IT Software Products firm Intellect Design Arena Announced Q1FY23 Result : Intellect revenue registers 33% YoY growth in Q1 FY 23 Platform (SaaS/Subscription) revenue grew by 90% in the Last Twelve Months LTM Revenue growth at 29% YoY 10 new Customers have chosen Intellect’s Digital stack for their Digital transformation including 5 Customers who have chosen Intellect platforms Q1 FY23 - Financial Highlights: Revenue: Total Revenue Q1 FY23 stood at INR 541 Cr as against INR 408 Cr in Q1FY22 - grew 33% YoY. In $ terms, Q1 FY23 Revenue stood at $ 70 Mn as against $ 55 Mn in Q1FY22- grew 27% YoY Platform, License and AMC Revenue: Platform revenue of Q1 FY 23 is INR 116 Cr as against INR 79 Cr in Q1FY22 - grew 47% YoY License Revenue of Q1FY23 is INR 77 Cr as against INR 79 Cr in Q1FY22 AMC Revenue of Q1FY23 is INR 87 Cr as against INR 79 Mn in Q1FY22 - grew 10% YoY License linked revenue (License + Platform + AMC) is INR 281 Cr in Q1FY23 as against INR 238 Cr in Q1 FY22 - grew 18%YoY Annual Recurring Revenue (ARR) is at INR 815 Cr in Q1FY23 as against INR 634 Cr in Q1FY23 - grew 28%YoY Gross Margin and EBITDA: Gross Margin is INR 301 Cr at 56% of revenue in Q1 FY23 as against INR 230 Cr in Q1 FY22. EBITDA is INR 117 Cr at 22% of revenue in Q1 FY23 as against INR 100 Cr, 25% of revenues in Q1 FY22. EBITDA excluding ESOP cost is INR 130 Cr, i.e.24% of the revenue. Profit Before Tax and Net Profit: Profit Before Tax stood INR 93 Cr in Q1 FY23 as against INR 88 Cr in Q1 FY22 - grew by 6%YoY. Net Profit is INR 69 Cr in Q1 FY23 as against INR 74 Cr in Q1FY22 - dropped by 7% YoY. Collections and Net DSO: Collections for Q1 FY23 is INR 473 Cr; up by INR 163 Cr, as against INR 310 Cr in Q1FY22. Total Days of Sales Outstanding (DSO) is 114 days - Global business excluding India stood at 101 days in Q1 FY 23 and India DSO stood at 147 days. Cash and Cash Equivalent is INR 558 Cr as against INR 255 Cr in Q1FY22 LTM Q1 FY23 - Financial Highlights: Revenue: Total Revenue LTM Q1 FY23 stood at INR 2,011 Cr as against INR 1,560 Cr in Q1FY22 - grew 29% YoY. In $ terms, LTM Q1 FY23 Revenue stood at $ 267 Mn as against $ 212 Mn in Q1FY22- grew 26% YoY. Platform, License and AMC Revenue: Platform revenue of LTM Q1 FY 23 is INR 418 Cr as against INR 220 Cr in LTM Q1FY22 - grew 90% YoY License Revenue of LTM Q1FY23 is INR 356 Cr as against INR 354 Cr in LTM Q1FY22 AMC Revenue of LTMQ1FY23 is INR 338 Cr as against INR 304 Cr in LTMQ1FY22 - grew 11%YoY License linked revenue (License + Platform + AMC) is INR 1,112 Cr in LTM Q1FY23 as against INR 879 Cr in LTM Q1 FY22 - grew 27%YoY Annual Recurring Revenue (ARR) is at INR 756 Cr in LTM Q1FY23 as against 525 Cr in LTM Q1FY22 - grew 44% YoY Gross Margin and EBITDA: Gross Margin is INR 1,152 Cr at 57% of revenue in LTM Q1 FY23 as against INR 878 Cr in LTMQ1 FY22. EBITDA is INR 489 Cr in LTM Q1 FY23 as against INR 388 Cr in LTM Q1 FY22. Profit Before Tax and Net Profit: Profit Before Tax stood at INR 417 Cr in LTM Q1 FY23 as against INR 329 Cr in LTM Q1 FY22 - grew by 27% YoY. Net Profit is INR 344 Cr in LTM Q1 FY23 as against INR 294 Cr in LTMQ1FY22 - grew by 17% YoY. Arun Jain, Chairman and Managing Director, Intellect Design Arena Limited, said, “The consistent LTM organic product-based revenue growth of over 25% is very satisfying for the leadership team at Intellect. Our investments in the Platform business will be higher in the coming quarters and will be our revenue drivers too. Our portfolio of 10 Products and 6 Platforms showcases Intellect's deep expertise - of domain & cutting edge technology - which makes us differentiated in the market. We are excited about the future” Venkateswarlu Saranu, Chief Financial Officer, Intellect Design Arena Limited, said, “The drop in EBITDA margin and PAT are in line with our estimates, as announced during the May 2022 investor call. These are related to higher platform investments, increased travel & marketing costs and the regular tax rate of around 26%. We will be re-investing, 4% to 5% Margin to support platform revenue build-up journey ” Result PDF
