Q4 Results: Three International Deals Boost Intellect Design’s Profit
Intellect Design Arena Ltd. said its sequential profit jumped threefold on the back of three international deals won in the March quarter.
The three deals in North America boosted the company’s growth, Chairman and Managing Director Arun Jain said. “We are coming very strong as compared to our European and American competition.” The financial technology company’s revenue from licence business jumped 67 percent in the three months ended March.
Still, Sharma said maintaining the same level of growth would be difficult. Intellect Design may have an annualised growth rate of 20 percent, he said, adding the company would also aim to sustain 13 percent margin for the next two years.
Q4 Earnings Highlights
- Net profit jumped more than threefold to Rs 41.5 crore from Rs 13.5 crore.
- Revenue rose 5.6 percent to Rs 395.6 crore.
- EBIT spikes 174 percent to Rs 35.6 crore.
- EBIT margin rose to 9 percent from 3.5 percent.
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