NUCLEUS - Nucleus Soft.
📢 Recent Corporate Announcements
Nucleus Software Exports Limited has successfully incorporated a new wholly-owned subsidiary in Vietnam named 'NUCLEUS SOFTWARE VIETNAM COMPANY LIMITED'. The new entity has been established with a charter capital of VND 2,616,800,000 to serve as a strategic hub for business development and sales. Beyond sales, the subsidiary will provide software development services specifically tailored for local customers in the Vietnamese market. This move marks a significant step in the company's geographical expansion strategy within Southeast Asia.
- Incorporation of 100% wholly-owned subsidiary 'NUCLEUS SOFTWARE VIETNAM COMPANY LIMITED' on February 5, 2026
- Initial Charter Capital established at VND 2,616,800,000
- The subsidiary will function as a dedicated Business Development and Sales hub for the region
- Entity to provide localized software development services to Vietnamese clients
- Regulatory approval obtained from the Department of Finance in Vietnam
Nucleus Software Exports Limited has scheduled a meeting with institutional investors and analysts for February 18, 2026. The company will be participating in the Dolat Capital Corporate Conference 2026, which is a physical event held in Mumbai. This disclosure is a routine compliance requirement under Regulation 30 of SEBI (LODR) Regulations, 2015. Such conferences are typical platforms for management to discuss business outlook and strategy with the investment community.
- Participation in Dolat Capital Corporate Conference 2026 scheduled for February 18, 2026
- The meeting will be conducted in physical mode in Mumbai
- Disclosure made in accordance with Regulation 30 of SEBI (LODR) Regulations, 2015
- Event date is subject to change based on exigencies from either the company or investors
Nucleus Software reported a consolidated revenue of ₹220.03 crores for the quarter ended December 31, 2025, showing steady growth from ₹205.70 crores YoY. However, Net Profit declined significantly to ₹20.70 crores from ₹34.97 crores in the previous year, with EPS dropping to ₹7.86. The company added two new logos during the quarter and maintains a strong cash position of ₹971.60 crores. Management indicated a 3-4 year timeline for migrating its legacy customer base to the newer FinnOne Neo platform.
- Consolidated revenue grew to ₹220.03 crores compared to ₹205.70 crores in the same quarter last year.
- Net Profit fell to ₹20.70 crores from ₹34.97 crores YoY, impacted by rising delivery costs and labor code changes.
- The total order book stands at ₹656.68 crores, with the product business accounting for ₹588.74 crores.
- Cash and cash equivalents remained strong at ₹971.60 crores as of December 31, 2025.
- Two new logos were added in Q3, bringing the total for the year to seven, all on the FinnOne Neo platform.
Nucleus Software Exports Limited has officially released the audio recording of its earnings conference call for the quarter and nine months ended December 31, 2025. The call, which took place on February 11, 2026, provides management's perspective on the company's financial performance and operational updates. This disclosure is part of the company's regulatory compliance under SEBI listing obligations. Investors can access the full audio via the company's dedicated investor relations web portal.
- Audio transcript for Q3 FY26 earnings call is now available for public review.
- The call was held on February 11, 2026, following the release of financial results for the period ending December 31, 2025.
- The recording covers financial performance for both the third quarter and the cumulative nine-month period of FY26.
- The disclosure ensures transparency and provides equal access to information for all shareholders.
Nucleus Software reported a consolidated revenue of ₹220.03 Crores for Q3 FY26, a 7% increase from ₹205.70 Crores in the same quarter last year. However, the company's Profit After Tax (PAT) saw a significant decline of 40.8%, falling to ₹20.70 Crores from ₹34.97 Crores YoY. Earnings Per Share (EPS) consequently dropped to ₹7.86 from ₹13.28. While the top line showed modest growth driven by its FinnOne Neo platform, the bottom line was impacted by higher costs or margin pressures.
- Consolidated Revenue increased 7% YoY to ₹220.03 Crores.
- Consolidated PAT dropped significantly by 40.8% to ₹20.70 Crores.
- Consolidated EPS decreased to ₹7.86 from ₹13.28 in the previous year's quarter.
- EBITDA (before exceptional items) stood at ₹32.72 Crores for the quarter.
- Standalone PAT also declined to ₹17.42 Crores compared to ₹30.87 Crores in Q3 FY25.
Nucleus Software Exports Limited has appointed Dr. Nitin R Gokarn as an Additional Independent Director effective February 10, 2026. Dr. Gokarn is a former IAS and IPS officer with over 37 years of experience in public administration, governance, and regulatory frameworks. The appointment is for a five-year term, subject to shareholder approval via a special resolution within the next three months. His background in e-governance and public policy is expected to strengthen the company's board-level oversight.
