Continued to gain momentum – gained 50th customer for
FinnOne Neo Cloud, won multiple awards for customer projects and was certified
as a Great Place
to Work for the 2nd year in a row
Nucleus Software, the leading provider of lending and
transaction banking solutions to the global financial services industry,
announced its financial results for the financial
year ended March 31, 2020.
Consolidated revenue for the
fourth quarter of FY 20 is at Rs. 138.2 crore compared to Rs. 127.0
crore in the
corresponding quarter of the previous year. Revenue for FY20 is at Rs.
520.8 crore, against Rs. 484.0 crore in FY19.
Financial highlights:
Consolidated results for the Quarter
ended 31st March, 2020
·
Consolidated
revenue at Rs. 138.2 crore in comparison to Rs. 127.0 crore in the
corresponding quarter of the previous year
·
Product
business revenue for the quarter at Rs. 111.9 crore in comparison to Rs. 100.4
crore in the corresponding quarter of the previous year
·
EBIDTA for the
quarter at Rs. 31.2 crore in comparison to Rs. 21.5 crore in the corresponding
quarter of the previous year
·
Net Profit
after Tax (PAT) stood at Rs. 28.1 crore in comparison to Rs. 17.1 crore in the
corresponding quarter of the previous year
·
Earnings Per
Share (EPS) for the quarter at Rs. 9.69 in comparison to Rs. 5.88 in the
corresponding quarter of the previous year
Consolidated results for the
Year ended 31st March, 2020
· Consolidated
revenue for FY 2020 stood at Rs. 520.8 crore, in comparison to Rs. 484.0 crore
in the previous year
· Product
business revenue for the year at Rs. 414.3 crore in comparison to Rs. 383.3
crore in the previous year
· EBIDTA for the
year at Rs. 93.1 crore in comparison to Rs. 84.8 crore in the previous year
· Net Profit
after Tax (PAT) stood at Rs. 89.0 crore in comparison to Rs. 74.5 crore in the
previous year
· Earnings Per
Share (EPS) for the year at Rs. 30.64 in comparison to Rs. 25.67 in the
previous year
Liquidity:
· Cash and cash
equivalents, including investments in debt schemes of mutual funds, fixed
deposits with banks and tax free PSU bonds, etc. are at Rs. 559.2 crore as on
31st March, 2020 as against Rs. 498.5 crore on 31st March, 2019
Board Updates:
· The Board of
Directors of the Company at its meeting held on March 16,2020, has
approved the appointment of Mr. Parag Bhise as an Additional Director
(Executive Director) of the Company w.e.f. 16.03.2020 subject to the approval
of the Shareholders of the Company at the next Annual General Meeting
Business highlights:
· During the
year, 65 product module implementations successfully went live. In Q4, 24 product module implementations
were completed worldwide
· In Q4 FY20, we won 8 product orders, and added 4 new
customers
· Gained 16 new customers, including 3 in Q4 FY20, for our
revolutionary cloud lending solution - FinnOne Neo Cloud. Leading Non-Banking Finance Companies (NBFCs)
and Housing Finance Companies
(HFCs) across a wide range of industry sectors have selected the solution to
power their innovative businesses
Awards:
Our awards reinforce
Nucleus Software’s proven leadership in the lending technology segment for the
financial services industry
· FinnOne Neo
has been recognized as the “#1 Leader in the Lending Solutions Category in the
Indian Domestic Sales League Table 2019” and recognized as “#2 Leader in the
Lending Solutions Category in the Global Sales League Table 2019” by IBS
Intelligence
· FinnOne Neo
also won the “Best Lending Implementation” award for the project at Roha Housing
Finance at the IBS Intelligence FinTech Innovation Awards
2019”. Powered by our solution, RattanIndia Finance wins the Celent Model Bank
Award 2020 for Retail Lending powered by FinnOne Neo
· Our Annual
Report FY18-19 won Platinum Award for excellence within the Industry -
Technology-Software and achieved a ranking of # 21 amongst the top 100 Annual
Reports worldwide by League of American Communications Professionals LLC
(LACP)
· Received an
award in Mid Corporate Segment-for Excellence in IT & IT Enabled Services,
at SME Business Excellence Awards, 2019, organized by Dun & Bradstreet
Information Services India Pvt. Ltd (D&B)
The global strength of employees
at Nucleus Software as on 31st March, 2020
stands at 2,137 as compared to 2,054 as on 31st March, 2019
Participation in
Industry Forums:
Communicating
the business benefits that our solutions offer and the benefits of our decades
of focus is vitally important. We do this is a number of ways. For example, during the year our teams travelled worldwide to
demonstrate our expertise and product offerings at industry events, roundtables
and briefings. We showcased our capabilities in many countries including Australia , India ,
Indonesia , Nigeria , Singapore ,
the Philippines , the USA and the United Kingdom .
· We continued
our focused campaigns in Australia ,
speaking at events including the Australian Banking Innovation Summit 2019
and the Australian Mortgage Innovation Summit 2020. We also participated at
COBA 2019 – the Customer Owned Banking Convention
· We continued
to share our transaction banking expertise including our views on the
increasing importance of Hyper Agility, at Sibos 2019 in London . We participated at the Association of
Corporate Treasurer Cash Management 2020 conference in London
· In South East Asia , we demonstrated insights on how we help
leading organizations drive innovation at the 2019 Vietnam Retail Banking
Forum. We addressed the Mortgage Loans Innovation Conference in Singapore on
“Transforming Lending for Tomorrow – Going Beyond Digital”
· In Africa, we
hosted a round table for financial institutions on ‘The Road Ahead for
Corporate Lending’ in Lagos
· At the Middle
East Banking Innovation Summit (MEBIS) 2019, we presented our insights on
‘Getting Ready for Hyper Banking – The Time is Now ’
· In the United States of America , our experts
participated in the Digital Banking Summit in Texas and demonstrated how our transaction
banking product suite enables leading banks worldwide to swiftly address their
corporate customers' ever changing requirements
· In India , we
organized a number of exclusive roundtables for banks and NBFCs, including
roundtables focused on Co-origination in Lending and on leveraging cloud
to ‘Profit from digital in lending’. We demonstrated our advanced technologies
at the Technology Senate Bangla conference in Kolkata, and showcased how
FinnOne Neo is helping NBFCs drive innovation in lending at NBFC100 Tech
Summits in Mumbai and Chennai. Also in Chennai we were proud to be the
technology partner at the 8th Microfinance & NBFCs Exhibition and
Conference (MiNE 2019)
Face to face events are an
important way for us to share how we help banks and other financial
institutions but they are not the only way we communicate our capabilities. We
share our expertise via blogs, whitepapers and articles in leading publications
worldwide. In addition, we also regularly interact with industry analysts and
consultants.