Multibagger Mid-Cap IT Stock Newgen Software Sheds 6% After Net Profit Slumps 54% QoQ In Q1FY26
Newgen Software share price trades 43% lower from its 52-week high. At 3:26 pm, the stock traded 6.30% lower at Rs 1,024.85 apiece on the BSE.
Newgen Software share price: Shares of mid-cap information technology (IT) stock Newgen Software plunged over 6% intraday on Thursday, July 17, after the company reported a muted performance in the April-June quarter of fiscal 2025-26 (Q1FY26). The IT stock has delivered multibagger returns to investors over the last three-to-five year period.
Newgen Software announced its April-June quarter results earnings during market hours today, reporting a 4.5 per cent year-on-year (YoY) rise in its consolidated profit to Rs 49.72 crore from Rs 47.57 crore in the same quarter last year. However, net profit crashed 54% sequentially.
Newgen Software share price today
On Thursday, shares of Newgen Software opened trading at Rs 1,094.90 and dropped 6.73% to hit an intraday low of Rs 1,018. At opening, the stock went above the 100-day daily moving average of Rs 1075.78. The mid-cap IT company's market cap lost Rs 953.14 crore during the session today.
The stock trades 43% lower from its 52-week high. At 3:26 pm, the stock traded 6.30% lower at Rs 1,024.85 apiece on the BSE. Newgen Software share price is down 39.74% on a year-to-date basis and over 2% on a 12-month basis. The relative strength index was 42.89.
The stock hit its 52-week low of Rs 758.20 on April 7 after hitting a 52-week high of Rs 1,798.90 on January 15 this year. The mid-cap IT stock has delivered massive 469.46% multibagger returns in the last three years and 1,087.72% in the last five years.
Newgen Software share price movement today
Newgen Software Q1 Results
The company's revenue from operations for the quarter under review stood at Rs 320.66 crore, up nearly 2% against Rs 314.72 crore in Q1FY25. However, the top line but fell over 25% sequentially from Rs 430 crore reported in the previous quarter. EBITDA declined by 6% from last year to Rs 45 crore, while its margins also narrowed to 14% from 15% last year.
Within Newgen's key geographies, the India business revenue increased marginally on a year-on-year basis but saw a substantial decline in comparison to the March quarter. European business revenue also declined to Rs 103.4 crore from Rs 138.56 crore in the previous quarter.
