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VL E-Governance & IT Solutions Ltd gained 4.94% today to trade at Rs 14.22. The BSE Information Technology index is up 1.24% to quote at 27011.44. The index is down 11.06 % over last one month. Among the other constituents of the index, NINtec Systems Ltd increased 3.4% and Newgen Software Technologies Ltd added 3.24% on the day. The BSE Information Technology index went down 28.28 % over last one year compared to the 8.56% fall in benchmark SENSEX.
VL E-Governance & IT Solutions Ltd has lost 6.75% over last one month compared to 11.06% fall in BSE Information Technology index and 3.38% drop in the SENSEX. On the BSE, 195 shares were traded in the counter so far compared with average daily volumes of 53962 shares in the past one month. The stock hit a record high of Rs 64.98 on 04 Jun 2025. The stock hit a 52-week low of Rs 8.54 on 30 Mar 2026.
Under the agreement, the company will provide Newgen’s Enterprise Content Management platform across the customer’s organization, including cloud-based software licenses, implementation, and migration services.
The contract is scheduled to be executed over a period of 3.5 years. The name of the customer has not been disclosed due to confidentiality reasons. The company added that the promoter/promoter group has no interest in the entity awarding the contract.
Newgen Software Technologies is a global software company and is engaged in the business of software product development, including designing and delivering end-to-end software solutions covering the entire spectrum of software services from workflow automation to document management to imaging. The company’s consolidated net profit declined 1.88% while revenue from operations increased 5.3% in Q4 FY26.
Shares of Newgen Software Technologies rose 0.88% to close at Rs 493.70 on the BSE.
For the full year,net profit declined 4.65% to Rs 300.58 crore in the year ended March 2026 as against Rs 315.24 crore during the previous year ended March 2025. Sales rose 5.89% to Rs 1574.40 crore in the year ended March 2026 as against Rs 1486.88 crore during the previous year ended March 2025.
Profit before exceptional items and tax stood at Rs 146.12 crore in Q4 FY26 as against Rs 141.27 in Q4 FY25. The company reported an exceptional loss of Rs 5.04 crore during the quarter, primarily on account of labour code-related impact.
Annuity revenue streams, comprising ATS/AMC, support services, and cloud/SaaS and subscription licenses, stood at Rs 262 crore. Subscription revenue amounted to Rs 143 crore, recording a 25% year-on-year growth in Q4, while the SaaS component grew 44% year-on-year during the quarter.
For Newgen Software, revenue from the India business declined to Rs 124.3 crore in Q4 FY26 from Rs 133.6 crore in the year-ago period. Revenue from the Europe, Middle East, and Africa (EMEA) segment remained flat at Rs 137.5 crore.
Revenue from the Asia Pacific region increased to Rs 84.6 crore from Rs 69.2 crore, while the US business reported revenue of Rs 106.1 crore, up from Rs 88.5 crore in the corresponding quarter last year.
Diwakar Nigam, chairman & managing director of Newgen Software Technologies, said, “We recorded a revenue growth of 6% YoY in FY '26, despite the uncertain market environment. The quality of our revenue mix continued to improve materially, driven by expansion in subscription-based revenues. Subscription revenues witnessed 24% YoY growth during the year on account of growth in SaaS and ATS revenue streams. The number of customers with billing over Rs 5 crores grew from 87 in FY'25 to 101 in FY'26, reflecting strong wallet-share expansion.”
Virender Jeet, CEO, Newgen Software, said, “By embedding agentic AI directly into our low-code fabric, NewgenONE enables organizations to move beyond process execution toward autonomous, policy-safe decisioning. We are consistently working on adding AI use cases in banking and insurance accelerators and focusing on selling journey-led deals. We are happy to share that we have been recognized as a Great Place to Work for the second time in a row. It reflects the strength, consistency, and shared values of the culture we have built together.”
Meanwhile, the company’s board has recommended a final dividend of Rs 6 per share (60% on the face value of Rs 10 each) for FY26, subject to shareholder approval at the upcoming AGM, and has fixed 17 July 2026 as the record date for the dividend.
Newgen Software Technologies is a global software company and is engaged in the business of software product development, including designing and delivering end-to-end software solutions covering the entire spectrum of software services from workflow automation to document management to imaging.
The company clarified that none of its promoters or promoter group entities have any interest in the awarding authority. It also stated that the contract does not qualify as a related-party transaction under applicable regulatory norms.
The company’s consolidated net profit declined 23.16% to Rs 62.81 crore on 0.13% fall in revenue from operations to Rs 400.27 crore in Q3 FY26 over Q2 FY26. On a year on year (YoY) basis, the company’s consolidated net profit declined 29.43% while revenue from operations jumped 5.03% in Q3 FY26.
The counter dropped 4.13% to Rs 488.10 on the BSE.
Firstsource Solutions Ltd, Latent View Analytics Ltd, OneSource Specialty Pharma Ltd and Le Travenues Technology Ltd are among the other losers in the BSE's 'A' group today, 20 February 2026.
Newgen Software Technologies Ltd crashed 8.72% to Rs 567.5 at 14:45 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 21.68 lakh shares were traded on the counter so far as against the average daily volumes of 8.17 lakh shares in the past one month.
Firstsource Solutions Ltd lost 5.62% to Rs 242.85. The stock was the second biggest loser in 'A' group.On the BSE, 2.15 lakh shares were traded on the counter so far as against the average daily volumes of 1.01 lakh shares in the past one month.
Latent View Analytics Ltd tumbled 4.55% to Rs 368. The stock was the third biggest loser in 'A' group.On the BSE, 25748 shares were traded on the counter so far as against the average daily volumes of 79038 shares in the past one month.
OneSource Specialty Pharma Ltd slipped 4.47% to Rs 1272.55. The stock was the fourth biggest loser in 'A' group.On the BSE, 15503 shares were traded on the counter so far as against the average daily volumes of 48020 shares in the past one month.
Le Travenues Technology Ltd pared 4.41% to Rs 188.5. The stock was the fifth biggest loser in 'A' group.On the BSE, 38480 shares were traded on the counter so far as against the average daily volumes of 1.9 lakh shares in the past one month.