Newgen Software profit crosses Rs100 crore

(20 second reading) For the whole of FY23, Newgen Software Technologies Ltd. had reported a profit of Rs.177 crore. The company witnessed a 54.2% quarter-on-quarter growth in net profit at Rs.105.3 crore for the March quarter, compared to Rs. 68.3 crore in the previous December quarter.

Revenue from operations surged to Rs. 375.3 crore in the reporting quarter, which was 16% higher than Rs.323.6 crore in the last quarter. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 59.2% QoQ to Rs. 122.6 crore, while margin improved to 33% as against 24% in the previous quarter.