Nucleus Software Reports Decline in Profitability Amid Improved Receivables Management

Nucleus Software Exports, a small-cap player in the IT software industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a challenging period for the company, particularly in terms of profitability metrics. The Profit Before Tax (PBT) for the quarter stood at Rs 29.43 crore, reflecting a notable decline compared to the average PBT of Rs 37.64 crore from the previous four quarters. Similarly, the Profit After Tax (PAT) was recorded at Rs 34.97 crore, which also shows a decrease from the average PAT of Rs 39.18 crore over the same period.
On a more positive note, Nucleus Software has demonstrated efficiency in managing its receivables, achieving a Debtors Turnover Ratio of 8.14 times, the highest in the last five half-yearly periods. However, the company's reliance on non-operating income, which constitutes 34.60% of its PBT, raises concerns about the sustainability of its business model.

In light of these developments, there has been an adjustment in the evaluation of Nucleus Software's performance.

Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.