Key Highlights of the Q3 FY 2023-24

➢ Revenues in Q3 FY 2023-24 at Rs. 204.1 Crores on a consolidated basis.
➢ EBIDTA in Q3 FY 2023-24 at Rs. 47.4 Crores on a consolidated basis.
➢ PAT in Q3 FY 2023-24 at Rs. 41.3 Crores on a consolidated basis.

Nucleus Software, the BSE & NSE listed, India’s leading provider of lending and transaction banking solutions to the global financial services industry, announced its financial results on February 12, 2024, for the third quarter ended on December 31, 2023.

The revenues on a consolidated basis are at Rs. 204.1 Crore for the quarter ended 31^st December 2023 as against Rs. 169.3 Crore in Q3 of FY 2022-23. The PAT on a consolidated basis is at Rs. 41.3 Crore, as against Rs. 38.3 Crore in Q3 of FY 2022-23. PAT on a standalone basis is at Rs. 40.5 Crore, as against Rs. 38.6 Crore in Q3 of FY 2022-23. The EPS on a consolidated basis during this period is at Rs. 15.43 as against Rs. 14.32 in Q3 of FY 2022-23. The EPS on a standalone basis during this period is at Rs. 15.12 as against Rs. 14.40 in Q3 of FY 2022-23.

“In the third quarter, our unwavering commitment to excellence continues to drive remarkable value for our esteemed customers. Our persistent focus on Robust platforms to seamlessly handle the evolving demands of global financial institutions has solidified our position as leaders in the lending and transactional banking technology space. With an innovative team of skilled professionals delivering global excellence, we ensure the utmost security and accountability for every transaction—a cornerstone of our operations. Through cutting-edge IP products, we empower our clients to navigate the increasingly digitized BFSI landscape. By embracing a groundbreaking shift in adopting Acceptance Test-Driven Development (ATDD) moving in the direction of continuous integration and eventually continuous delivery (CICD), Nucleus Software has Revolutionized Software Development, Setting New Industry Standards in the Fintech Space shaping the future of financial services. Our unwavering focus remains on delivering innovative, robust, digitized solutions with seamless operations, and fulfilling end-user demands while democratizing global access to financial services “, says Mr. Vishnu R Dusad, MD, Nucleus Software.

At Nucleus Software, our focus is on delivering significant value and innovative technology products and platforms that enable complete digitization with robust operations, zero downtime and easy scalability. We understand the diverse demands of the BFSI industry and prioritize customer requirements above all else. Our commitment lies in providing cutting-edge technology; With the adoption of ATDD and CICD we aim to redefine software development methodologies by reducing the release cycle by 40% while ensuring seamless alignment between software solutions and end-user requirements. With 520+ homegrown APIs we ensure all our customers have seamless and secure access to the ever-evolving financial ecosystem. We are dedicated to enhancing customer experience and expanding our global footprint in the forthcoming quarter.

“These are very exciting times for the financial solutions industry in India. Today’s world is moving at a hyper pace. Customers are looking for hyper personalization, they have infinite options, they want services quick & instant, they are tech savvy, active 24/7, and command services on their fingertips. Financial institutions have to be agile, robust to deliver and to keep up with the pace of changing technologies. Everyone is rushing towards hyper innovation, so that they can launch new products & services quickly & easily.  Like never before, financial institutions feel the burning need to anticipate user needs, analyze millions of data points and be the first to reach out to customers with innovative product offerings. Through in-depth BFSI domain expertise and strategic initiatives like AI integration, Data Analytics, Cloud Services, we continue to drive excellence and fulfill the evolving customer needs, while ensuring that the integrity and robustness of the system is not even remotely allowed to get compromised“, says Mr. Parag Bhise, CEO, Nucleus Software.

About Nucleus Software

Nucleus Software Exports Ltd. Is a publicly traded (BSE: 531209, NSE: NUCLEUS), software product company that provides lending and transaction banking products to global financial leaders.

Nucleus Software delivers disruptive Fintech Solutions to 200+ Banks and Financial Institutions across 50 countries supporting Retail, Corporate & SME Finance, Islamic Finance, Automotive Finance, Captive Automotive Finance, Cash Management, Mobile & Internet Banking, Transaction Banking and more. We facilitate over 26 million transactions each day through our globally integrated transaction banking platform. Our lending platform manages US $ 500 billion of loans in India alone, and over US $700 billion of loans globally other than India, while enabling 500,000+ users to log in daily.

Our Flagship Products FinnOne Neo® and FinnAxia® are backed by 3 decades of BFSI domain expertise and an inbuilt AI powered platform to realize the digital transformation goals of FIs worldwide.

1. FinnOne Neo®: The next-generation digital lending platform, designed to revolutionize the lending process. FinnOne Neo® is built on an advanced technology platform, empowering financial institutions to streamline their lending operations, enhance customer experiences, and drive business growth.
2. FinnAxia®: An integrated global transaction banking suite, trusted by banks worldwide to optimize their transaction banking processes. With FinnAxia®, financial institutions can efficiently manage their cash management, trade finance, liquidity management, and other transaction banking activities on a single platform, thereby improving operational efficiency, visibility, and enhancing client relationships.
3. PaySe®: The world’s first online and offline digital payment solution, created with the vision to democratize money. This innovative payment solution offers users a seamless and convenient way to conduct digital transactions, both online and offline, facilitating financial inclusion and empowering individuals and businesses.
4. Nucleus Software Services: Our comprehensive suite of services is tailored to assist banks and financial institutions in their digital transformation journey and maintain an optimal technology infrastructure. Through Nucleus Software Services, we offer a holistic approach to digital transformation, enabling organizations to deliver seamless customer experiences, achieve operational and cost efficiencies, and gain actionable insights to drive strategic decision-making.

These offerings collectively underline Nucleus Software’s commitment to driving innovation and empowering financial institutions to thrive in an increasingly digital world.

For Media related information, please contact:
Deepika Gulabani
Corporate Communications
Email: deepika.gulabani@nucleussoftware.com
Phone: +91-9310334963