- Appointment of Dr. Nitin R Gokarn as Additional Independent Director effective February 10, 2026.
- The tenure is set for a period of 5 years, pending shareholder approval within 90 days.
- Dr. Gokarn brings 37+ years of experience in public policy, taxation, and infrastructure development.
- He holds high-level qualifications including a PhD, CFA from ICFAI, and a PGP from IIM Bangalore.
Nucleus Software Exports Limited has approved its financial results for the quarter and nine months ended December 31, 2025. The consolidated performance includes contributions from eight global subsidiaries, with one major subsidiary reporting a quarterly revenue of ₹2,709 Lakh and a net profit of ₹245 Lakh. Six other smaller subsidiaries added a combined quarterly revenue of ₹1,022 Lakh. The board meeting concluded on February 10, 2026, confirming the group's regulatory compliance and financial standing.
- Approved audited standalone and unaudited consolidated financial results for Q3 FY26.
- One major subsidiary reported 9-month revenue of ₹7,729 Lakh and net profit of ₹418 Lakh.
- Six smaller subsidiaries contributed a combined 9-month revenue of ₹2,647 Lakh and net profit of ₹207 Lakh.
- Total assets for the major reviewed subsidiary stood at ₹3,148 Lakh as of December 31, 2025.
- The group maintains a global footprint with subsidiaries in Japan, Netherlands, South Africa, and Australia.
Nucleus Software has appointed Dr. Apurva Chamaria as Chief Business Officer to lead its global business expansion and revenue strategy. Dr. Chamaria brings over 20 years of experience in fintech and enterprise technology to a company that already serves over 200 banks across 50 countries. The firm currently manages $1.2 trillion in loans and $15 trillion in annual transaction value through its flagship products like FinnOne Neo and FinnAxia. This leadership addition is aimed at accelerating the company's momentum in cloud-native and AI-driven lending solutions.
- Dr. Apurva Chamaria joins as CBO with over 20 years of experience in fintech and enterprise technology.
- Nucleus Software's platforms currently manage over $15 trillion in annual transaction value and $1.2 trillion in loans.
- The company serves a global client base of 200+ financial institutions across 50 countries.
- The appointment focuses on scaling global operations and advancing AI-first business strategies for the BFSI sector.
Nucleus Software has appointed Dr. Apurva Chamaria as its Chief Business Officer effective February 2, 2026. Dr. Chamaria brings over 23 years of leadership experience from global giants including Google, HCL Technologies, and Tech Mahindra. His track record includes a successful stint as Chief Revenue Officer at RateGain, where he achieved multi-fold revenue growth. This high-profile appointment signals a strategic push by Nucleus to scale its global business operations and strengthen its leadership team.
- Dr. Apurva Chamaria appointed as Chief Business Officer effective February 2, 2026
- Brings 23+ years of experience from industry leaders like Google, HCL Tech, and Tech Mahindra
- Previously served as Global Head of Startups, VC & Private Equity Partnerships at Google
- Former Chief Revenue Officer at RateGain with a proven track record of scaling revenues significantly
- Alumnus of prestigious institutions including IIT Delhi, IIMC, and Harvard Business School
Nucleus Software Exports Limited has scheduled its board meeting on February 10, 2026, to approve the financial results for the quarter and nine months ended December 31, 2025. Following the results, the company will host an earnings conference call on February 11, 2026, at 3:00 PM IST. The management team, including the MD and CEO, will provide commentary on financial performance and future outlook. The company's platforms currently manage approximately $1.2 trillion in loans globally across 50 countries.
- Board meeting for Q3 FY26 financial results approval scheduled for February 10, 2026.
- Investor conference call to be held on February 11, 2026, at 3:00 PM IST.
- Management participation includes the MD, CEO, COO, and CFO to address investor queries.
- Company platforms manage $500 billion in loans in India and $700 billion globally.
- Facilitates over 26 million transactions daily through integrated transaction banking platforms.
Nucleus Software Exports Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, provided by KFin Technologies Limited, confirms that all dematerialization requests for the quarter ended December 31, 2025, were processed within the mandatory 15-day window. This is a standard administrative filing required by all listed companies to ensure the integrity of electronic shareholding records. There are no material financial implications or changes to business operations arising from this announcement.
- Compliance certificate issued by Registrar and Share Transfer Agent, KFin Technologies Limited.
- Covers the third quarter of the financial year 2025-26, ending December 31, 2025.
- Confirms that dematerialization requests were approved or rejected within 15 days of receipt.
- Verification that security certificates were mutilated and cancelled after processing.
- Confirms the substitution of depository names in the register of members for approved requests.
