Newgen Software Technologies Ltd.

BSE: 540900 | NSE: NEWGEN
Small Cap | IT - Software
483.60
5.25 (1.10%)
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Newgen Software Technologies reports 57% rise in Q1 consolidated net profit

Date: 19-07-2023

Newgen Software Technologies has reported results for first quarter ended June 30, 2023 (Q1FY24). 

Newgen Software Technologies has reported 48.46% rise in its net profit at Rs 27.97 crore for the quarter under review as compared to Rs 18.84 crore for the same quarter in the previous year. Total income of the company increased by 32.82% at Rs 235.55 crore for Q1FY24 as compared Rs 177.34 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 57.19% rise in its net profit at Rs 30.15 crore for the quarter ended June 30, 2023 as compared to Rs 19.18 crore for the same quarter in the previous year. Total income of the company increased by 33.40% at Rs 264.18 crore for Q1FY24 as compared Rs 198.03 crore for the corresponding quarter previous year.