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Up 106% this year! Multibagger smallcap stock announces 100% dividend
Nucleus Software Services has announced a final dividend of ₹10 per equity share for the financial year 2022-23, subject to shareholder approval at the annual general meeting. The company's Q4 profits rose by 76%, driven by a growth in revenue from operations of 22% to ₹206 crore, as well as an EBITDA growth of 73% to ₹82.48 crore. Revenue for the financial year ending in March 2023 increased by 27% to ₹634.46 crore, while profit more than tripled to ₹128 crore. The company plans to focus on developing solutions for the BFSI sector in the coming year.