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 59% rise in Q2 consolidated net profit

Date: 17-10-2023

Newgen Software Technologies has reported results for second quarter ended September 30, 2023 (Q2FY24).  

The company has reported 61.81% rise in its net profit at Rs 43.64 crore for the quarter under review as compared to Rs 26.97 crore for the same quarter in the previous year. Total income of the company increased by 30.44% at Rs 272.37 crore for Q2FY24 as compared Rs 208.81 crore for the corresponding quarter previous year.  

On consolidated basis, the company has reported 59.30% rise in its net profit at Rs 47.79 crore for the quarter ended September 30, 2023 as compared to Rs 30.00 crore for the same quarter in the previous year. Total income of the company increased by 30.03% at Rs 302.57 crore for Q2FY24 as compared Rs 232.70 crore for the corresponding quarter previous year.