Newgen Software shares jump after securing $2.5 million international order

Shares of Newgen Software Technologies surged by as much as 9.07% to ₹1,335.70 on the BSE in early trade Wednesday, following the announcement of $2.5 million international order for enterprise workflow and content management system.

The order includes the supply and implementation of Newgen’s software solutions, aimed at driving digital transformation across multiple business lines for an unnamed global client, the company said in a stock exchange filing.

However, the stock trimmed gains later in the session due to profit booking and was trading 2.65% higher at ₹1,248 as of 12:10 PM.

The deal comes on the heels of a stable Q4 performance by the Delhi-based IT firm. For the January–March quarter, Newgen posted a net profit of ₹108 crore, up 3% year-on-year, while revenue rose 15% to ₹430 crore.

Operating profit (EBITDA) grew 12% to ₹137 crore, though margins dipped slightly by 90 basis points to 31.8%.

For the full fiscal year 2024–25 (FY25), Newgen reported 25% jump in net profit to ₹315crore, while annual revenue climbed 19.5% to ₹1,486.8 crore, fuelled by robust license and implementation revenue streams.

Despite the recent upswing, Newgen shares are still down 28% year-to-date, underperforming broader market indices.

As of 12:21 pm, Newgen Software shares traded 2% higher at ₹1,250.