Lumax Auto Technologies Q2 FY26 Results: Revenue Rises 37% YoY to ₹1,156 Cr, PAT Jumps 56% to ₹77.6 Cr on Strong Automotive Demand
9 Nov 2025
Nucleus Software Exports Limited - Fintech and Banking Software Development Campus
📊 Stock Analysis
Complete financial analysis with key metrics and investment outlook
Nucleus Software Exports Q2 FY2026 Financial Performance
Nucleus Software Exports Limited (NSE: NUCLEUS) reported consolidated results for the quarter ended 30 September 2025 (Q2 FY26) with moderate revenue growth but weaker profitability due to higher operating costs.
The company — a specialist in banking and lending software (including FinnOne Neo) — saw stable demand across core markets but reported margin pressure caused by employee cost inflation and other operating expenses.
Stock Performance & Key Metrics
As of November 7, 2025:
- Current Price: ₹1,031
- Market Cap: ₹2,760 Crores
- High / Low (₹): 1,378 / 724
- Stock P/E: 17.1
- Industry P/E: 32.5
- Book Value: ₹304
- Dividend Yield: 1.21%
- ROCE: 22.6%
- ROE: 16.8%
- Face Value: ₹10
- EPS (Q2): ₹9.82 (EPS (TTM) / FY numbers may differ)
- Debt to Equity: 0.00
- Debt: ₹2 Cr
- PEG Ratio: 0.24
Q2 FY2026 Consolidated Financial Highlights
| Particulars | Sep 2025 (Q2) | Jun 2025 (Q1) | Sep 2024 (Q2) | QoQ / YoY trend |
|---|---|---|---|---|
| Sales (Revenue) | ₹214 Cr | ₹218 Cr | ₹202 Cr | ↑ 6% YoY, ↓ 2% QoQ |
| EBITDA | ₹23.4 Cr | ₹34.0 Cr | ₹31.7 Cr | ↓ 26% QoQ |
| Net Profit (PAT) | ₹26.3 Cr | ₹35.2 Cr | ₹33.1 Cr | ↓ 20% QoQ |
| EPS (₹) | 9.82 | 13.15 | 12.35 | ↓ 20% QoQ |
The quarter shows resilient top-line traction from product licences, implementations and maintenance, while margins were impacted by higher staff costs and certain one-off/operating items.
H1 FY2026 Snapshot
- Half-year revenue (H1 FY26): (sum of Q1+Q2) ≈ ₹432 Cr
- Half-year PAT (H1 FY26): ≈ ₹61.5 Cr
(Use consolidated H1 rows from the filing if you want precise H1 numbers.)
Management Commentary
Company commentary highlights ongoing demand for digital banking platforms, while noting higher investment in talent and product upgrades impacted near-term margins.
> “We continue to see strong client interest in digital lending and banking solutions. Short-term margin pressure reflects strategic investments in people and product,” said the Board in its filing.
Strategic Highlights
- Focus on scaling FinnOne Neo implementations and cloud deployments.
- Continued customer wins across India, Middle East, and SE Asia.
- Strong cash + investment position; near-zero net debt.
- Dividend policy maintained; buyback history noted in FY25 disclosures.
Business Overview
Nucleus Software (est. 1989) supplies mission-critical banking and financial software to banks and NBFCs globally, with offerings across retail & corporate lending, cash management, and digital channels.
Outlook
Near term: steady order book and product-led demand. Medium term: margin improvement expected as cost investments translate into higher SaaS/subscription revenue and operational efficiencies.
*For full results, see the company filing:* https://www.bseindia.com/xml-data/corpfiling/AttachLive/3fa1e5be-142b-4ad3-8f55-8b8c670a0e28.pdf
*Data: consolidated quarter ended Sep 30, 2025 (from company filing).*
