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Copyright © 2025 Knowtilus Technologies Pvt. Ltd.
SummaryLatest NewsSector ComparisonEarnings ReportRevenue & GrowthPeersIncome StatementBalance SheetCash Flow
NUCLEUS logo

NUCLEUS - Nucleus Software Exports Ltd Share Price

IT - Software
Sharesguru Stock Score

NUCLEUS

62/100

High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years

₹831.30-34.10(-3.94%)
Market Closed as of Apr 9, 2026, 15:30 IST
Pros

Profitability: Very strong Profitability. One year profit margin are 16%.

Balance Sheet: Strong Balance Sheet.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Technicals: Bullish SharesGuru indicator.

Cons

Momentum: Stock has a weak negative price momentum.

Smart Money: Smart money looks to be reducing their stake in the stock.

Past Returns: In past three years, the stock has provided 5.4% return compared to 9.3% by NIFTY 50.

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Sharesguru Stock Score

NUCLEUS

62/100

High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years

Valuation

Market Cap2.09 kCr
Price/Earnings (Trailing)14.21
Price/Sales (Trailing)2.21
EV/EBITDA9.64
Price/Free Cashflow19.61
MarketCap/EBT10.66
Enterprise Value2.05 kCr

Fundamentals

Revenue (TTM)946.08 Cr
Rev. Growth (Yr)6.3%
Earnings (TTM)146.96 Cr
Earnings Growth (Yr)-40.8%

Profitability

Operating Margin23%
EBT Margin21%
Return on Equity17.32%
Return on Assets11.95%
Free Cashflow Yield5.1%

Growth & Returns

Price Change 1W1.6%
Price Change 1M-8.7%
Price Change 6M-20.9%
Price Change 1Y-3.2%
3Y Cumulative Return5.4%
5Y Cumulative Return9.9%
7Y Cumulative Return12.7%
10Y Cumulative Return14.5%

Cash Flow & Liquidity

Cash Flow from Investing (TTM)-20.78 Cr
Cash Flow from Operations (TTM)150.94 Cr
Cash Flow from Financing (TTM)-125.8 Cr
Cash & Equivalents42.23 Cr
Free Cash Flow (TTM)135.72 Cr
Free Cash Flow/Share (TTM)51.55

Balance Sheet

Total Assets1.23 kCr
Total Liabilities380.85 Cr
Shareholder Equity848.73 Cr
Current Assets524.18 Cr
Current Liabilities312.56 Cr
Net PPE48.38 Cr
Inventory0.00
Goodwill0.00

Capital Structure & Leverage

Debt Ratio0.00
Debt/Equity0.00
Interest Coverage156.99
Interest/Cashflow Ops192.06

Dividend & Shareholder Returns

Dividend/Share (TTM)12.5
Dividend Yield1.4%
Shares Dilution (1Y)0.00%
Shares Dilution (3Y)-1.7%
Pros

Profitability: Very strong Profitability. One year profit margin are 16%.

Balance Sheet: Strong Balance Sheet.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Technicals: Bullish SharesGuru indicator.

Cons

Momentum: Stock has a weak negative price momentum.

Smart Money: Smart money looks to be reducing their stake in the stock.

Past Returns: In past three years, the stock has provided 5.4% return compared to 9.3% by NIFTY 50.

The Good, Bad and Ugly
Growth
Measures how quickly a company is expanding through metrics like revenue growth, earnings growth, and cash flow growth over time. Strong growth can indicate future potential.
Profitability
Shows how efficiently a company turns business activities into profit, using metrics like profit margins, return on equity (ROE), and return on assets (ROA).
Size
Indicates the company's market presence through metrics like market capitalization, total assets, and revenue. Size can influence stability and market influence.
Dilution Rank
Tracks how much the company's shares have increased or decreased over time. Lower dilution means existing shareholders maintain stronger ownership stakes.
Balance Sheet
Evaluates the company's financial health by analyzing assets, debts, and equity. A strong balance sheet indicates financial stability and flexibility.
Momentum
Measures the strength and speed of price movements, showing whether the stock is gaining or losing market favor over different time periods.
Technicals
Analyzes price patterns, trading volumes, and other market indicators to identify potential trading opportunities and market trends.
Smart Money
Tracks the investment activities of institutional investors, hedge funds, and other large financial players who often have deep research capabilities.
Insider Trading
Monitors buying and selling of company shares by executives, directors, and other insiders who may have unique insights into the company's prospects.

