Newgen Software Reports Strong Q3 FY24-25 Results with Significant Growth in Key Metrics

Jan 20 2025 03:17 PM IST
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Newgen Software Technologies announced strong financial results for Q3 FY24-25, with a Profit Before Tax of Rs 98.25 crore and net sales reaching Rs 381.11 crore, the highest in five quarters. Profit After Tax also saw significant growth, reflecting the company's effective strategies and operational strength in the IT software sector.
Newgen Software Technologies has reported a strong financial performance for the third quarter of FY24-25, showcasing significant growth across key metrics. The company declared its financial results on January 20, 2025, highlighting a remarkable Profit Before Tax (PBT) of Rs 98.25 crore, reflecting a robust year-on-year growth of 42.72%. This positive trend indicates a solid operational performance.

In terms of net sales, Newgen Software achieved its highest quarterly figure in the last five quarters, reaching Rs 381.11 crore. This achievement underscores the company's effective sales strategies and market presence. Additionally, the Profit After Tax (PAT) stood at Rs 89.00 crore, marking a commendable year-on-year growth of 30.2%.

There has been an adjustment in evaluation, with a revision in its score noted over the past three months. However, the near-term trends for both PBT and PAT remain positive, showcasing Newgen Software's resilience and commitment to delivering strong financial results in the competitive IT software industry.

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