Nucleus Software celebrated 25 years of operations in Japan, highlighting its long-standing relationships with major institutions like SMFG and SBI Shinsei Bank. The company manages over $1.2 trillion in loans and $15 trillion in annual transactions globally through its flagship platforms, FinnOne Neo and FinnAxia. The event reinforced its commitment to providing AI-ready, secure digital ecosystems for the Japanese market. This milestone underscores the company's stable international footprint and its ability to compete in high-standard markets.
- Celebrated 25 years of partnership in Japan with major clients including SMFG, Mizuho, and Toyota Financial Services.
- Globally, Nucleus manages over $15 trillion in annual transactions and $1.2 trillion in loans across 50 countries.
- Historical implementation at Shinsei Bank achieved 1/10th the estimated investment cost and 4-5x faster deployment.
- Reaffirmed focus on AI-enabled and ecosystem-driven financial platforms for the Japanese and global markets.
Nucleus Software Exports Limited has officially notified the stock exchanges regarding the closure of its trading window starting January 1, 2026. This action is taken in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, to prevent insider trading ahead of the upcoming financial results. The restriction applies to all promoters, directors, and designated persons of the company. The window will remain closed until 48 hours after the financial results are publicly announced.
- Trading window closure scheduled to begin on January 1, 2026
- Closure applies to Promoters, Directors, and Designated Persons of the company
- Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015
- Window to reopen 48 hours after the official announcement of financial results
Nucleus Software Exports Limited has announced the reconstitution of its Risk Management Committee effective December 18, 2025. This change follows the completion of Mr. Anurag Mantri's term as Executive Director on the same date. The newly formed committee consists of seven members, including four Non-Executive & Independent Directors and three Executive Directors. Mr. S M Acharya continues to serve as the Chairperson of the committee, ensuring continuity in governance.
- Mr. Anurag Mantri (DIN: 09002894) ceased to be Executive Director on December 18, 2025.
- Risk Management Committee reconstituted with 7 members effective December 18, 2025.
- Committee composition includes 4 Independent Directors and 3 Executive Directors.
- Mr. S M Acharya remains the Chairperson of the reconstituted Risk Management Committee.
Nucleus Software Exports Limited has announced that Mr. Anurag Mantri has completed his scheduled term as Executive Director. His tenure officially concluded at the end of business hours on December 18, 2025. This cessation is a planned administrative event rather than a resignation or removal. The company has complied with SEBI Regulation 30 regarding this management change, and no immediate successor was named in the filing.
- Mr. Anurag Mantri (DIN: 09002894) ceased to be Executive Director on December 18, 2025.
- The change is due to the completion of his existing term of appointment.
- The filing was made in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- The cessation was effective from the end of business hours on the specified date.
Financial Performance
Revenue Growth by Segment
Total consolidated revenue for Q2 FY26 was INR 213.51 Cr, representing a 5.59% YoY growth from INR 202.20 Cr, but a 1.93% QoQ decline from INR 217.72 Cr. The Product business segment contributed INR 181.02 Cr (84.8% of total), growing 5.61% YoY. The Projects and Services segment contributed INR 32.50 Cr (15.2% of total), growing 5.49% YoY.
Geographic Revenue Split
Not specifically disclosed by region, but the company operates in 50+ countries. Total revenue in foreign currency (including India Rupee revenue) was US$ 24.47 million for Q2 FY26, compared to US$ 24.12 million YoY, a marginal increase of 1.45%.
Profitability Margins
Net Profit for Q2 FY26 stood at INR 26.29 Cr, a decline of 20.48% YoY from INR 33.06 Cr and a 25.31% decline QoQ from INR 35.20 Cr. Net Profit margin compressed to 12.3% from 16.4% YoY. This was driven by a rise in delivery costs which reached 73.9% of revenue compared to 71.4% YoY.
EBITDA Margin
EBITDA for Q2 FY26 was INR 23.09 Cr, a significant decline of 26.74% YoY from INR 31.52 Cr. The EBITDA margin dropped to 10.8% in Q2 FY26 from 15.6% YoY. The compression is attributed to increased investments in product development and a 72.39% YoY surge in marketing and sales expenses.
Capital Expenditure
Not specifically disclosed in INR Cr for the current period; however, the company is investing heavily in product enhancements and the rollout of latest releases to drive future implementations and upgrades.
Credit Rating & Borrowing
Not disclosed in available documents. The company maintains a strong cash position with other income from investments and deposits contributing INR 13.50 Cr in Q2 FY26.
Operational Drivers
Raw Materials
As a software company, the primary 'raw material' is human capital. Cost of delivery, including product development, represents the largest expense at 73.9% of total revenue (INR 157.70 Cr).
Import Sources
Not applicable for software services; however, the company is aggressively onboarding global sales representatives to expand its international footprint.