Investor Care

Dividend Yield1.4%
Dividend/Share (TTM)12.5
Shares Dilution (1Y)0.00%
Earnings/Share (TTM)55.82

Financial Health

Current Ratio1.68
Debt/Equity0.00

Technical Indicators

RSI (14d)55.36
RSI (5d)57.97
RSI (21d)49.02
MACD SignalBuy
Stochastic Oscillator SignalHold
SharesGuru SignalBuy
RSI SignalHold
RSI5 SignalHold
RSI21 SignalHold
SMA 5 SignalBuy
SMA 10 SignalBuy
SMA 20 SignalBuy
SMA 50 SignalSell
SMA 100 SignalSell

Summary of Latest Earnings Report from Nucleus Software Exports

Summary of Nucleus Software Exports's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Management's outlook for Nucleus Software remains cautious yet optimistic as they navigate ongoing challenges while strategically positioning for long-term growth. During the earnings call for Q3 FY2026, the management noted a steady performance in order bookings and project implementations, reflecting their commitment to long-term strategies.

Key forward-looking points include:

  1. Order Book Status: The company's order book stands at INR 656.68 crores, a slight decline from INR 671.10 crores in the previous quarter, highlighting a tight pipeline management with a focus on conversion towards FY27.

  2. New Client Acquisition: Management reported the addition of seven new logos for the fiscal year, all related to the newer FinnOne Neo platform, demonstrating progress in expanding their customer base while emphasizing the shift towards more advanced technology.

  3. Migration Timeline: The management indicated that the migration from the older FinnOne platform to FinnOne Neo is an ongoing process, expecting to complete it over the next 3 to 4 years.

  4. Revenue Insights: Consolidated revenue for the quarter reached INR 220.03 crores, a slight increase from INR 213.51 crores QoQ, driven primarily by product revenue at INR 185.58 crores.

  5. AI Integration: The company is actively embedding AI capabilities as part of their product offerings, responding to customer demands and enhancing their services.

  6. Market Trends: Management emphasized growth opportunities in sectors such as the MSME segment, gold loans, and co-lending, anticipating these areas will drive future revenue growth.

  7. Cost of Delivery: The cost of delivery has decreased to 70.4% of revenue, which management aims to maintain, though they acknowledge it may rise due to new labor laws in the future.

  8. Capital Allocation Strategy: With substantial cash reserves of INR 971.60 crores, management remains cautious about capital allocation, considering potential investments in AI and technology before contemplating dividends or buybacks.

Overall, the management's outlook balances the present challenges with optimistic growth strategies, although they refrain from providing specific revenue guidance.

Question 1: "Could you give us a qualitative sense of where we are in this journey of migrating legacy customers from FinnOne to FinnOne Neo?"

Answer: The migration process is ongoing; it's challenging to quantify progress. We're working to upgrade customers who are comfortable with existing products. Some large customers have migrated, while others are still transitioning. It's a time-consuming journey, and while we wish to complete it soon, I estimate it might take 3 to 4 years to finalize the migration for our total installed base.

Question 2: "Is this cost of delivery sustainable for the coming time, or can we see some uptick in this?"

Answer: We might see an uptick in the cost of delivery due to new labor codes, which will impact our P&L. Although the recent figures have been promising, various initiatives, including AI adoption, could help manage delivery costs. However, it's tough to assert a specific percentage increase, as other factors such as geographical expansions may also cause fluctuations in costs.

