Financial Highlights Intellect Q2 FY22 revenue registers 22% YoY growth; SaaS revenue registers 156% growth EBITDA registered 33% YoY growth. PAT registers 50% growth in the first 6 months Zero Debt Fintech Company with cash of INR 2574 Mn at the end of Q2 FY22 Revenue: Total Revenue for Q2FY22 stood at INR 452.1 Mn - grew 22% YoY In $ terms, Q2 FY22 Revenue stood at $ 61.03 Mn - grew 22% YoY License, AMC and SaaS Revenue: Q2 FY22 License Revenue is INR 869 Mn Q2 FY22 AMC Revenue is INR 814 Mn Saas/Cloud revenue of Q2FY22 is INR 879 Mn - grew 156% YoY Annualised Recurring Revenues (ARR) touched INR 6774 mn on an annual basis. Gross Margin, EBITDA and Net Profit Gross Margin is INR 2618 Mn in Q2 FY22, 58% of revenue grew from 56% in Q2 FY21 EBITDA is INR 1182 Mn at 26% of revenue in Q2 FY22 as against INR 892 Mn in Q2 FY21 EBITDA excluding ESOP cost is INR 1290 mn i.e. 28.5% of the revenue. Profit Before Tax stood 901 Mn against 662 Mn in Q2 FY21. FX Revaluation movement on 30th Sep resulted in net loss of 58 Mn against a gain of 46 Mn in the prior quarter resulting in a differential of 114 Mn impact on PBT. Net Profit is INR 792 Mn as against INR 592 Mn in Q2 FY21. Q2 FY22 recorded 9 Digital-led wins including 6 platform deals in Q2FY22 Intellect went live in 26 financial institutions with 10 New Digital transformations across the world during this quarter Collections and Net DSO Collections for Q2 FY22 is INR 3471 Mn; up by INR 129 Mn, as against INR 3343 Mn in Q2 FY21 The Net Days of Sales Outstanding (DSO) is 122 days for Global business excluding India as against 116 days in Q2 FY21 India DSO stood at 214 days as against 192 days in Q2 FY21 Investment in Product Development (Capitalised) is INR 290 Mn, as against INR 284 Mn in Q2 FY21 Cash Position Zero Debt with cash of INR 2574 Mn at the end of Q2 FY22 Cash and Cash Equivalent is INR 2604 Mn as against INR 1654 Mn in Q2 FY21 Effective Operating Cash Flow is INR 380 Mn. Revenue: Total Revenue for H1FY22 stood at INR 8605 Mn - grew 20% YoY In $ terms, H1 FY22 Revenue stood at $ 116.41 Mn - grew 22% YoY License, AMC and SaaS Revenue: H1 FY22 License Revenue is INR 1662 Mn H1 FY22 AMC Revenue is INR 1607 Mn Cloud revenue of H1FY22 is INR 1656 Mn - grew 127% YoY Gross Margin, EBITDA and Net Profit Gross Margin is INR 4914 Mn in H1 FY22, 57% of revenue grew from 55% in H1 FY21 EBITDA is INR 2184 Mn at 25% of revenue in H1 FY22 as against INR 1571 Mn in H1 FY21. Profit Before Tax and PAT Profit Before Tax is 1778 Mn against 1133 Mn grew by 57% YOY. Net Profit is INR 1530 Mn as against INR 1018 Mn in H1 FY21 grew 50% YoY. Arun Jain, Chairman and Managing Director, Intellect Design Arena Limited said, “Intellect's technologies have driven calibrated and profitable growth over the last 8 quarters. As committed during the Intellect Technology day in March 2021, we launched two Platforms on Cloud this quarter - iKredit360 and iGTB Cloud - CashPower ‘22. Both platforms have helped Intellect win 6 platform deals in this quarter. This is the beginning of Intellect's transition from a Product company to a Fintech Platform.” Venkateswarlu Saranu, Chief Financial Officer, Intellect Design Arena Limited said, “Our achieving 22 % growth in two successive quarters with EBITDA growing by 33% is quite satisfying. We are now a zero debt company, another landmark for a Fintech platform. We are confident of growing over 20% for the current year.” Result PDF
Intellect registers Strong Revenue Growth and Acceleration of SaaS & Subscription Revenues in Q1 FY 22 SaaS and Subscription Revenue doubled - Revenue at INR 777 Mn in Q1 FY 22 as against INR 386 Mn in Q1FY21 License linked revenue (License + SaaS/Subscription + AMC) is at 58% of total revenues as against 50% of total revenues in Q1 FY21. Financial Highlights: Revenue: Total Revenue up by 21% YoY in Q1 FY 22 and stood at $ 55.38 Mn In INR terms, revenue up by 18% YoY in Q1FY22 and stood at INR 4083 Mn License, AMC and SaaS Revenue: License Revenue up by 32% YoY and stood at INR 792 Mn AMC Revenue up by 8% YoY and stood at INR 792 Mn SaaS and Subscription revenue up by 102% YoY and stood at INR 777 Mn Gross Margin, EBITDA and Net Profit Gross Margin is INR 2296 Mn in Q1 FY22, 56% of revenues grew from 53% in Q1 FY 21 EBITDA up by 48% YoY and stood at INR 1002 Mn in Q1 FY22 as against a INR 679 Mn in Q1 FY 21 Net Profit up by 73% YoY and stood at INR 737 Mn as against INR 426 Mn in Q1 FY 21 Digital led wins and implementations Q1 FY22 recorded 10 Digital led wins including 5 large Digital Transformation deal wins Intellect went live in 26 financial institutions across the world in Q1FY22 despite coming under pressure under the impact of the second wave of Covid in Indian delivery centers 8 New Implementations in Q1 FY 22 18 implementations with expanded product capabilities /additional Geographies Collections and Net DSO Collections for Q1 FY22 is INR 3099 Mn The Net Days of Sales Outstanding (DSO) is 131 days in Q1 FY22 as against 126 days in Q1 FY21 Investment in Product Development (Capitalised) is INR 286.9 Mn, against INR 269.2 Mn in Q1 FY21 Cash position Cash and Cash Equivalent is INR 2551 Mn as against INR 1918 Mn in Q1 FY21 Net cash as of Q1FY22 is at INR 2182 Mn as against INR 570 Mn in Q1 FY21 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." Result PDF