Newgen Software shares slide over 16% in three days after weak Q1 earnings
Newgen Software
have declined more than 16% in the past three sessions following the company's weaker-than-expected
Q1FY26 results
. On Monday, the stock fell 4.8% to Rs 916.8 on the BSE.
Newgen Software Q1 performance
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Newgen reported a consolidated net profit of Rs 49.72 crore for the April–June quarter, up 4.5% year-on-year from Rs 47.57 crore. However, on a sequential basis, profit slumped 54% from Rs 108 crore in Q4FY25.
Revenue from operations rose just 2% YoY to Rs 321 crore but dropped over 25% from Rs 430 crore in the preceding quarter.
Operating performance also took a hit, with Ebitda falling 6% YoY to Rs 45 crore. The Ebitda margin declined to 14% from 15% a year ago, impacted by higher employee benefit expenses and increased finance costs.
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Among key markets, revenue from the India business showed a slight YoY increase but declined sharply from the March quarter. Revenue from Europe fell to Rs 103.4 crore from Rs 138.56 crore QoQ.
APAC revenue remained flat YoY at Rs 49.9 crore but declined from Rs 69.2 crore in Q4FY25. Similarly, revenue from the US market was flat YoY but lower sequentially.
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Newgen Software share price target
According to Trendlyne, the average target price for
Newgen Software
is Rs 1,091, suggesting an upside potential of nearly 18% from current levels. Of the five analysts covering the stock, the consensus rating is 'Buy'.
Newgen Software shares have dropped 29% over the past six months and are down 46% so far this year. The company's current market capitalisation stands at Rs 13,058 crore.
(
Disclaimer
: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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