BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Nucleus Software Exports Ltd. reported 6.5% QoQ revenue growth (our estimate: 5.6%) but management said softness in order-to-revenue conversion continues due to lingering impact of supply side challenges (headcount slides down 15% YoY).
Reported operating profit margin of 1.3% versus estimate of 4.3% and Ebit of Rs 16 million.
OPM remains subdued due to increased general and administrative expenses, rising by 20% QoQ. Lateral hiring challenges continues while it is hiring freshers aggressively.
Nucleus Software's order book stood at Rs 5.6 billion up 3.1% QoQ (up 22.4% YoY basis). The net new orders stood at Rs 1.38 billion which is higher than revenue during the quarter (largely implying order conversion delay).
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR