Newgen Software Technologies fell by 2.64 per cent to Rs 373.20 after the company’s consolidated net profit declined 66.6 per cent to Rs 19.17 crore.

Every year, the company’s consolidated net profit declined 11.25 per cent. Meanwhile, revenue from operations increased by 17.77 per cent.

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In June first quarter, Profit before tax stood at Rs 22.95 crore. Total expenses rose 2.7 per cent every quarter and increased 23.73 per cent yearly to Rs 175.08 crore in Q1 FY23.

Newgen Software Technologies is a global software company and is engaged in the business of software product development, including designing and delivering software solutions. To provide a complete range of software which helps to automate business processes.