Event Type: Earnings Conference Call for the quarter and year ended March 31, 2026.

Date and Time: The call was held on May 22, 2026, at 15:00 Hrs.

Purpose: To discuss the financial performance for Q4 and FY26, provide a strategic update, and address investor questions.

Management Participants: The call featured the following management team members:

  • Mr. Vishnu R. Dusad, Managing Director
  • Mr. Parag Bhise, CEO and Executive Director
  • Mr. Ashok Kumar Bhura, Chief Financial Officer
  • Mr. Tapan Jayaswal, Financial Controller
  • Ms. Swati Patwardhan, Chief Human Resources Officer
  • Mr. Mukesh Bangia, Vice President
  • Mr. Abhishek Pallav, Vice President
  • Mr. Pradeep Malik, Vice President

Availability of Materials: The company stated that an audio recording and a transcript of the call would be made available shortly on the Investors section of the company's website (www.nucleussoftware.com).

UPSI Statement: The company explicitly stated that it does not provide specific revenue or earnings guidance. It also included a standard disclaimer that any forward-looking statements made during the call must be reviewed in conjunction with the risks the company faces.

Financial Period Discussed: The call focused on the financial results for the Quarter ended March 31, 2026 (Q4 FY26) and the Full Year ended March 31, 2026 (FY26).

Key Financial Highlights (Consolidated):

  • Revenue: Q4 at INR 224.77 Cr (vs. INR 220.03 Cr QoQ; vs. INR 228.96 Cr YoY). FY26 at INR 876.03 Cr (vs. INR 832.25 Cr in FY25).
  • Product Revenue: Q4 at INR 189.05 Cr. FY26 at INR 740.56 Cr.
  • Projects & Services Revenue: Q4 at INR 35.72 Cr. FY26 at INR 135.47 Cr.
  • EBITDA: Q4 at INR 34.62 Cr (vs. INR 74.33 Cr YoY). FY26 at INR 124.15 Cr (vs. INR 167.60 Cr in FY25).
  • Net Profit: Q4 at INR 34.55 Cr (vs. INR 64.77 Cr YoY). FY26 at INR 116.74 Cr (vs. INR 163.00 Cr in FY25).
  • EPS: Q4 at INR 13.12. FY26 at INR 44.35.
  • Order Book: Stood at INR 1,044.31 Cr as of March 31, 2026 (Product: INR 899.44 Cr; Projects & Services: INR 144.87 Cr), a significant increase from INR 656.68 Cr on December 31, 2025.
  • Cash & Equivalents: INR 972.37 Cr as of March 31, 2026.
  • Headcount: Approximately 2,000 employees.

Strategic & Operational Highlights:

  • The company added 7 new client logos in FY26, compared to 3 in FY25.
  • A new subsidiary was established in Vietnam to explore growth prospects.
  • Significant investment was made in the sales team, adding 40-50 executives over two years, now led by Chief Business Officer Dr. Apurva Chamaria.
  • The company is focusing on developing AI-enabled tools for seamless client migration from the older FinnOne platform to FinnOne Neo.
  • Key areas of product focus include co-lending, gold loans, and finance against securities.

Additional Notes Section

Attachments: The regulatory filing enclosed the full transcript of the earnings conference call.

Financial Data: Extensive financial data was disclosed in the transcript as part of the management's presentation.

Q&A Session Takeaways:

  • Client Loss: The loss of Bajaj Finance as a client was attributed to their strategic investment in a competitor, not product or pricing issues.
  • Customer Migration: Management expressed confidence in their AI-powered toolkit for migrating clients from FinnOne to FinnOne Neo, citing a recent successful transformation with a leading public bank.
  • Market Focus: Growth is strongest in India and the US. Efforts are ongoing to crack the Japanese market, which relies on relationships and home-grown software.
  • Revenue Recognition: The robust order book has a multi-quarter implementation cycle, meaning revenue recognition will be delayed.
  • Geopolitical Impact: A couple of orders from the Middle East were postponed due to the war situation, impacting Q4 revenue.
  • Employee Costs: Increased employee costs were noted, partly due to investments in teams and the impact of new labour code changes.