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
Conference Call with Intellect Design Arena Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.
IT Software products company Intellect Design Arena declares Q3FY22 result: Intellect Q3 FY22 revenue registers 33% YoY growth; SaaS revenue registers 113% growth EBITDA registered 37% YoY growth. PAT registers 25% growth YoY growth Zero Debt Profitable Global Fintech Company with cash of INR 4314 Mn at the end of Q3 FY22 Annualised Recurring Revenues (ARR) touched INR 6860 mn on an annual basis Highest ever quarterly collections. Collections for Q3FY22 stood at INR 4852 Mn YTD FY22 Revenue stood at INR 13688 Mn registering 24% YoY growth Revenue: Total Revenue for Q3 FY22 stood at INR 5083 Mn - grew 33% YoY In $ terms, Q3 FY22 Revenue stood at $ 67.80 Mn - grew 31% YoY License, AMC and SaaS Revenue: Saas/Cloud revenue of Q3 FY22 is INR 890 Mn as against INR 418 Mn in Q3FY21 - grew 113% YoY Q3 FY22 License Revenue is INR 1122 Mn as against INR 910 Mn in Q3FY21- grew 23% YoY Q3 FY22 AMC Revenue is INR 825 Mn as against INR 744 Mn in Q3FY21 - grew 11%YoY Annualised Recurring Revenues (ARR) touched INR 6860 mn - $92 mn on an annual basis. License linked revenue (License + SaaS/Subscription + AMC) is at 56% of total revenues as against 54% of total revenues in Q3 FY21. Gross Margin, EBITDA and Net Profit Gross Margin is INR 2980 Mn at 59% of revenue in Q3 FY 22 as against INR 2140 Mn in Q3FY21 - grew from 56% in Q3 FY21. Gross margins grew 39% against revenue growth of 33% EBITDA is INR 1330 Mn at 26% of revenue in Q3 FY22 as against INR 974 Mn - 25.5% of revenues in Q3 FY21. EBITDA grew 37% against revenue growth of 33% EBITDA excluding ESOP cost is INR 1415 Mn i.e. 28% of the revenue.?? Profit Before Tax and Net Profit Profit Before Tax stood 1146 Mn against 864 Mn in Q3 FY21 - grew by 33%YoY Net Profit is INR 1009 Mn as against INR 804 Mn in Q3 FY21 - grew by 25% YoY Collections and Net DSO Collections for Q3 FY22 is INR 4852 Mn; up by INR 1370 Mn, as against INR 3483 Mn in Q3 FY21 Total Days of Sales Outstanding (DSO) is 129 days - Global business excluding India stood at 105 days in Q3 FY 22 and India DSO stood at 217 days Investment in Product Development (Capitalised) is INR 282 Mn, as against INR 283 Mn in Q3 FY21 Cash Position Zero Debt profitable global FinTech Company with cash of INR 4314 Mn at the end of Q3 FY22 Cash and Cash Equivalent is INR 4330 Mn as against INR 1837 Mn in Q3 FY21 Effective Operating Cash Flow is INR 1695 Mn Arun Jain, Chairman and Managing Director, Intellect Design Arena Limited said, “I am delighted to see our strategy of Composable and Contextual technologies translating into financial results. As per the plan announced during the first quarter results, we are gearing the company towards a $300 Million run rate and have made investments in the last 2 quarters. YTD EBITDA has grown by 38% over the last 9 months while retaining calibrated investments for the growth agenda” Venkateswarlu Saranu, Chief Financial Officer, Intellect Design Arena Limited said, “This quarter Business generated net cash of INR 1695 Million on the back of good project deliveries. We are able to deliver YTD growth of 24% exceeding our forecast of high teens announced in Q1 results.” Result PDF