Intellect Design Arena Ltd reports consolidated net profit of Rs. 59.18 crore in Q2FY21

Intellect Design Arena Ltd has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.373.97 crores during the period ended September 30, 2020 as compared to Rs.353.65 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.59.18 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.42.61 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.4.40 for the period ended September 30, 2020 as compared to Rs.3.22 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 373.97 crs	₹ 353.65 crs	5.75%
Net Profit	₹ 59.18 crs	₹ 42.61 crs	38.89%
EPS	₹ 4.40	₹ 3.22	36.65%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.373.97 crores during the period ended September 30, 2020 as compared to Rs.338.09 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.59.18 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.(17) crores for the period ended September 30, 2019.

The company has reported EPS of Rs.4.40 for the period ended September 30, 2020 as compared to Rs.(1.29) for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 373.97 crs	₹ 338.09 crs	10.61%
Net Profit	₹ 59.18 crs	₹ (17) crs	-448.12%
EPS	₹ 4.40	₹ (1.29)	-441.09%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.727.63 crores during the 6 months period ended September 30, 2020 as compared to Rs.690.64 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.101.79 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.(13.61) crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.7.61 for the 6 months period ended September 30, 2020 as compared to Rs.(1.03) for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 727.63 crs	₹ 690.64 crs	5.36%
Net Profit	₹ 101.79 crs	₹ (13.61) crs	-847.91%
EPS	₹ 7.61	₹(1.03)	-838.83%

Arun Jain, Chairman and Managing Director, Intellect Design Arena Limited said, "I take great satisfaction in announcing another quarter of steady revenue growth along with sustained expansion in profitability as part of our monetisation strategy announced last quarter. Our brand recognition & superior and deep financial technologies are helping us to drive more consistent deal flows in advanced markets."

Venkateswarlu Saranu, Chief Financial Officer, Intellect Design Arena Limited said, "We are happy to share that we have expanded our EBITDA margin by 400 basis points this quarter to 24% of revenue, which stands at INR 904 Mn. The PAT at INR 590 million on a quarterly basis has EPS of INR 4.47. We are confident of steady growth of all financial metrics in current years."

Shares of Intellect Design Arena Ltd was last trading in BSE at Rs.239.5 as compared to the previous close of Rs. 235.25. The total number of shares traded during the day was 12889 in over 1084 trades.

The stock hit an intraday high of Rs. 239.8 and intraday low of 230.3. The net turnover during the day was Rs. 3050645.

Source : Equity Bulls

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