IT Software Products firm Intellect Design Arena declares Q4FY22 result: Intellect registers INR 18782 Mn revenue in FY22, registers 25% YoY growth Q4 FY22 revenue registers 28% growth Intellect’s SaaS revenues grew by 112% in FY22 and 84% in Q4 FY22 Net Profit for FY 22 stood at INR 3491 Mn as against INR 2628 Mn in FY21 registering 33%YoY Growth Zero Debt Profitable Global Fintech Company with cash of INR 5580 Mn at the end of FY22 Strategic deal wins from Reserve Bank of India and a leading private sector multinational bank in India in Q4 FY 22 iGTB partners with Microsoft to establish Corporate Banking transformation on Cloud 35 new Customers have chosen Intellect’s Digital stack for their Digital transformation in FY22 including 13 large transformational deals Q4 FY22 - Financial Highlights Revenue: Total Revenue Q4 FY22 stood at INR 5094 Mn as against INR 3976 Mn in Q4FY21 - grew 28% YoY. In $ terms, Q4 FY22 Revenue stood at $ 67.70 Mn as against $54.53 Mn in Q4FY21- grew 24% YoY. License, AMC and SaaS Revenue: Saas/Cloud revenue of Q4 FY22 is INR 1193 Mn as against INR 649 Mn in Q4 FY21 - grew 84% YoY. Q4 FY22 License Revenue is INR 808 Mn as against INR 856 Mn in Q4 FY21- drop by 6 % YoY. Q4 FY22 AMC Revenue is INR 866 Mn as against INR 758 Mn in Q4 FY21 - grew 14%YoY. Annualised Recurring Revenues (ARR) touched INR 8240 mn - $109 mn on an annual basis. License linked revenue (License + SaaS/Subscription + AMC) is at 56% of total revenues as against 57% of total revenues in Q4 FY21. Gross Margin and EBITDA: Gross Margin is INR 2912 Mn at 57.2% of revenue in Q4 FY22 as against INR 2259 Mn in Q4 FY21. Gross margin remained flat against revenue growth of 28%. EBITDA is INR 1206 Mn at 23.7% of revenue in Q4 FY22 as against INR 1014 Mn, 25.5% of revenues in Q4 FY21. EBITDA excluding ESOP cost is INR 1298 Mn i.e. 25% of the revenue. Profit Before Tax and Net Profit: Profit Before Tax stood 1194 Mn in Q4 FY22 as against 886 Mn in Q4 FY21 - grew by 35%YoY. Net Profit is INR 953 Mn in Q4 FY22 as against INR 806 Mn in Q4 FY21 - grew by 18% YoY. EPS Annualised EPS for Q4 FY22 is at 28.32 Collections and Net DSO Collections for Q4 FY22 is INR 4746 Mn; up by INR 969 Mn, as against INR 3777 Mn in Q4 FY21 . Total Days of Sales Outstanding (DSO) is 115 days - Global business excluding India stood at 95 days in Q4 FY 22 and India DSO stood at 153 days. Investment in Product Development (Capitalised) is INR 297 Mn, as against INR 284 Mn in Q4FY21. Cash Position Zero Debt profitable global FinTech Company with cash of INR 5580 Mn at the end of Q4 FY22 as against INR 2107 Mn in Q4FY21 Cash and Cash Equivalent is INR 5589 Mn as against INR 2617 Mn in Q4 FY21. Effective Operating Cash Flow is INR 1246 Mn. FY22 - Financial Highlights Revenue: Total Revenue for FY22 stood at INR 18782 Mn as against INR 14975 Mn in FY21- grew 25% YoY. In $ terms, FY22 Revenue stood at $ 252 Mn as against $ 202 Mn in FY21 - grew 25% YoY. License, AMC and SaaS Revenue: Saas/Cloud revenue of FY22 is INR 3812 Mn as against INR 1796 Mn in FY21- grew 112% YoY. FY22 License Revenue is INR 3583 Mn as against INR 3347 Mn in FY21 - grew 7% YoY. FY22 AMC Revenue is INR 3299 Mn as against INR 2982 Mn in FY21 - grew 11% YoY. Gross Margin and EBITDA Gross Margin is INR 10806 Mn at 57.5% of revenue in FY22 as against INR 8329 Mn in FY21 - grew by 2 basis points from 55.6% in YoY. Against revenue growth of 25%, Gross margins increased YoY by 30%. EBITDA is INR 4721 Mn at 25.1% of revenue in FY22 as against INR 3559 Mn in FY21, 23.8% of revenues in FY21. EBITDA grew 33% against 25% YoY revenue growth. Profit Before Tax and Net Profit: Profit Before Tax stood 4118 Mn in FY22 as against 2882 Mn in FY21 - grew by 43%YoY. Net Profit is INR 3491 Mn in FY 22 as against INR 2628 Mn in FY21 - grew by 33% YoY. EPS EPS for FY22 is at 25.94 Collections and Net DSO Collections for FY22 is INR 16168 Mn; up by INR 1201 Mn, as against INR 14967 Mn in FY21. Total Days of Sales Outstanding (DSO) is 115 days - Global business excluding India stood at 95 days in FY 22 and India DSO stood at 153 days. Investment in Product Development (Capitalised) is INR 1156 Mn, as against INR 1120 Mn in FY21 Cash Position: Zero Debt profitable global FinTech Company with cash of INR 5580 Mn at the end of FY22 as against INR 2107 Mn in FY21 Cash and Cash Equivalent is INR 5589 Mn as against INR 2617 Mn in FY21. Effective Operating Cash Flow is INR 3211 Mn. Arun Jain, Chairman and Managing Director, Intellect Design Arena Limited said, “Our calibrated yet market leadership journey in Fintech continues to drive 25% annualised growth in Revenues and 33% growth in profits. All the four levers - Product to platform journey, selected partnership strategy, large to mega Digital deal winning and enterprise wide Digital Transformation implementations bring joy and fulfillment to all Intellect leaders.” Venkateswarlu Saranu, Chief Financial Officer, Intellect Design Arena Limited said, “The power of design thinking is driving better and faster deliveries resulting into higher cash quarter on quarter with net cash of 5580 Mn. All the 5 financial metrics have grown handsomely during the year - Revenue, EBITDA, Cash, PAT and EPS. ” Result PDF