{"id":"f-e550251d2f-b0a5431a-d22e-5370-b627-90acc59dff4e","title":"Newgen Software Q3 Results: Stock tanks over 15% after labour code impacts profit, no topline growth","description":"Newgen Software's India business declined to ₹115.4 crore from ₹117.8 crore, while the EMEA business topline remained flat at ₹123.6 crore.","timestamp":1768901485,"category":"business","headline":"Newgen Software Q3 Results: Stock tanks over 15% after labour code impacts profit, no topline growth","modifiedHeadline":"Newgen Software Stock Drops Over 15 Percent","subCategories":["scid_0f705da1"],"region":"IN","bundleMetaData":{"bundleId":"7b48871c-c993-4956-b43d-6f46f8e1b036","bundleTitle":"Today In India","cardData":null},"iabCategoryId":"53","fcSummary":"newgen software's shares dropped 15% after its q3 results showed a 23.2% net profit decline to ₹63 crore, partly due to a ₹35 crore one-time labour code impact. revenue was flat at ₹400 crore, while ebitda margins improved. the stock is down 57% year-to-date.","summary":"Newgen Software stock plunges over 15% following profit dip due to labour code impact; topline growth remains stagnant.","ctaUrl":"https://trends.glance.com/newz/Economy/IN/en/cnbc-tv18/f-e550251d2f-b0a5431a-d22e-5370-b627-90acc59dff4e","sourceUrl":"https://www.cnbctv18.com/market/newgen-software-q3-results-share-price-fall-revenue-margin-order-book-guidance-19824527.htm","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/c_kxbKAs2tU0.webp","content":"Shares of Newgen Software Ltd. fell as much as 15% on Tuesday, January 20, in response to its third quarter results.\n
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\n The company's net profit during the quarter fell by 23.2% to ₹63 crore from ₹82 crore last quarter. The company stated that there was a one-time impact of the new labour code worth ₹35 crore, which impacted its profitability. Adjusted for that, the bottomline would have been higher on a sequential basis.\n\n
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\n Revenue for the quarter remained unchanged at ₹400 crore from ₹401 crore from the July-September quarter\n
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\n Earnings Before Interest and Tax (EBIT) grew by 3.1% to ₹97 crore from ₹94.4 crore last quarter. EBITDA margins though, expanded by 70 basis points from the previous quarter to 24.2% from 23.5%.\n
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\n Newgen Software's India business declined to ₹115.4 crore from ₹117.8 crore, while the EMEA business topline remained flat at ₹123.6 crore. APAC revenue saw a small increase to ₹65.32 crore from ₹63.45 crore, while the US business revenue increased to ₹96 crore from ₹95 crore in the September quarter.\n\n
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\n Shares of Newgen Software are now trading 15% lower on Tuesday after the earnings announcement at ₹627.25. The stock is down 57% over the last 12 months.","readDurationInMinutes":"2","author":{"name":"CNBC TV18","logo":"https://glance-mob.glance-cdn.com/public/bubble/jpeg/ecc3d19b-fc52-4a39-881c-5b0936ae723b.jpeg"},"ism":false,"analyticsResponses":[{"measurementId":"383191425","type":"COMSCORE"}],"pointerSummary":["Newgen Software shares drop 15% on Q3 results.","Net profit down 23.2% to ₹63 crore due to ₹35 crore labor code impact.","Revenue flat at ₹400 crore; EBIT up 3.1%."],"tags":["NewgenSoftware","Q3Results","StockMarket","LabourCode","ProfitDecline","EMEA","APAC","IndiaBusiness","Revenue","EBIT","EBITDA","SharePrice","FinancialResults"],"consent":true,"redirectionEnabled":false}

Newgen Software Q3 Results: Stock tanks over 15% after labour code impacts profit, no topline growth

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