Newgen Software shares fall over 11% in two days after weak Q1 results
Newgen Software
have dropped more than 11% over the past two sessions following the company's disappointing Q1FY26 earnings. On Friday, the stock fell nearly 6% to Rs 968 on BSE.
Newgen Software Q1 performance
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Newgen Software reported a consolidated net profit of Rs 49.72 crore for the April–June quarter, marking a modest 4.5% year-on-year increase from Rs 47.57 crore. However, on a sequential basis, profit fell sharply by 54% from Rs 108 crore in Q4FY25.
Revenue from operations grew just 2% YoY to Rs 321 crore but dropped over 25% compared to Rs 430 crore in the previous quarter.
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The company's operating performance also weakened. EBITDA declined 6% YoY to Rs 45 crore, while EBITDA margin narrowed to 14% from 15% a year ago. The decline was primarily attributed to higher employee benefit expenses and increased finance costs.
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.
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Newgen Software share price
target
According to Trendlyne, the average target price for Newgen Software is Rs 1,186, indicating a potential upside of nearly 22% from current levels. Of the four analysts tracking the stock, the consensus rating is 'Buy'.
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