Even though Q1FY26 profit fell 54%, Newgen Software jumped on Thursday after signing contracts with TCS Belgium and Kshema Insurance.

After Newgen Software Technologies secured several orders from both domestic and foreign companies, its stock increased by more than 6% on Thursday.

During the day, the shares of the software and consultancy business increased by 6.1% to ₹928.9 per share, the largest intraday increase since September 18 of this year. As of 09:34 AM, Newgen Software's stock had reduced gains to trade 4.5% higher at ₹915.5 per share, while the Nifty 50 had advanced 0.11 percent.

According to Bloomberg, the company's shares ended a four-day losing streak and are now trading at 18 times the typical 30-day trading volume. This year, the counter has dropped 45%, while the benchmark Nifty 50 is up 6%. The whole market value of Newgen Software is ₹13,200.21 crore.

According to an exchange filing, Newgen Software has signed a Master Service Agreement for cloud hosting, software licensing, and installation services with Tata Consultancy Services N.V., Belgium, through its fully owned UK subsidiary. An end client will receive a modernized cloud-based enterprise records management platform as part of the five-year, €4.22 million deal.

In addition, the business has accepted a purchase order for its Policy Administration System from Kshema General Insurance Ltd. in India. Software license, implementation, and yearly support services are covered by the five-year domestic deal, which is worth ₹21.24 crore (taxes included).

While net profit dropped 54% to ₹49.72 crore in Q1FY26, Newgen Software recorded sales of ₹320.65 crore, a 25% decrease from the March quarter. Revenues from APAC and Europe also fell. Revenue increased 1.8%, and profit increased 4.4% on an annual basis. The company provides document management and workflow automation solutions to the government, insurance, and financial industries.