Newgen Software Technologies Limited Announces Q1 Financial Results and Management Appointments
Newgen Software Technologies Limited has announced its financial results for the first quarter ended June 30, 2026. During a board meeting held on July 16, 2026, the company approved the unaudited standalone and consolidated financial results for the period.The announcement also includes significant updates regarding the authorization of Key Managerial Personnel (KMP) responsible for determining the materiality of events and making necessary disclosures.
Financial Performance Overview
For the quarter ended June 30, 2026, Newgen Software reported a net profit of 10,629.83 lakhs on a consolidated basis. On a standalone basis, the company recorded a net profit of 5,977.46 lakhs for the same period.The following table summarizes the consolidated financial highlights for the quarter ended June 30, 2026:
| Particulars | Quarter Ended June 30, 2026 (Unaudited) |
|---|---|
| Revenue from Operations | 45,266.83 |
| Total Income | 45,701.70 |
| Net Profit (Consolidated) | 10,629.83 |
Standalone financial results for the same period are as follows:
| Particulars | Quarter Ended June 30, 2026 (Unaudited) |
|---|---|
| Revenue from Operations | 30,435.71 |
| Total Income | 34,412.36 |
| Net Profit (Standalone) | 5,977.46 |
Management Appointments
Effective from August 1, 2026, the following Key Managerial Personnel are authorized to determine the materiality of events and information for the company:- Mr. Tarun Nandwani, Chief Executive Officer
- Mr. Arun Kumar Gupta, Chief Financial Officer
- Mr. Aman Mourya, Company Secretary & Compliance Officer
Operational Updates and Exceptional Items
The company highlighted several significant operational matters during the period ending March 31, 2026, which impacted the financial statements:Impact of Labour Codes
Due to changes in government regulations regarding labour laws, specifically the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020, the company assessed the financial impact. This included a gratuity amount of INR 2,626.41 lakhs and long-term compensated absences of INR 379.35 lakhs.
Legal Proceedings
Newgen Software Technologies Limited addressed a legal dispute with a bank in Qatar regarding software licenses and implementation services. Following a final judgment from the lower court, the company recognized:
- INR 1.285.75 lakhs (USD 137 million) towards the refund of fees paid.
- INR 51 14 lakhs (QAR 200,000) towards the reimbursement of legal costs.
The company also noted that during the year ended March 31, 2026, unallocated expenditure included the impact of labour codes amounting to INR 3,005.76 lakhs and a provision for legal claims amounting to INR 1,336.89 lakhs.
NEWGEN Stock Price Movement
Newgen Software Technologies Limited shares rallied 2.84% to ₹573.55 as of 1:19 PM today in live trading. The stock is seeing active interest with a trading volume of 5.70 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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