Question 3: "Have you added any new logos this quarter?"

Answer: Yes, we have added two logos this quarter. Over the full year, we have brought on seven new logos. These new clients are all on our latest versions, as it's critical for us to migrate them to newer platforms rather than keeping them on older versions.

Question 4: "What challenges are we facing in the Australian market, given our slow scale-up?"

Answer: The Australian market presents a high yield but lower density compared to markets like India and the Middle East. While we maintain a sales presence and gather market feedback, growth is gradual. We are optimistic about our positioning but currently face slower market traction than expected.

Question 5: "How difficult is it for existing customers to upgrade to a newer version of our software?"

Answer: Upgrading existing customers from old platforms to new is challenging, as they are familiar with the old technology. In contrast, upgrading from one version of a product to another is much smoother and can be done quickly. Our efforts focus on ensuring the upgrade path for existing customers is as seamless as possible.

Question 6: "What is our strategy regarding embedding AI into our products?"

Answer: AI is integral to our product roadmap and is being embedded into our offerings. We are focused on aligning our AI strategy with client expectations, incorporating supervised and unsupervised learning options. We aim to enhance our existing product suite with AI capabilities while responding to market demands for innovative solutions.

Question 7: "Is there any roadmap for special dividends or buybacks, given the accumulation of cash?"

Answer: Currently, we prefer to maintain cash reserves as we navigate significant growth opportunities, especially in AI. In the upcoming quarters, we will evaluate our capital allocation strategy to make informed decisions about potential returns to shareholders.

Question 8: "How was the performance in Q3, and do you expect to close delayed deals in Q4?"

Answer: Performance in Q3 exceeded our expectations, showing positive market traction with conversions starting to happen. We have a significant pipeline awaiting conversion, and we anticipate closing several of those outstanding deals in Q4.

Question 9: "Can you provide qualitative factors for growth in FY27?"

Answer: Growth will likely stem from the MSME sector, where strong prospects exist, along with rising traction in areas like gold loans and co-lending. We're focusing efforts on sectors with high growth potential and aligning our strategy accordingly.

Revenue Breakdown

Analysis of Nucleus Software Exports's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.

Last Updated: Dec 31, 2025

DescriptionShareValue
INDIA59.6%131.1 Cr
SOUTH EAST AFRICA 11.7%25.7 Cr
MIDDLE EAST10.1%22.2 Cr
OTHERS6.9%15.3 Cr
EUROPE4.2%9.3 Cr
FOR EAST3.7%8.2 Cr
AUSTRALIA2.6%5.7 Cr
AFRICA1.1%2.5 Cr
Total220 Cr

Share Holdings

Understand Nucleus Software Exports ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Share Holding Details

Shareholder NameHolding %
KARMAYOGI HOLDINGS PRIVATE LIMITED33.59%
MADHU DUSAD11.44%
NUCLEUS SOFTWARE ENGINEERS PRIVATE LIMITED9.06%
VISHNU R DUSAD5.98%
KRITIKA DUSAD3.8%
RITIKA DUSAD3.8%
YOGESH ANDLAY3.28%
NUCLEUS SOFTWARE WORKSHOP PRIVATE LIMITED2.28%
BARCA GLOBAL MASTER FUND, LP1.82%
NAVEEN KUMAR0.27%
SUMAN MATHUR0.09%
CARD SYSTEMS PRIVATE LIMITED0%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Is Nucleus Software Exports Better than it's peers?

Detailed comparison of Nucleus Software Exports against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.

