Hot Pursuit     12-May-23
Intellect Design Arena surges after Q4 PAT jumps 46% QoQ to Rs 91 cr
Intellect Design Arena rallied 9.16% to Rs 508.50 after the company reported 46.16% jump in consolidated net profit of Rs 90.66 crore in Q4 FY23 as compared with Rs 62.03 crore in Q3 FY23.
Total revenue rose 12.54% to Rs 615.50 crore in Q4 FY23 as compared with Rs 546.92 crore in Q3 FY22.

Gross margin was at Rs 349 crore in Q4 FY23 as against Rs 282 crore in Q4 FY22. EBITDA stood at Rs 143 crore in Q4 FY23, registering the growth of 28.83% as against Rs 111 crore posted in Q4 FY22.

Collections for Q4 FY23 stood at Rs 485 crore.

License linked revenue (License + Platform + AMC) stood at Rs 333 crore in Q4 FY23 (up 18 % YoY ) Out of which revenue from platform for Q4 FY23 was at Rs 114 crore as against Rs 117 crore in Q4 FY22, License revenue was at Rs 113 crore in Q4 FY23 (up 42% YoY), AMC revenue stood at Rs 106 crore in Q4 FY23 (up 25% YoY ).

On full year basis, the company's consolidated net profit declined 23.4% to Rs 267.23 crore despite of 18.8% jump in total revenue to Rs 2,231.25 crore in FY23 over FY22.

During FY23, 42 new customers chose Intellect's Digital stack for their digital transformation. Meanwhile, 43 global financial institutions have transformed their digital journey on Intellect platforms and products.

Arun Jain, chairman and managing director, Intellect Design Arena, said, "Our launch of marks a significant shift in how transformation technology is addressed for the financial services industry. A blend of the best of composability, embedded AI and data on a cloud-native open architecture opens up an entire world of possibilities for banks and financial institutions for designing value propositions contextualised for their customers."

The board has recommended a final dividend of Rs 2.50 per equity share for FY23, subject to approval of shareholders. Further, dividend will be paid within 30 days from the date of declaration.

Intellect Design Arena has a comprehensive portfolio of products across global consumer banking, central banking, risk & treasury management, global transaction banking and Insurance and is engaged in the business of software development.

Previous News
  Intellect Design Arena allots 1.76 lakh equity shares under ESOP
 ( Corporate News - 22-Aug-23   13:44 )
  Intellect's iGCB launches iQuantum Treasury 23 - a future-ready treasury solution for central banks
 ( Corporate News - 04-Sep-23   18:38 )
  Intellect Design Arena allots 53,870 equity shares under ESOP
 ( Corporate News - 24-Apr-24   11:41 )
  Volumes soar at Intellect Design Arena Ltd counter
 ( Hot Pursuit - 28-Jul-23   14:30 )
  Intellect Design Arena allots 27,660 equity shares under ESOP
 ( Corporate News - 18-Mar-24   15:59 )
  Intellect inks deal with VakifBank International AG
 ( Corporate News - 07-Feb-24   19:02 )
  Leading Bank in Saudi Arabia chooses iGTB's Digital Transaction Banking solution
 ( Corporate News - 24-Jul-23   15:43 )
  Intellect Design Arena allots 18,625 equity shares under ESOP
 ( Corporate News - 15-Dec-22   09:12 )
  Intellect Design Arena allots 59,426 equity shares under ASOP
 ( Corporate News - 28-Nov-22   12:10 )
  Intellect Global Consumer Banking receives CMMI ML5 certification
 ( Corporate News - 26-Sep-22   16:28 )
  Intellect Design Arena consolidated net profit declines 6.73% in the June 2022 quarter
 ( Results - Announcements 28-Jul-22   17:17 )
Other Stories
  Jnk India bags order from Reliance Inds
  15-Jun-24   16:54
  CRISIL reaffirms rating of Gujarat Fluorochemicals with 'stable' outlook
  15-Jun-24   16:39
  Biocon’s Andhra Pradesh facility gets 3 USFDA observations
  15-Jun-24   16:32
  Swan Energy board OKs to incorporate subsidiary
  15-Jun-24   16:00
  RVNL emerges as L-1 bidder for railway project worth Rs 160 cr
  15-Jun-24   15:01
  RITES inks MoU with DVC for rail infra works
  15-Jun-24   13:33
  ICRA downgrades ratings of PTC India Financial with 'negative' outlook
  15-Jun-24   12:54
  Minda Corpo inks JV agreement with HCMF for automotive sunroof solutions and closure systems
  15-Jun-24   11:23
  Jubilant Pharmova unit to prepay $75 mln term loan
  15-Jun-24   08:51
  EIH Associated Hotels hits life high as board OKs 1:1 bonus issue
  14-Jun-24   16:03
Back Top