The announcement was made after market hours on Monday.
Nucleus Software is a software product company that provides lending and transaction banking products to the global financial services industry.
The company’s consolidated net profit dropped 43.6% to Rs 30.20 crore in Q1 FY25 as compared to Rs 53.56 crore posted in Q1 FY24. Revenue from operations declined 5% year on year to Rs 195.39 crore during the quarter.