Newgen Software shares fall over 11% in two days after weak Q1 results
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Shares of Newgen Software have dropped more than 11% over the past two sessions following the company’s disappointing Q1FY26 earnings. On Friday, the stock fell nearly 6% to Rs 968 on BSE. Newgen Software Q1 performance Newgen Software reported a consolidated net profit of Rs 49.72 crore for the April–June quarter, marking a modest 4.5% year-on-year increase from Rs 47.57 crore. However, on a sequential basis, profit fell sharply by 54% from Rs 108 crore in Q4FY25. Revenue from operations grew just 2% YoY to Rs 321 crore but dropped over 25% compared to Rs 430 crore in the previous quarter. Also Read: Emami, Tube Investment among 10 mid-cap stocks analysts expect to gain up to 40% The company's operating performance also weakened. EBITDA declined 6% YoY to Rs 45 crore, while EBITDA margin narrowed to 14% from 15% a year ago. The decline was primarily attributed to higher employee benefit expenses and increased finance costs. Live Even...