Ticker
Name
Mkt Cap
Revenue
Price %, 1M
Returns, 1Y
P/E
P/S
Rev 1-Yr
Inc 1-Yr
COFORGECOFORGE40.65 kCr15.23 kCr-6.00%-21.80%33.742.67--
INTELLECTINTELLECT DESIGN ARENA9.17 kCr3.02 kCr-14.20%-3.60%25.183.03--
SONATSOFTWSonata Software6.5 kCr10.86 kCr-22.00%-34.00%14.590.6--
3IINFOLTD3i Infotech311.09 Cr778.76 Cr-0.90%-33.50%4.730.4--

Sector Comparison: NUCLEUS vs IT - Software

Comprehensive comparison against sector averages

Comparative Metrics

NUCLEUS metrics compared to IT

CategoryNUCLEUSIT
PE14.1525.33
PS2.205.22
Growth7.8 %6.7 %
0% metrics above sector average
Key Insights
  • 1. NUCLEUS is among the Top 10 Software Products companies but not in Top 5.
  • 2. The company holds a market share of 5.2% in Software Products.
  • 3. The company is growing at an average growth rate of other Software Products companies.

Income Statement for Nucleus Software Exports

Consolidated figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Revenue From Operations0.7%832826634497514521
Other Income30%665134354037
Total Income2.5%899877669532553558
Employee Expense9%535491394394331322
Finance costs-400%0.750.951.020.811.221.12
Depreciation and Amortization0%151519151414
Other expenses12.3%129115846654104
Total Expenses9.2%679622497476399441
Profit Before exceptional items and Tax-14.5%21925617156154117
Total profit before tax-14.5%21925617156154117
Current tax-17.5%485842132924
Deferred tax30.2%8.426.71.081.296.494.03
Total tax-12.7%566443153628
Total profit (loss) for period-15.2%1631921284111889
Other comp. income net of taxes-575%-3.561.968.01-10.791.9-7.47
Total Comprehensive Income-18.1%1591941363012082
Earnings Per Share, Basic-14.4%61.471.5647.7314.2840.6230.64
Earnings Per Share, Diluted-14.4%61.471.5647.7314.2840.6230.64
Description(%) Q/QDec-2025Sep-2025Jun-2025Mar-2025Dec-2024Sep-2024
Revenue From Operations2.8%220214218229206202
Other Income-6.7%151618171619
Total Income2.2%235230236246221221
Employee Expense-2%145148146123137137
Finance costs25.4%0.50.330.240.170.190.19
Depreciation and Amortization17.7%4.333.833.43.413.583.94
Other expenses-2.4%424338323534
Total Expenses-1%192194187158176175
Profit Before exceptional items and Tax26.5%443548884547
Exceptional items before tax--18.8500000
Total profit before tax-29.4%253548884547
Current tax-29.8%5.857.9111217.8111
Deferred tax-1476.2%-1.891.211.972.162.222.88
Total tax-63.5%3.969.1213231014
Total profit (loss) for period-20%212635653533
Other comp. income net of taxes45.8%3.582.774.63-0.2-1.69-2.71
Total Comprehensive Income-17.9%242940653330
Earnings Per Share, Basic-23.7%7.869.9913.3724.613.2812.35
Earnings Per Share, Diluted-23.7%7.869.9913.3724.613.2812.35
Standalone figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Revenue From Operations0.4%769766585448454432
Other Income43.8%704934343763
Total Income2.8%839816619482491495
Employee Expense10.6%472427338336277258
Finance costs-60.7%0.550.720.770.390.770.62
Depreciation and Amortization8.3%14131713119.87
Other expenses8.9%136125897655105
Total Expenses10.1%623566446425344373
Profit Before exceptional items and Tax-13.3%21624917357147122
Total profit before tax-13.3%21624917357147122
Current tax-19.6%465742132821
Deferred tax34.2%8.56.591.121.96.475.5
Total tax-14.5%546343153426
Total profit (loss) for period-13%1621861304211296
Other comp. income net of taxes-688.9%-4.831.996.94-11.181.75-8.37
Total Comprehensive Income-16.6%1571881373111488
Earnings Per Share, Basic-12.4%60.9369.4548.6914.738.5833.07
Earnings Per Share, Diluted-12.4%60.9369.4548.6914.738.5833.07
Description(%) Q/QDec-2025Sep-2025Jun-2025Mar-2025Dec-2024Sep-2024
Revenue From Operations3.1%202196201213189185
Other Income-22.2%151924171523
Total Income0.9%217215225230204208
Employee Expense-1.6%127129128107123120
Finance costs22.7%0.420.250.170.120.140.14
Depreciation and Amortization19.5%4.073.573.163.163.343.69
Other expenses0%464642353735
Total Expenses-0.6%178179173145164159
Profit Before exceptional items and Tax5.6%393753854050
Exceptional items before tax--18.8500000
Total profit before tax-47.2%203753854050
Current tax-40.5%4.847.4511207.2610
Deferred tax-1240%-1.851.2522.162.242.91
Total tax-74.2%2.998.713229.513
Total profit (loss) for period-40.7%172840633137
Other comp. income net of taxes325%1.630.723.160.98-2.09-4.93
Total Comprehensive Income-35.7%192943642932
Earnings Per Share, Basic-41.3%6.6210.5815.0424.0111.7313.64
Earnings Per Share, Diluted-41.3%6.6210.5815.0424.0111.7313.64

