IT Software Products company Intellect Design Arena announced Q3FY24 & 9MFY24 results: Q3FY24: Total Revenue in Q3FY24 stood at Rs 635 crore as against Rs 555 crore in Q3FY23 - grew 14% YoY License linked revenue (License + Platform + AMC) is Rs 347 crore in Q3FY24 as against Rs 282 crore in Q3FY23 - grew 23% YoY Gross Margin is Rs 347 crore in Q3FY24 as against Rs 301 crore in Q3FY23 - grew 15% YoY EBITDA is Rs 132 crore in Q3FY24 as against Rs 105 crore in Q3FY23 - grew 26% YoY EBITDA excluding ESOP cost is Rs 143 crore in Q3FY24 as against Rs 114 crore in Q3FY23 - grew 25% YoY Net Profit is Rs 84 crore in Q3FY24 as against Rs 62 crore in Q3FY23 - grew 36% YoY Collections for Q3FY24 are Rs 591 crore Total Days of Sales Outstanding (DSO) is 107 days - Global business excluding India stood at 103 days in Q3FY24 and India DSO stood at 117 days Cash and Cash Equivalent stood at Rs 712 crore at the end of Q3FY24 Deal Wins: eMACH.ai-powered Digital stack accelerates growth with 14 Deal Wins Digital Transformations (Go-Lives): 13 Global Financial institutions have transformed their Digital journey on Intellect Platforms and Product stacks 9MFY24: Total Revenue for 9MFY24 stood at Rs 1,901 crore as against Rs 1,625 crore in 9MFY23 - grew 17% YoY License linked revenue (License + Platform + AMC) is Rs 1,041 crore in 9MFY24 as against Rs 840 crore in 9MFY23 - grew 24% YoY Gross Margin is Rs 1,051 crore in 9MFY24 as against Rs 879 crore in 9MFY23 - grew 20% YoY EBITDA is Rs 412 crore in 9MFY24 as against Rs 307 crore in 9MFY23 - grew 34% YoY EBITDA excluding ESOP cost is Rs 448 crore, i.e. 24% of the revenue in 9MFY24 as against Rs 342 crore in 9MFY23 - grew 31% YoY Net Profit is Rs 248 crore in 9MFY24 as against Rs 177 crore in 9MFY23 - grew 41% YoY Collections for 9MFY24 are Rs 1,760 crore Arun Jain, Chairman and Managing Director, Intellect Design Arena, said, “eMACH.ai has built great traction in all the six spaces of financial technology modernisation i.e. Core Banking, Digital Transaction Banking, Lending, Wealth, Trade & Supply Chain Finance and Insurance Underwriting. 14 Platform wins during the quarter is a validation of our Next Gen Architecture and Technology.” Result PDF