Dolat Capital: Nucleus Software Exports’ Strong Order Win Drive Q2 Revenue Performance
Employees wear headsets while working at a call center in Kolkata, India. (Photograph: Taylor Weidman/Bloomberg)

Dolat Capital: Nucleus Software Exports’ Strong Order Win Drive Q2 Revenue Performance

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.’s revenues stood at Rs 1.37 billion up 7% QoQ ahead of our estimates of 4.5% QoQ growth.

Performance was led by sustained demand traction across markets (primarily in India) and is evident from sequential growth in product segment order book by 9.5% QoQ at Rs 4.4 billion, (up 6% on YoY basis).

Ebit margin declined 430 basis points QoQ at 22% (our estimate 25.2%) as company made provision towards potential special bonus payout to employees in H2 amounting Rs 150 million, which may get pay-out in Q3 or Q4 and may also add up to this kitty based on market situation.

Click on the attachment to read the full report:

Dolat Capital Nucleus Software Q2FY21 Result Update.pdf

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