HomeMarket NewsNewgen Software Q1 Results: Stock falls 6% after weak operating performance, margin narrows
Newgen Software's employee benefit expenses during the quarter increased to ₹181.5 crore from ₹174 crore last year.
Shares of Newgen Software Ltd. fell as much as 6% on Thursday, July 17, in response to its June quarter results, that were reported during market hours.
The company's operating performance was weak on a year-on-year basis. Its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) declined by 6% from last year to ₹45 crore, while its margins also narrowed to 14% from 15% last year.
Higher employee benefit expenses and finance costs weighed on the company's operating performance during the quarter.
Employee benefit expenses during the quarter increased to ₹181.5 crore from ₹174 crore last year.
Revenue for the quarter increased by 2% on a year-on-year basis to ₹321 crore, while net profit saw a 4% growth from the year-ago period to ₹50 crore from ₹48 crore.
Shares of Newgen Software Technologies are trading 5.4% lower after the earnings announcement to ₹1,032. The stock has declined 40% so far in 2025.