabilities. Globally, enterprises rely on Newgen's industry-recognised low-code application platform to develop and deploy complex, content-driven, and customer-engaging business applications on the cloud. From onboarding to service requests, lending to underwriting, and for many more use cases across industries. Newgen unlocks simple with speed and agility.
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