Balance Sheet for Nucleus Software Exports

Consolidated figures (in Rs. Crores) /
Description(%) Q/QSep-2025Mar-2025Sep-2024Mar-2024Sep-2023Mar-2023
Cash and cash equivalents-16.3%425057466550
Current investments21.2%287237262328324226
Loans, current-27.3%0.160.340.470.460.460.5
Total current financial assets-2%489499425569579454
Total current assets-3.7%524544466612612483
Property, plant and equipment20.5%484035352223
Capital work-in-progress-7.7%0.160.225.860.091.80.43
Investment property0%131313131313
Non-current investments-4%388404394321316299
Loans, non-current-2.2%0.060.080.240.390.30.25
Total non-current financial assets14.6%606529587421319327
Total non-current assets15.8%705609682502387391
Total assets6.7%1,2301,1531,1471,114999874
Total non-current financial liabilities3691.7%5.310.881.121.813.273.87
Provisions, non-current12.8%454043313125
Total non-current liabilities21.8%685655413931
Total current financial liabilities-12.3%586670655647
Provisions, current46.9%7.75.567.465.124.855.02
Current tax liabilities-99.2%1.079.250.20.335.712
Total current liabilities10.6%313283376295271233
Total liabilities12.4%381339431337311264
Equity share capital0%262626272727
Total equity4.3%849814716777689611
Total equity and liabilities6.7%1,2301,1531,1471,114999874
Standalone figures (in Rs. Crores) /
Description(%) Q/QSep-2025Mar-2025Sep-2024Mar-2024Sep-2023Mar-2023
Cash and cash equivalents-11.1%171930184933
Current investments22.1%283232257323324226
Loans, current-223.1%0.160.740.470.460.460.5
Total current financial assets0%454454454527555449
Total current assets-2.8%482496489564582449
Property, plant and equipment20.5%484035342223
Capital work-in-progress-7.7%0.160.225.830.061.780.43
Non-current investments-3.6%408423414341331314
Loans, non-current-2.2%0.060.080.260.40.30.25
Total non-current financial assets14.1%626549539441333342
Total non-current assets15.6%711615620508387391
Total assets7.5%1,1931,1101,1091,072968840
Total non-current financial liabilities3150%4.660.881.081.732.793.87
Provisions, non-current10.5%433942302923
Total non-current liabilities20.4%665554403829
Total current financial liabilities-12.9%556363595540
Provisions, current48.3%5.794.235.873.743.183.66
Current tax liabilities-116.9%0.026.80.030.035.712
Total current liabilities12.2%305272365282266223
Total liabilities13.5%371327419323304252
Equity share capital0%262626272727
Total equity5%822783690749665588
Total equity and liabilities7.5%1,1931,1101,1091,072968840

