Newgen Software Technologies Q2 Results Live : Newgen Software Technologies declared their Q2 results on 15 Oct, 2024, showcasing a remarkable performance. The company reported a topline increase of 23.16% year-over-year, with profits surging by 47.18%. This growth is a strong indicator of the company’s robust market position and operational efficiency.
In comparison to the previous quarter, Newgen’s revenue saw a solid growth of 14.76%, while profit experienced an impressive increase of 47.85%. This consistent upward trend highlights the company’s ability to capitalize on market opportunities and enhance profitability.
The financial results also reveal a rise in Selling, General & Administrative (SG&A) expenses, which increased by 6.12% quarter-over-quarter and 17.91% year-over-year. Despite this uptick in expenses, the company managed to significantly boost its operating income, which was up by 87.84% quarter-over-quarter and 48.86% year-over-year.
Earnings Per Share (EPS) for Q2 stood at ₹4.87, reflecting a substantial increase of 44.94% from the same period last year. This growth in EPS is a positive sign for investors, indicating improved profitability on a per-share basis.
In terms of stock performance, Newgen Software Technologies has delivered a return of 3.74% in the last week, an impressive 68.75% over the last six months, and a notable 65.91% year-to-date return. These figures underscore the company’s strong performance in the stock market.
Currently, Newgen Software Technologies boasts a market capitalization of ₹18,127.44 Crores, with a 52-week high of ₹1,548 and a low of ₹463, reflecting significant investor interest and valuation potential.
As of 16 Oct, 2024, out of three analysts covering the company, two have issued a ‘Hold’ rating while one analyst has given a ‘Strong Buy’ rating, indicating a generally positive outlook on the company’s future performance.
Newgen Software Technologies Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 361.16 | 314.72 | +14.76% | 293.24 | +23.16% |
| Selling/ General/ Admin Expenses Total | 184.68 | 174.03 | +6.12% | 156.62 | +17.91% |
| Depreciation/ Amortization | 7.99 | 7.74 | +3.27% | 6.86 | +16.6% |
| Total Operating Expense | 286.15 | 274.79 | +4.14% | 242.85 | +17.83% |
| Operating Income | 75.01 | 39.93 | +87.84% | 50.39 | +48.86% |
| Net Income Before Taxes | 92.58 | 61.49 | +50.55% | 58.6 | +57.97% |
| Net Income | 70.33 | 47.57 | +47.85% | 47.79 | +47.18% |
| Diluted Normalized EPS | 4.87 | 3.3 | +47.58% | 3.36 | +44.94% |
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