Nucleus Software shares drop as much as 7.6% after June-quarter margins hit lowest since FY22 June
AI Market Summary
Nucleus Software reported a second straight quarter of revenue contraction and a sharp profitability deterioration, with EBITDA margin falling to a multi-year low as operating expenses rose and India business weakened. The stock's steep single-day decline signals negative sentiment toward the company's near-term execution and domestic demand. Broader cross-asset impact appears limited, but the print may weigh on local risk appetite in similar mid-cap IT/services names.
Impact level
● Low
Affected assets
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AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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Nucleus Software (ONUS) reported June-quarter revenue down 3.5% year on year to ₹210.4 crore, marking a second straight quarter of contraction. Net profit fell 32.2% to ₹23.9 crore. Margin pressure intensified as higher operating costs and weaker domestic business pushed profitability to its lowest level since the June quarter of FY22. Following the results, the stock fell as much as 7.6% in a single session.
