Nucleus Software Exports, a provider of integrated software products for banks and financial institutions on June 4 reported a fall of 2.81% in consolidated net profit to Rs 273.5 million in the quarter ended March 2021 as against Rs 281.4 million in the same period last year.

On a consolidated basis, the total income declined 11.51% to Rs. 1,314.2 million in March 2021, as against Rs. 1,485.2 million in March 2020.

On standalone basis, the PAT for Q4 of 2020-21 stood at Rs. 263.4 million, as against Rs.352.5 million in 2019-20. Total income stood at Rs.1,176.4 million as against Rs. 1,396.6 million in 2019-20.

Basic EPS stood at Rs. 9.07 on a standalone basis in Q4 of 2020-21 as against Rs. 12.14 in Q4 of 2019-20. On a consolidated basis, the EPS in 2020-21 Q4 was 9.42 as against 9.69 in Q4 of 2019-20.

For the year ended March 31, 2021, the revenues stood at Rs. 4,909.9 million as against Rs. 5,079.5 million in 2019-20 on a standalone basis. On a consolidated basis, the revenues came at Rs. 5,530.9 million for the year ended March 31, 2021, as against Rs. 5,580.6 million in 2019-20.

PAT in 2020-21 stood at Rs. 1,120.4 million on a standalone basis as against Rs.1,022.2 million in 2019-20. The PAT on consolidated basis was at 1,179.5 million, up from Rs. 889.9 million in 2019-20.

The basic EPS on standalone basis during this period was Rs. 38.58 as against Rs. 35.20 in 2019-20. The EPS on consolidated basis stood at Rs. 40.62 in 2020-21 as against Rs. 30.64 in 2020-21.

"It was a challenging year but we were still able to maintain our revenues. We are seeing a strong demand for our product offerings and believe that barring any unforeseen circumstances, we should do better this year," said Vishnu R Dusad, MD, Nucleus Software.

"2020-21 has been a difficult but fulfilling year for us at Nucleus. For the first time in the history of banking, moratoriums across the board were announced, first in India and then on a global level. Working round the clock, we delivered tech solutions to ensure that the BFSI sector worked seamlessly in these difficult times. During the pandemic, digital adoption gained pace and our cutting edge products both in the lending and transaction banking space ensured that the BFSI sector stayed on top of things," said Parag Bhise, CEO, Nucleus Software.

Shares of the company declined Rs 19.75, or 3.28%, to trade at  Rs 583.15.  The total volume of shares traded  was 13,780 at the BSE (12.30 p.m).