On a year on year (YoY) basis, the IT firm's net profit zoomed 269.87% while revenue jumped 34.74% in Q4 FY23.

Profit before tax in Q4 FY22 stood at Rs 88.60 crore, steeply higher than Rs 26.01 crore posted in same quarter last year.

The software company reported consolidated net profit of Rs 127.79 crore in FY23 as against Rs 40.91 crore recorded in FY22. Revenue from operations increased 27.61% to Rs 448.06 crore the financial year ended 31 March 2023.

Further, the board of directors declared a final dividend of Rs 10 per equity share for FY 2022-23, subject to the approval of the shareholders.

Nucleus Software Exports is a software product company that provides lending and transaction banking products to global financial leaders. It powers the operations of more than 200 Financial Institutions in over 50 countries, supporting retail lending, corporate banking, cash management, mobile and internet banking, automotive finance and other business areas.

The scrip hit a record high at Rs 809.20 in intraday today on the BSE.