Mumbai, Jan 20 || Newgen Software Technologies on Tuesday reported 29.42 per cent year-on-year (YoY) drop in net profit in the December quarter of the current financial year (Q3 FY26).
The company’s net profit declined to Rs 62.81 crore in Q3, compared to Rs 89 crore in corresponding quarter of previous financial year (Q3 FY25), according to its stock exchange filing.
On quarter-on-quarter (QoQ), the New Delhi-based IT firm posted 23.3 per cent decline in its net profit, compared with Rs 81.74 crore in the previous quarter (Q2 FY26).
Revenue from operations remained almost flat and slipped marginally by 0.2 per cent to Rs 400.27 crore from Rs 400.79 crore on a quarter-on-quarter basis, it said in its regulatory filing.
Despite the drop in profit, operating performance showed some improvement. EBIT rose 3.1 per cent to Rs 97 crore from Rs 93.3 crore in the September quarter.
As a result, the EBIT margin improved to 24.2 per cent from 23.3 per cent on a sequential basis.