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Newgen Software jumps on reporting 5% rise in Q4 consolidated net profit

Newgen Software Technologies is currently trading at Rs. 331.00, up by 2.75 points or 0.84% from its previous closing of Rs. 328.25 on the BSE.

The scrip opened at Rs. 328.20 and has touched a high and low of Rs. 334.00 and Rs. 326.20 respectively. So far 2292 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 371.00 on 16-Apr-2019 and a 52 week low of Rs. 205.25 on 08-Oct-2018.

Last one week high and low of the scrip stood at Rs. 363.00 and Rs. 321.60 respectively. The current market cap of the company is Rs. 2311.98 crore.

The promoters holding in the company stood at 66.00%, while Institutions and Non-Institutions held 18.94% and 15.05% respectively.

Newgen Software Technologies has reported a rise of 5.75% in its net profit at Rs 60.34 crore for the quarter ended March 31, 2019 as compared to Rs 57.06 crore for the same quarter in the previous year. Total income of the company increased by 10.94% at Rs 190.41 crore for quarter under review as compared to Rs 171.64 crore for the quarter ended March 31, 2018.

On consolidated basis, the company has reported rise of 5.13% in its net profit at Rs 62.51 crore for the quarter ended March 31, 2019 as compared to Rs 59.46 crore for the corresponding quarter in the FY18. Total consolidated income of the company rose 10.72% at Rs 206.49 crore for quarter under review as compared to Rs 186.50 crore for the same quarter ended previous year.

For the year ended March 31, 2019, the company has posted a rise of 35.68% in its net profit at Rs 95.83 crore as compared to Rs 70.63 crore for the previous year. Total income of company increased 22.51% at Rs 572.27 crore for year under review as compared to Rs 467.11 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has posted rise of 40.22% in its net profit at Rs 102.21 crore as compared to Rs 72.89 crore for the previous year. Total income of company increased by 23.26% at Rs 641.02 crore for year under review as compared to Rs 520.04 crore for year ended March 31, 2018.

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