Key Suppliers
Not applicable. The company relies on its internal workforce of 'Nucleites' for product engineering and innovation.
Capacity Expansion
The company does not have physical MT/MW capacity. Instead, it expanded its sales capacity by appointing 6 regional sales heads and is actively recruiting global sales representatives to scale the top line.
Raw Material Costs
Delivery and product development costs were INR 157.70 Cr in Q2 FY26, up 9.2% YoY from INR 144.42 Cr. This increase is due to heavy investment in the latest product releases and efforts to improve product configurability.
Manufacturing Efficiency
Not applicable. Efficiency is measured by product implementation speed. The recent go-live at Tamilnad Mercantile Bank (TMB) with FinnOne Neo® aims for significantly faster loan processing and rule-based automation.
Logistics & Distribution
Marketing and sales expenses, which cover global distribution and sales efforts, were INR 15.67 Cr in Q2 FY26, representing 7.3% of revenue, up from 4.5% YoY.
Strategic Growth
Growth Strategy
Growth will be achieved through a revamped sales structure with 6 regional heads and global sales reps to capture the 'booming' consumer lending market. The strategy focuses on transitioning existing customers to latest releases (FinnOne Neo) and increasing annuity revenue through upgrades and new lines of business.
Products & Services
FinnOne Neo (digital lending), FinnAxia (transaction banking), LeaseWare, and Nucleus Software Digital Services (transformation and infrastructure maintenance).
Brand Portfolio
FinnOne Neo, FinnAxia, FinnOne, LeaseWare.
New Products/Services
Latest releases of FinnOne Neo and FinnAxia are being rolled out. These are designed to be more configurable to reduce implementation timelines and improve client agility.
Market Expansion
Targeting global markets with a focus on 50+ countries. The company is specifically gaining traction in tough-to-enter global markets by investing in marketing events and senior executive recruitment.
Market Share & Ranking
Not disclosed, but the company powers 200+ banks across 50 countries, positioning it as a global leader in lending and transaction banking technology.
Strategic Alliances
Recent successful go-live with Tamilnad Mercantile Bank (TMB) to power their digital lending era. The company also maintains partnerships with 200+ financial institutions globally.
External Factors
Industry Trends
The industry is shifting toward 'digital agility' and 'intelligent credit experiences.' There is a strong trend of financial inclusion and retail finance growth, particularly in India, which the company is positioning for with its FinnOne Neo platform.
Competitive Landscape
Competitors include global firms like Silver Lake, Access, and Temenos (referenced as Theranos in transcript). These competitors typically have 60-70% of revenue from maintenance, while Nucleus sees 80-90% from existing clients.
Competitive Moat
The company has a strong moat based on high switching costs; 80-90% of revenue is annuity-based from existing customers. This long-term partnership model is sustained by continuous product upgrades and a 'Great Place to Work' certified workforce.
Macro Economic Sensitivity
Highly sensitive to the consumer lending market and regulatory environment. Growth in retail finance and the emergence of new NBFCs directly drive demand for the company's lending platforms.
Consumer Behavior
Shift toward mobile and internet banking is driving banks to modernize legacy systems, benefiting Nucleus's digital-first product suite.
Geopolitical Risks
Operating in 50+ countries exposes the company to diverse regulatory shifts and trade environments, though specific barrier impacts were not detailed.
Regulatory & Governance
Industry Regulations
The company must comply with global financial technology standards and local banking regulations in 50 countries. It also adheres to SEBI (Prohibition of Insider Trading) Regulations, 2015.
Taxation Policy Impact
Total taxes for Q2 FY26 were INR 9.12 Cr, representing an effective tax rate of approximately 25.7% on profit before tax.
Legal Contingencies
The company terminated a Project Manager (Nitin Kumar Garg) for insider trading violations following an Audit Committee investigation. His gratuity was forfeited as part of the disciplinary action approved on Nov 8, 2025.
Risk Analysis
Key Uncertainties
The primary uncertainty is the conversion of the potential sales pipeline into actual revenue, which management noted has been 'weaker' despite good traction. This could impact top-line growth by 5-10% if delays persist.
Geographic Concentration Risk
While global, the company has a significant presence in India. The top 5 clients represent 27.1% of revenue, indicating moderate concentration risk.
Third Party Dependencies
Low dependency on physical suppliers, but high dependency on specialized engineering talent for product innovation.
Technology Obsolescence Risk
Risk of products becoming outdated is mitigated by heavy investment in 'FinnOne Neo' and 'FinnAxia' and a focus on AI, cloud, and digital transformation.
Credit & Counterparty Risk
The order book of INR 671.10 Cr is with 200+ established banks and financial institutions, suggesting high-quality receivables and low counterparty risk.