• Event Type: Earnings conference call for the quarter ended June 30, 2026 (Q1 FY27).
  • Date and Time: July 31, 2026, at 15:00 Hrs (IST).
  • Purpose: Discussion of quarterly results and business updates.
  • Management Participants: Mr. Vishnu R. Dusad (Managing Director), Mr. Parag Bhise (CEO and Executive Director), Mr. Ashok Kumar Bhura (CFO), Mr. Apurva Chamaria (Chief Business Officer), Mr. Anurag Mantri (COO), Mr. Mukesh Bangia (VP), Mr. Abhishek Pallav (VP), Mrs. Swati Patwardhan (CHRO), Mr. Bhavit Vijay Godiwala (Chief Customer Success Officer), and Mr. Tapan Jayaswal (Financial Controller).
  • Availability: Audio and transcript were made available on the company's website at www.nucleussoftware.com.
  • Compliance: The company stated it does not provide specific revenue earnings guidance and that forward-looking statements must be reviewed in conjunction with company risks.

Financial Highlights for Q1 FY27 (Quarter ended June 30, 2026):

  • Consolidated Revenue: INR 210.4 crore (6.4% QoQ growth, 3.4% YoY growth)
  • Product Revenue: INR 176.6 crore (83.9% of total revenue vs 84.1% previous quarter)
  • Geographic Revenue Mix: India 56%, Middle East 12%, South Asia 11%, Europe 5%, Others 16%
  • Top 5 Clients Contribution: 28.1% of revenue (vs 29.3% previous quarter)
  • Cost of Delivery: INR 160.4 crore (76.2% of revenue vs 70% QoQ and 70.1% YoY)
  • Marketing & Sales Expenses: 10% of revenue (vs 7.1% QoQ and 6% YoY)
  • General & Administrative Expenses: 10.1% of revenue (vs 7.5% QoQ and 8.3% YoY)
  • EBITDA: INR 7.6 crore (vs INR 34.6 crore QoQ and INR 33.7 crore YoY)
  • EBITDA Margin: 3.6% (vs 15.4% QoQ and 15.5% YoY)
  • Other Income: INR 17.8 crore (19.5% QoQ growth, 0.7% YoY degrowth)
  • Profit After Tax: INR 23.9 crore (30.9% QoQ degrowth, 32.2% YoY degrowth)
  • Order Book Position: INR 1,244 crore as of June 30, 2026 (88% from products)
  • Cash & Equivalents: INR 977.9 crore as of June 30, 2026 (vs INR 972.4 crore on March 31, 2026)
  • Receivables: INR 174.7 crore (DSO increased to 63 days from 42 days previous quarter)
  • Headcount: 2,059 employees (vs 2,028 previous quarter)
  • Attrition: 3% (vs 2% previous quarter)

Business Updates:

  • Enterprise AI foundation is now in place with organization-wide learning initiatives
  • Launched FinnOne Neo release 9.0 with embedded AI capabilities across lending lifecycle
  • Appointed Mr. Bhavit Godiwala as Chief Customer Success Officer with nearly three decades of banking technology experience
  • Celebrated 5-year journey with Hatton National Bank in Sri Lanka (FinnAxia customer)
  • Recognized reduction in gratuity liability of INR 6.99 crore and compensated absence liability of INR 2.83 crore due to remuneration structure revision
  • Granted restricted stock units to eligible employees under Nucleus Software RSU Scheme-2026

Additional Notes Section

  • The document is a transcript of the earnings conference call submitted to stock exchanges.
  • The transcript includes detailed Q&A session with analysts covering topics such as order book conversion, expense increases, customer losses, pricing strategy, and geographic focus.
  • Management emphasized continued investment in product development and AI capabilities despite short-term margin pressures.
  • Key growth markets identified as Middle East, Southeast Asia, and the United States.