Newgen Software Technologies reports record high financial performance in Q4 2024

Newgen Software Technologies, a midcap IT software company, has recently declared its financial results for the quarter ended March 2024. The company has shown a very positive performance in this quarter, with a score of 20 out of 20, an improvement from 15 in the last 3 months. One of the key highlights of the quarter was the company's net sales, which reached a record high of Rs 375.27 crore, the highest in the last five quarters. This shows a positive trend in the company's sales performance in the near term. Additionally, the net sales have grown by 23.02% year on year, indicating a strong growth trajectory for the company. Newgen Software also saw a significant increase in its operating profit (PBDIT) for the quarter, reaching a high of Rs 122.55 crore. This is the highest in the last five quarters and shows a positive trend in the company's operating profit performance. The operating profit margin also reached a record high of 32.66%, indicating an improvement in the company's efficiency. The company's profit before tax (PBT) also saw a significant increase, reaching a high of Rs 113.96 crore, the highest in the last five quarters. This shows a positive trend in the company's PBT performance in the near term. The PBT has also grown by 28.80% year on year, indicating a strong growth trajectory for the company. Newgen Software's profit after tax (PAT) also saw a significant increase, reaching a high of Rs 105.27 crore, the highest in the last five quarters. This shows a positive trend in the company's PAT performance in the near term. The PAT has also grown by 31.7% year on year, indicating a strong growth trajectory for the company. The company's earnings per share (EPS) also reached a record high of Rs 7.53 in the last five quarters, indicating an increase in profitability and higher earnings for shareholders. However, one area of concern for Newgen Software is its non-operating income, which reached a high of Rs 15.07 crore in the last five quarters. This may not be sustainable in the long term and the company should focus on increasing its income from core business activities. Overall, Newgen Software Technologies has shown a very positive financial performance in the quarter ended March 2024. With strong growth in sales, operating profit, and profit after tax, the company is on a positive growth trajectory. MarketsMOJO has also given a 'Buy' call for the company's stock, making it a promising investment opportunity for investors.