Dolat Capital: Intellect Design Q2 Review - New Deal Signings Drive Growth, Profitability
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Dolat Capital Report
Intellect Design Ltd. reported 7.6% YoY growth in its revenues to 50.1 million dollar ahead of our estimate at 49 million dollar and significant turnaround on Ebit margins at 19% (up 400 basis points QoQ, was loss making in YoY period) in Q2 FY21, beating our expectations.
Commentary remains confident on sustaining revenue traction in the near future, given its strong deal win momentum (six digital wins and four large deal wins), order book traction (up 8.5% YoY to Rs 11.9 billion), large funnel (pursuit 540 million dollar) and strong recurring revenues (up 25% on trailing twelve months basis)
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