Nucleus Software Building On Stability, Innovation For Future Growth
FinTech BizNews Service
Mumbai, 13 November, 2024: 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 November 12, 2024, for the quarter and half year ended on September 30, 2024.
The Revenue on a consolidated basis is at Rs. 202.2 Crore for the quarter ended September 30, 2024 as against Rs. 205.3 Crore in Q2 of FY 2023-24. The PAT on a consolidated basis was at Rs. 33.1 Crore, as against Rs. 44.6 Crore in Q2 of FY 2023-24. The Basic EPS on a consolidated basis stood at Rs. 12.4 in Q2 of 2024-25 as against Rs. 16.7 in Q2 of FY 2023-24. The revenue on a standalone basis is at Rs. 185.3 Crore for the quarter ended September 30, 2024 as against Rs. 189.4 Crore in Q2 of FY 2023-24. The PAT in Q2 of FY 2024- 25 stood at Rs. 36.5 Crore on a standalone basis as against Rs. 42.1 Crore in Q2 of FY 2023-24. The basic EPS on standalone basis during this period was Rs. 13.6 as against Rs. 15.7 in FY 2023-24.
“At Nucleus Software, we remain committed to delivering resilient and consistent performance, even in digitally dynamic market conditions. We have maintained stability, which highlights both our strategic foresight and our team’s dedication to consistently delivering value to our clients and stakeholders. We consider this quarter as a foundation for our future ambitions. We will continue to adapt with the evolving needs of end customers, with a focus on innovative digital solutions for sustainable growth,” says Mr. Vishnu R. Dusad, Co-founder and Managing Director of Nucleus Software.
Nucleus Software is committed to staying ahead of industry trends, with substantial investments in research and development. Harnessing AI-powered insights, advanced cybersecurity, and API-led seamless integration, the company’s lending and transaction banking platforms enable financial institutions to provide hyper-personalized services at scale. With over 540 APIs, Nucleus Software continues to offer quick and easy integration capabilities across the financial ecosystem, enhancing the agility and reach for FIs.
Nucleus Software continues to drive impactful innovation, ensuring that our platforms meet the needs of the evolving technology landscape. Alongside advancing our flagship solutions, FinnOne Neo® and FinnAxia®, we are deeply committed to fostering financial inclusivity—a vision of Viksit Bharat. This commitment goes beyond traditional lending models, as Nucleus Software explores new, effective ways to reach underserved communities, bridging access gaps to promote equitable growth.
“As we conclude Q2 2024, we remain focused on our strategic goals and the ongoing enhancement of our solutions. Our result reflect a balanced performance amid market complexities. Nucleus Software will continue focusing on delivering advanced and robust technology for the BFSI sector, emphasizing significant value and unique customer-centric solutions. We are committed to fostering financial inclusivity and accessibility, ensuring that we empower a broader spectrum of customers. As we look ahead, we are confident that our proactive strategies will drive sustainable growth” says Parag Bhise, Chief Executive Officer, Nucleus Software.
