Newgen Software Technologies Ltd

Newgen Software Technologies Ltd. reported its financial results for the first quarter ended June 30, 2026. Revenue stood at ₹357 crores, an 11% year-on-year increase, while Profit After Tax (PAT) was ₹63 crores, up 26% YoY. The company highlighted strong annuity revenue streams, which grew 14% YoY to ₹254 crores, with subscription revenues up 21% YoY and SaaS component growing 40% YoY. Geographic growth was led by the Americas, with revenues up 27% YoY. Newgen added 10 new enterprise customers and secured strategic wins in banking, insurance, and enterprise content management sectors. The company continues to invest in AI, automation, and enterprise innovation.

Newgen Software Technologies Limited's Board of Directors, in a meeting held on July 16, 2026, approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. Additionally, the board authorized Key Managerial Personnel (KMP) to determine the materiality of events and make necessary disclosures to stock exchanges, effective August 1, 2026. The authorized KMPs include Mr. Tarun Nandwani (CEO), Mr. Arun Kumar Gupta (CFO), and Mr. Aman Mourya (Company Secretary & Compliance Officer). The company also submitted its limited review reports for the financial results.

Newgen Software Technologies Limited announced that its Board of Directors has approved the Unaudited Standalone and Consolidated Financial Results for the first quarter ended June 30, 2026. The board meeting was held on July 16, 2026. The company also informed about the authorization of Key Managerial Personnel to determine the materiality of events and make necessary disclosures to stock exchanges, effective August 1, 2026. The details of the authorized personnel, including their designations and contact information, have been provided.

Newgen Software reported a clean, profit-led first quarter on a consolidated basis: revenue from operations of ₹356.68 Cr rose 11.2% YoY (from ₹320.66 Cr) while net profit jumped 26.4% to ₹62.82 Cr (from ₹49.72 Cr), lifting net margin (on total income) to 16.0% from 14.2% a year ago. With no exceptional items on either Q1, the YoY comparison is like-for-like — the +26% PAT print is fully underlying, not flattered by one-offs. The sequential optics are weak (revenue −21.2%, PAT −40.9% vs Q4), but Q4 is Newgen's seasonally strongest quarter for IT-services license closures, so the QoQ drop is a seasonality artifact rather than a deterioration. The growth was driven by overseas markets, consistent with management's stated pivot: consolidated USA revenue rose ~27% YoY to ₹91.51 Cr and EMEA ~12% to ₹113.63 Cr, while India was flat at ₹95.61 Cr — the exact India-slowdown/US-APAC-offset dynamic flagged on the Q4 call. Operating leverage on this mix expanded segment profitability, with employee cost and other expenses growing slower than the overseas topline. Standalone (parent-only) grew more modestly — revenue +8.5% to ₹304.36 Cr, PAT +22.7% to ₹59.77 Cr — so the ~3-4pp higher consolidated growth confirms subsidiaries (US/APAC) are carrying the acceleration; readers seeing the standalone number elsewhere should not treat it as contradictory. Against its own framing, the quarter is a partial confirmation. On the Q4 call management refrained from formal FY27 revenue guidance (asking for 1-2 quarters of clarity) but aspired to return toward 15-19% revenue growth and hold adjusted net margins near 21%; Q1's 11.2% YoY is a clear re-acceleration from FY26's ~6% full-year growth yet still below that aspiration, and the ~17.6% net margin on revenue (16.0% on total income) sits under the 21% aim — though Q1 is the weakest seasonal quarter for margins. No street consensus print was published for this small/mid-cap, so vs-estimates is indeterminate. Concurrent with the result, the board confirmed the leadership transition already in our records — Tarun Nandwani as CEO effective 1 August 2026 — against the backdrop of the CMD being indisposed for 45+ days; the ₹26.7 Cr Kuwait, ₹16.18 Cr retail-loan and ₹15.59 Cr Annapurna Finance order wins this quarter are the kind of overseas/BFSI deal flow underpinning the re-acceleration.

Newgen Software Technologies Ltd has announced that its Board of Directors will convene on July 16, 2026, to consider and approve the Unaudited Standalone and Consolidated Financial Results for the first quarter ended June 30, 2026. Concurrently, the company has closed its trading window from June 30, 2026, to July 18, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The intimation will also be available on the company's website.

Newgen Software Technologies Limited announced significant management changes following a Board of Directors meeting on July 2, 2026. Mr. Tarun Nandwani has been appointed as the new Chief Executive Officer (CEO) and Key Managerial Personnel (KMP), effective August 1, 2026, for a term of 18 months. He was previously the Chief Operating Officer. Additionally, Mr. Pramod Kumar has been appointed as Chief Growth Officer (CGO) and KMP, also effective August 1, 2026. Mr. T. S. Varadarajan has been designated as Vice Chairman, in addition to his role as Whole-time Director. These appointments follow the resignation of Mr. Virender Jeet as CEO.

Newgen Software Technologies Ltd announced key management changes following a Board Meeting held on July 2, 2026. Tarun Nandwani has been appointed as the new Chief Executive Officer (CEO) and Key Managerial Personnel (KMP) for a term of 18 months, effective August 1, 2026. He succeeds Virender Jeet. Pramod Kumar has been appointed as Chief Growth Officer (CGO) and KMP, also effective August 1, 2026. Additionally, T. S. Varadarajan has been designated as Vice Chairman, in addition to his role as Whole-time Director. These appointments aim to drive future growth and strategic direction for the company.

Newgen Software Technologies LLC, a wholly-owned subsidiary in UAE, has received a Letter of Award from an overseas entity in Kuwait for a core insurance system replacement project. The aggregate value of the order is KWD 875,000, approximately ₹26.70 crore. The contract includes licenses, implementation services, and five years of support, with execution expected over five years. The customer's name is withheld due to confidentiality. This international deal does not involve any interest from Newgen's promoters or promoter group.

Newgen Software Technologies Ltd has received and accepted a Letter of Award for a Retail Loan Origination Solution. The aggregate value of the order is USD 1,710,000, which translates to approximately ₹16.18 crore (at 1 USD = INR 94.66). The contract is with an overseas entity in the Philippines, whose name is withheld due to confidentiality. The execution period for this international order is 5 years, and it is confirmed not to be a related party transaction.

Newgen Software Technologies Ltd announced that its Chairman & Managing Director, Mr. Diwakar Nigam, has been indisposed and unavailable to discharge his duties regularly for over 45 days in a rolling 90-day period due to pneumonitis. He was hospitalized intermittently from May to June 2026. Despite his extended absence, Mr. Nigam has participated in crucial meetings and decision-making. The company assures business continuity with existing Whole-time Directors managing operations. This disclosure is made due to the nature and duration of his unavailability.