Dolat Capital: Nucleus Software Exports Q1 Results Beat, Commentary Improves; Too Early To Call It New Normal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. 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. revenues stood at Rs 1.28 billion down 7% QoQ in line with our estimates. Performance was far better than the caution it shared in Q4 commentary.Order book in product segment stood at Rs 4.04 billion, (flat QoQ, as well as YoY basis). Profitability surprised significantly as it improved 600 basis points QoQ at 26% (best ever) versus our estimate of 15%.Profit after tax beat was extended (reported Rs 363 million, versus our estimate Rs 210 million) led by 30% QoQ jump in other income and lower effective tax rate of 21.8% (FY20: 23.8%).Management commentary improved materially as it witnessed better bookings and have healthy pipeline across product offerings. However, management refrained to call it a new normal and expect a potential risk of trend reversing again..Click on the attachment to read the full report:.DISCLAIMERThis 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 brokerage 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.

Dolat Capital: Nucleus Software Exports Q1 Results Beat, Commentary Improves; Too Early To Call It New Normal

Dolat Capital: Nucleus Software Exports Q1 Results Beat, Commentary Improves; Too Early To Call It New Normal

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