Nucleus Software is doing very well – earnings-wise as well as on the bourses. The stock, which had closed yesterday at Rs.394.45, opened higher today at Rs.418 and went up to an intraday high at Rs.459.65.
The market has given it’s Q4Fy22 earnings a big thumbs up. The company reported, on a sequential basis, a 127% rise in net profit at Rs.18 crore and this was on a 26% jump in revenue at Rs.122 crore.
With EBIT margin being the main focus of attention in IT companies, Nucleus did well – its EBIT margin rose from 3% to 13%.
The company also declared a final dividend of Rs.7/share.