Intellect Design Arena Ltd Q1FY22 consolidated net profit at Rs. 73.72 crore

Intellect Design Arena Ltd has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.424.67 crores during the period ended June 30, 2021 as compared to Rs.400.38 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.73.72 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.80.61 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.5.27 for the period ended June 30, 2021 as compared to Rs.5.92 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 424.67 crs	₹ 400.38 crs	6.07%
Net Profit	₹ 73.72 crs	₹ 80.61 crs	-8.55%
EPS	₹ 5.27	₹ 5.92	-10.98%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.424.67 crores during the period ended June 30, 2021 as compared to Rs.353.65 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.73.72 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.42.61 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.5.27 for the period ended June 30, 2021 as compared to Rs.3.22 for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 424.67 crs	₹ 353.65 crs	20.08%
Net Profit	₹ 73.72 crs	₹ 42.61 crs	73.01%
EPS	₹ 5.27	₹ 3.22	63.66%

Arun Jain, Chairman and Managing Director, Intellect Design Arena Limited said, "Intellect has identified and adopted the five trends of technology - Technology ecosystem change, Micro services based Packaged Business Capabilities, API based architecture, Data as a new oil and Cloud as a scalable Fintech & Digital ecosystem. Our early investments of R & D of over INR 12000 Mn in the last five years provided us an early head start for winning deals in advanced markets. The seventh consecutive quarter of growth in revenues and profits is a validation of our strategy."

Venkateswarlu Saranu, Chief Financial Officer, Intellect Design Arena Limited said, "The financial results are in line with our stated guidance. While the increased salience of SaaS deals results in short term cost commitments, these deals have a higher Total Contract value in the long term. We are focusing on achieving double digit growth for the year FY 2021-22."

Shares of Intellect Design Arena Ltd was last trading in BSE at Rs. 744.05 as compared to the previous close of Rs. 832.5. The total number of shares traded during the day was 149174 in over 8117 trades.

The stock hit an intraday high of Rs. 841.25 and intraday low of 715.55. The net turnover during the day was Rs. 113622891.

Source : Equity Bulls

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