Newgen Software Technologies Ltd – Q1 FY27 Financial Results

Newgen Software Technologies Ltd announced its consolidated financial performance for the quarter ended 30 June 2026. Revenue from operations reached ₹357 crore, compared with ₹321 crore in the same quarter last year, reflecting an 11.2% year‑on‑year increase. The company’s annuity revenue streams, comprising ATS/AMC, support, cloud/SaaS and subscription licences, totaled ₹254 crore, while overall subscription revenues were ₹146 crore, up 21% YoY; the SaaS component of this segment grew 40% YoY to ₹60 crore.

Profit after tax was reported at ₹63 crore (the detailed financial highlight cites ₹62 crore), representing a 26% YoY rise and delivering a PAT margin of 17.6% for the quarter.

Geographic Performance

  • United States revenue: ₹92 crore, up 27% YoY.
  • APAC revenue grew 12% YoY (amount not disclosed).
  • EMEA revenue grew 10% YoY (amount not disclosed).

Business Development

  • The firm added 10 new enterprise customers during the quarter.
  • Strategic wins included:
  • A Core Insurance Platform transformation project in Kuwait valued at KWD 875,000 (≈ ₹26.7 crore).
  • A Retail Loan Origination Solution deployment in the Philippines valued at USD 1.71 million (≈ ₹16.2 crore).
  • An AI‑enabled Loan Origination and Collections System for Annapurna Finance Private Limited in India valued at ₹15.6 crore.
  • An Enterprise Content Management implementation for a leading UK enterprise valued at GBP 1.13 million (≈ ₹14.5 crore).
  • The combined value of these strategic deals is approximately ₹73 crore.

Market Recognition

Newgen was recognized in three Forrester Wave™ assessments for Q2 2026: Accounts Payable Invoice Automation Software, Adaptive Process Orchestration Software Landscape, and AppGen and Low‑Code Platforms Landscape.

Management Commentary

  • Diwakar Nigam, Chairman & Managing Director, said the quarter “reflects resilient execution, with revenue up 11% YoY, robust profitability, strength of our annuity revenue model and global customer demand,” and emphasized the company’s focus on AI‑enabled unified platforms.
  • Virender Jeet, Chief Executive Officer, highlighted the “healthy start to FY27” with revenue growth of 11% YoY and PAT growth of 26%, noting the 40% YoY increase in SaaS and license subscription revenues to ₹60 crore and the addition of ten new enterprise logos.

Disclaimer

The release contains forward‑looking statements regarding Newgen’s future business prospects and profitability, subject to risks including earnings fluctuations, growth management, competition, economic conditions in India and target markets, talent acquisition, project cost overruns, international operations, government policies, and fiscal costs. Past performance may not be indicative of future results, and the company does not undertake to update any forward‑looking statements.