| Revenue growth | Q2 revenue +8.2% QoQ; YoY ~6.7%; H1 +1.6% YoY. |
|---|---|
| Margins | EBITDA margin 6.8% vs 3.6% QoQ, 10.8% YoY; contraction, no recovery timeline. |
| Order book | ₹1,317 Cr, about 1.45x annualised revenue; AMC inclusion method unclear. |
| Demand visibility | Order book ₹1,317 Cr, +5.9% QoQ; no demand-trend commentary given. |
| Management confidence | Balanced to defensive; avoided margin timing and order conversion numbers. |
Growth
QoQ +8.2% revenue; YoY ~+6.7%. H1 revenue +1.6% YoY, USD -6.9%. Q2 PAT ₹21.3 Cr, -19.2% YoY.
Outlook
No revenue guidance given. Order book ₹1,317 Cr (+5.9% QoQ), about 1.45x annualised revenue; implementation 3–18 months.
Risks
Margin 6.8% vs 10.8% YoY; DSO up to 80 days from 63; receivables ₹220 Cr vs ₹175 Cr QoQ.
Last quarter's promises, checked
Delivered
- Revenue ₹210–215 Cr/qtr run-rate → ₹227.7 Cr (= BEAT)
Partly delivered
- Employee cost % of revenue to fall (no figure) → delivery cost 76.2%→73.8% QoQ (= PARTIAL)
- Margin-control gains in later quarters (unquantified) → EBITDA 3.6%→6.8% QoQ (= PARTIAL)
- Q1 orders locked >₹300 Cr → order book net +₹200 Cr to ₹1,244 Cr (= PARTIAL)
Missed
- EBITDA margin 25–27% aspiration (cited) → 6.8% (= MISS)
- AI productivity benefits to be measured this quarter → no quantified benefit reported (= MISS)
Earnings Call Transcript filed with NSE, NSE: NUCLEUS. Summary written with AI assistance from the document.
Nucleus Software Exports Ltd: key numbers
- Share price
- ₹611.40
- Market cap
- ₹1,610 Cr
- Revenue (annual)
- ₹876.0 Cr
- Net profit (annual)
- ₹116.7 Cr
- P/E (TTM)
- 16.0×Sector 23.6×
- Promoter holding
- 73.60%+0.00% QoQ
- FII holding
- 2.56%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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