Nucleus Software, India’s top provider of lending and transaction banking solutions to the global financial services industry, announced its financial results for the fourth quarter and fiscal year ended March 31, 2024.
The consolidated revenues for the quarter ended March 31, 2024 are Rs. 210.3 crore, compared to Rs. 206.2 crore in Q4 of FY 2022-23. PAT on a consolidated basis is Rs. 52.1 crore, compared to Rs. 67.6 crore in Q4 of FY 2022-23. PAT on a standalone basis is 48.5 crore, compared to Rs. 66.8 crore in the fourth quarter of FY 2022-23. The combined EPS during this period is Rs. 19.48, compared to Rs. 25.27 in the fourth quarter of FY 2022-23. The standalone EPS during this period is Rs. 18.11, compared to Rs. 24.95 in the fourth quarter of FY 2022-23.
“In the dynamic landscape of modern business, Nucleus Software stands as a beacon of innovation, guided by our unwavering dedication to excellence. With our digital-first ethos at the forefront, we forge ahead, delivering robust and scalable solutions that redefine industry standards. Our unyielding dedication to empower financial institutions to lead sustainably and competitively is fueled by relentless R&D investments and our rich domain expertise of over three decades. As we navigate this final quarter and beyond, our mission remains clear to explore new horizons, maintain our competitive edge, and consistently deliver exceptional value to not only Financial Institutions but also end consumers of financial services.” says Vishnu R Dusad, MD and Co-founder, Nucleus Software
Recognising the diverse demands of the financial sector, we prioritise customer needs above everything else. Our commitment includes offering cutting-edge technology; with the use of ATDD and CICD, we want to revolutionise software development techniques, decreasing release cycles by 40% and ensuring seamless alignment between software solutions and end-user expectations. With over 520 in-house APIs, we ensure easy and safe access to the ever-changing financial world for all of our clients. In the following quarter, we are going to work tirelessly to improve client satisfaction and expand our global reach.
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“As we look ahead to another promising year in the digital transformation of the BFSI sector, we remain deeply committed to our core values of Result orientation, Integrity Innovation, Respect & Collaboration. With each milestone, we reinforce our position not just as a provider of financial solutions, but as trusted partners empowering our clients to thrive in an ever-evolving landscape” says Parag Bhise, CEO of Nucleus Software.
