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Intellect Design Arena Ltd Q2FY24; 54% rise in Profits

Incorporated in 2011, Intellect Design Arena Limited works globally in the fields of Financial Technology for Banking, Insurance and other Financial Services. The company has a comprehensive portfolio of products across Global Consumer Banking, Central Banking, Risk & Treasury Management, Global Transaction Banking and Insurance and is also engaged in the business of software development.

Financial Results:

  • Intellect Design Arena Ltd reported Revenues for Q2FY24 of ₹619.00 Crores up from ₹528.00 Crore year on year, a rise of 17.23%.
  • Total Expenses for Q2FY24 of ₹536.00 Crores up from ₹476.00 Crores year on year, a rise of 12.61%.
  • Consolidated Net Profit of ₹71.00 Crores up 54.35% from ₹46.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹5.16, up 52.66% from ₹3.38 in the same quarter of the previous year.
Tags: Finance
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