Newgen Software Shares Plunge 15% After Disappointing Q3 Results

• Newgen Software Ltd. shares dropped 15% on Tuesday after its Q3 FY26 results.
• Net profit for the December quarter fell 23.2% to ₹63 crore from ₹82 crore sequentially.
• A one-time impact of ₹35 crore from a new labor code affected profitability.
• Revenue remained flat at ₹400 crore, showing no significant topline growth.
• Operational performance showed slight improvement with EBIT up 3.1% and EBITDA margin rising to 24.2%.

Why It Matters: Newgen Software's Q3 profit drop and flat revenue led to a 15% stock decline.