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
IT Software Products company Intellect Design Arena announced Q1FY24 results: Total revenue for Q1FY24 stood at Rs 644 crore as against Rs 540 crore in Q1FY23 - grew 19% YoY Platform revenue for Q1FY24 is Rs 141 crore as against Rs 116 crore in Q1FY23 - grew 21% YoY License revenue for Q1FY24 is Rs 112 crore as against Rs 77 crore in Q1FY23 - grew 46% YoY AMC revenue for Q1FY24 is Rs 106 crore as against Rs 87 crore in Q1FY23 - grew 22% YoY License linked revenue (License + Platform + AMC) is Rs 359 crore in Q1FY24 as against Rs 280 crore in Q1FY23 - grew 28 %YoY EBITDA is Rs 155 crore in Q1FY24 as against Rs 116 crore in Q1FY23 - grew 33% YoY Profit after Tax is Rs 93 crore in Q1FY24 as against Rs 69 crore in Q1FY23 - grew by 36% YoY Collections for Q1FY24 are Rs 582 crore Deal Wins: eMACH.ai accelerates growth with 11 new customers choosing Intellect for their digital transformation journey Digital Transformations (Go-Lives): 10 global financial institutions have transformed their digital journey on Intellect platforms and products Arun Jain, Chairman and Managing Director, Intellect Design Arena, said, “I wish to celebrate the power of the Research and Development teams at Intellect this quarter. 2 million person-hours of sustained investments annually and 16 million person-hours during the last 8 years in R&D; have catapulted the company from Product to Technology company. eMACH.ai, with its 5 built-in technologies, drives holistic and agile transformation at double the speed and half the costs. Turmeric Technology is a first-of-its-kind Composable platform (No code), choreographing Events, Microservices, APIs, Business Rules, UX, and Generative AI seamlessly to deliver high performance with inbuilt easy to use. Fabric Technology brings in enterprise decision-grade knowledge from Structured and Unstructured Data. Intellect’s ‘Platform First’ strategy in building technology is powering unparalleled efficiencies in Insurance, Wealth, Retail, Risk, and Corporate. The extremely high point in building commercial IPs.” Result PDF