Intellect Design Arena Ltd Q4FY21 consolidated PAT at Rs. 80.61 crore

Intellect Design Arena Ltd has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.400.38 crores during the period ended March 31, 2021 as compared to Rs.386.43 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.80.61 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.80.36 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.5.92 for the period ended March 31, 2021 as compared to Rs.5.75 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 400.38 crs	₹ 386.43 crs	3.61%
Net Profit	₹ 80.61 crs	₹ 80.36 crs	0.31%
EPS	₹ 5.92	₹ 5.75	2.96%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.400.38 crores during the period ended March 31, 2021 as compared to Rs.361 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.80.61 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.40.99 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.5.92 for the period ended March 31, 2021 as compared to Rs.3.07 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 400.38 crs	₹ 361 crs	10.91%
Net Profit	₹ 80.61 crs	₹ 40.99 crs	96.66%
EPS	₹ 5.92	₹ 3.07	92.83%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1510.14 crores during the 12 months period ended March 31, 2021 as compared to Rs.1373.35 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.262.76 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.15.99 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.19.55 for the 12 months period ended March 31, 2021 as compared to Rs.1.19 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 1510.14 crs	₹ 1373.35 crs	9.96%
Net Profit	₹ 262.76 crs	₹ 15.99 crs	1543.28%
EPS	₹ 19.55	₹1.19	1542.86%

Arun Jain, Chairman and Managing Director, Intellect Design Arena Limited said, "Digital adoption not only accelerated this year but fundamentally altered the way technology impacts the business of banking and insurance. This was led by regulation, fintechs, changing consumer preferences and COVID. Our technologically agile, domain focused R&D teams responded by delivering 4 exponential technologies whose acceptance in technologically advanced markets is an acknowledgement of the rapid adoption of Intellect's hyperscale Fintech architecture in highly competitive markets. Our move towards an open finance architecture, driven by our proprietary iTurmeric suite of 900 plus APIs, provide the ability to our customers to adopt a flexible, composable and contextual product design strategy for their technology upgrade path. This is not only at a substantially lower TCO than our competitors but also helps in future proofing the technology for our customers. We, thus, remain confident of repeatable and profitable growth in future years as we continue to monetize Intellect's advanced technologies."

Venkateswarlu Saranu, Chief Financial Officer, Intellect Design Arena Limited said, "Intellect has delivered EBITDA of 3576.5 Mn, cash generation of 3347.8 Mn and profit of 2627.7 Mn. These are indicators of all round performance of the Intellect business."

Shares of Intellect Design Arena Ltd was last trading in BSE at Rs.822.8 as compared to the previous close of Rs. 795.15. The total number of shares traded during the day was 93634 in over 3804 trades.

The stock hit an intraday high of Rs. 847.95 and intraday low of 794. The net turnover during the day was Rs. 77251044.

Source : Equity Bulls

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