Cash Flow for Nucleus Software Exports

Consolidated figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Finance costs-47.8%0.320.540.590.42--
Depreciation0%15151915--
Unrealised forex losses/gains45.7%0.3-0.29-0.56-1.07--
Dividend income0%0.440.440.51.38--
Adjustments for interest income71.4%25156.698.73--
Net Cashflows from Operations-36.8%1903007774--
Income taxes paid (refund)-50%39772716--
Net Cashflows From Operating Activities-32.1%1512225058--
Proceeds from sales of PPE-257.1%00.720.390--
Purchase of property, plant and equipment-50%15293.724--
Proceeds from sales of investment property-0000.24--
Dividends received0%0.440.440.51--
Interest received133.3%2.48-3.448.0617--
Other inflows (outflows) of cash32.6%-65.23-97.254.361.28--
Net Cashflows From Investing Activities89%-20.78-196.99-12.7159--
Payments to acquire or redeem entity's shares-000191--
Payments of lease liabilities-2.803.320--
Dividends paid23.1%33271917--
Interest paid-47.8%0.320.540.590.42--
Other inflows (outflows) of cash--89.21000--
Net Cashflows from Financing Activities-306.9%-125.8-30.16-22.65-212.88--
Effect of exchange rate on cash eq.-22.8%0.30.430.250.15--
Net change in cash and cash eq.164.3%4.66-4.69153.48--
Standalone figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Finance costs-35.8%0.280.470.50.2--
Depreciation8.3%14131713--
Impairment loss / reversal-0001.28--
Unrealised forex losses/gains50.8%0.36-0.3-0.41-0.96--
Dividend income0%0.440.440.51.38--
Adjustments for interest income71.4%25156.698.92--
Net Cashflows from Operations-37.1%1812877971--
Dividends received--3.96000--
Income taxes paid (refund)-50%38752715--
Net Cashflows From Operating Activities-34.6%1392125256--
Proceeds from sales of PPE-257.1%00.720.40.26--
Purchase of property, plant and equipment-48.1%15284.2424--
Dividends received707.1%4.40.440.51--
Interest received116.6%2.48-7.928.060--
Other inflows (outflows) of cash32.6%-65.23-97.254.321.28--
Net Cashflows From Investing Activities92.8%-13.21-197.48-13.26159--
Payments to acquire or redeem entity's shares-000191--
Payments of lease liabilities-2.2802.080--
Dividends paid23.1%33271917--
Interest paid-35.8%0.280.470.50.2--
Other inflows (outflows) of cash--89.21000--
Net Cashflows from Financing Activities-321.9%-125.24-28.92-21.32-211.08--
Effect of exchange rate on cash eq.-9.8%0.330.390.330.14--
Net change in cash and cash eq.97.2%0.56-14.51184.13--

What does Nucleus Software Exports Ltd do?

Software Products•Information Technology•Small Cap

Nucleus Software Exports Limited provides lending and transaction banking products to the financial services industry in India, the Far East, South East Asia, Europe, the Middle East, Africa, Australia, and internationally. Its products include FinnOne Neo, a lending solution designed to support retail, corporate, and Islamic sectors for banks and other financial service companies; FinnOne Neo customer acquisition system, a loan origination software; FinnOne Neo loan management system; FinnOne Neo collections, a automation-ready framework for quick interfaces; PaySe, an online and offline digital payment solution; and other software services. The company offers FinnOne Neo, a digital lending platform; FinnAxia, an integrated global transaction banking solution comprising global receivables, global payments, global liquidity management, financial supply chain management, financial supply chain management, virtual account management, digital compass, e-Trade Finance, and business internet banking; FarEdge anomaly detector, a solution for productivity and security. In addition, it provides testing, consulting, application development, maintenance, and infrastructure management services. The company was founded in 1986 and is based in Noida, India.

Industry Group:IT - Software
Employees:1,890
Website:www.nucleussoftware.com

Important Disclosure & Data Context

This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.

Performance Comparison

NUCLEUS vs IT (2021 - 2026)

NUCLEUS leads the IT sector while registering a 6.8% growth compared to the previous year.