Nucleus Software India leads profit as South East Asia loses

Nucleus Software Exports Limited reported Rs 62.64 crore of segment profit before tax from India in the quarter ended 30 September 2026, making it the largest regional contributor. Nucleus Software’s South East Asia segment recorded a Rs 4.42 crore loss, although its revenue increased sequentially to Rs 24.98 crore from Rs 22.81 crore.

How important was India to Nucleus Software’s quarterly results?

India was Nucleus Software’s largest revenue and profit geography in the quarter ended 30 September 2026, delivering Rs 130.47 crore of revenue and Rs 62.64 crore of segment profit before tax. India revenue rose from Rs 118.06 crore in the quarter ended 30 June 2026 and Rs 122.56 crore in the quarter ended 30 September 2025.

India’s segment profit increased from Rs 46.67 crore in the preceding quarter but declined from Rs 68.11 crore a year earlier. It represented most of the Rs 74.00 crore total segment profit before tax reported across geographies, before other income and unallocable corporate expenditure were included in the consolidated reconciliation.

Why was South East Asia still loss-making for Nucleus Software?

South East Asia remained loss-making for Nucleus Software, reporting a segment loss before tax of Rs 4.42 crore in the September 2026 quarter. The loss narrowed from Rs 6.62 crore in the June 2026 quarter and Rs 6.63 crore in the September 2025 quarter, but the filing gives no operational explanation or turnaround target.

Revenue in South East Asia rose quarter on quarter to Rs 24.98 crore from Rs 22.81 crore, but was marginally below Rs 25.00 crore a year earlier. For the six months ended 30 September 2026, revenue declined to Rs 47.79 crore from Rs 51.18 crore, while the segment loss narrowed to Rs 11.04 crore from Rs 12.56 crore.

South East Asia had Rs 27.30 crore of segment assets and Rs 57.48 crore of segment liabilities at 30 September 2026. Its liabilities decreased from Rs 61.87 crore at 30 June 2026 but were above Rs 48.92 crore at 30 September 2025; the segment disclosures do not identify what caused the loss.

Which overseas regions improved in the September quarter?

Europe recorded the largest year-on-year rise in segment profit among the disclosed profitable overseas regions, with profit before tax increasing to Rs 6.92 crore from Rs 3.72 crore. European revenue rose to Rs 13.01 crore from Rs 9.84 crore, and six-month segment profit increased to Rs 12.87 crore from Rs 8.46 crore.

The Middle East generated Rs 28.23 crore of quarterly revenue, compared with Rs 25.48 crore in June 2026 and Rs 26.49 crore a year earlier. Its segment profit was Rs 2.84 crore, below Rs 4.17 crore in June and Rs 3.34 crore a year earlier, although its six-month profit rose to Rs 7.01 crore from Rs 2.42 crore.

Far East profit was Rs 1.51 crore on Rs 8.59 crore of revenue, compared with Rs 1.06 crore of profit on Rs 7.77 crore of revenue a year earlier. Australia earned Rs 0.45 crore, while Africa reported a Rs 0.10 crore segment loss after a Rs 0.22 crore loss in the preceding quarter.

How did regional results translate into Nucleus Software’s group profit?

Nucleus Software reported consolidated revenue from software products and services of Rs 227.70 crore for the September 2026 quarter, up from Rs 210.43 crore in June and Rs 213.51 crore a year earlier. Total segment profit before tax rose sequentially to Rs 74.00 crore from Rs 58.92 crore, but was below Rs 76.11 crore in the prior-year quarter.

Other income was Rs 16.02 crore and unallocable corporate expenditure was Rs 63.82 crore, resulting in consolidated profit before tax of Rs 26.20 crore. That was lower than Rs 30.10 crore in the June quarter and Rs 35.41 crore a year earlier; profit for the period was Rs 21.25 crore after net tax expense of Rs 4.95 crore.

For the six months ended 30 September 2026, consolidated revenue rose to Rs 438.13 crore from Rs 431.23 crore in the corresponding period a year earlier. Profit before tax fell to Rs 56.30 crore from Rs 83.71 crore, while India’s segment profit fell to Rs 109.31 crore from Rs 142.41 crore.

What do Nucleus Software’s regional asset balances show?

India held Rs 181.27 crore of segment assets at 30 September 2026, up from Rs 135.97 crore at 30 June 2026 and Rs 89.02 crore a year earlier. India segment liabilities were Rs 203.45 crore, compared with Rs 174.66 crore in June and Rs 187.65 crore in September 2025.

Nucleus Software separately reported Rs 1,074.53 crore of unallocated corporate assets and Rs 73.32 crore of unallocated corporate liabilities at 30 September 2026. Total consolidated assets were Rs 1,344.55 crore, up from Rs 1,266.13 crore at 31 March 2026, while total consolidated liabilities rose to Rs 422.02 crore from Rs 358.68 crore.

Conclusion

Nucleus Software’s geographic disclosures show that India remained the central source of regional profitability in the September 2026 quarter, producing Rs 62.64 crore of the Rs 74.00 crore combined segment profit before tax. Europe and Far East improved year on year, while South East Asia continued to report a loss despite a sequential increase in revenue.

The next reported period will show whether South East Asia can extend the reduction in its segment loss from Rs 6.62 crore in June 2026 to Rs 4.42 crore in September 2026. The filing sets no regional target or scheduled operational milestone, while India’s first-half segment profit of Rs 109.31 crore remained below Rs 142.41 crore a year earlier.