Newgen sees net at ₹52.7cr
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New Delhi Newgen Software Technologies on Tuesday said it has clocked a 27.2 per cent rise in consolidated net profit at Rs 52.7 crore for the March 2021 quarter. The company had registered a net profit of Rs 41.5 crore in the year-ago period, Newgen said in a regulatory filing. Its revenue grew 4.8 per cent to Rs 200 crore in the quarter under review from Rs 190.8 crore in the year-ago period, it added. For the full year, the company's net profit grew 73.9 per cent to Rs 126.5 crore in the financial year 2020-21, while revenue was up 1.8 per cent to Rs 672.6 crore over the previous fiscal.
The company won 17 new logos in the fourth quarter, and 67 new logos in the financial year 2020-21. "In FY'21, we continued to witness business momentum with expanded customer engagements and the addition of 67 new logos under our umbrella. ," company CMD Diwakar Nigam said.
