Invest
27 Years
4.4 Star
1 Crore +
IT Software Products company Intellect Design Arena announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
Revenue:
- Total revenue for Q4FY24 stood at Rs 612 crore as against Rs 621 crore in Q4FY23
Platform, License and AMC Revenue:
- Platform revenue for Q4FY24 is Rs 56 crore as against Rs 114 crore in Q4FY23
- License revenue for Q4FY24 is Rs 134 crore as against Rs 113 crore in Q4FY23 - grew 18% YoY
- AMC revenue for Q4FY24 is Rs 118 crore as against Rs 106 crore in Q4FY23 - grew 11% YoY
- License linked revenue (License Platform AMC) is Rs 307 crore in Q4FY24 as against Rs 333 crore in Q4FY23
Gross Margin and EBITDA
- Gross Margin is Rs 354 crore in Q4FY24 as against Rs 349 crore in Q4FY23
- EBITDA is Rs 137 crore in Q4FY24 as against Rs 143 crore in Q4FY23
Profit After Tax
- Profit after Tax (is without considering one-off exceptional item of MAT credit write-off of Rs 12.51 crore in Q4FY24) is Rs 85 crore in Q4FY24 as against Rs 91 crore in Q4FY23
Collections
- Collections for Q4FY24 are Rs 570 crore
FY24 Financial Highlights:
Revenue:
- Total revenue for FY24 stood at Rs 2,513 crore - grew 12% YoY
Platform, License and AMC Revenue:
- Platform revenue for FY24 is Rs 455 crore
- License revenue for FY24 is Rs 445 crore - grew 35% YoY
- AMC revenue for FY24 is Rs 448 crore - grew 17% YoY
- License-linked revenue (License Platform AMC) is Rs 1,349 crore in FY24 - grew 15% YoY
Gross Margin and EBITDA
- Gross Margin is Rs 1,404 crore in FY24
- EBITDA is Rs 549 crore in FY 23-24, i.e. 22% of the revenue
- EBITDA excluding ESOP cost is Rs 596 crore, i.e. 24% of the revenue
PAT
- Profit after Tax (is without considering one-off exceptional item of MAT credit write-off of Rs 12.51 crore in Q4 24) is Rs 334 crore in FY24
Collections
- Collections for FY24 are Rs 2,330 crore
Arun Jain, Chairman and Managing Director, Intellect Design Arena, said, “eMACH.ai is a very foundational and disruptive suite to dramatically simplify Banking and Insurance technology world especially for Transforming Core banking, Lending, Wealth, Corporate, Trade and Underwriting platforms. Zip coded 329 Microservices, 535 events and over 1757 APIs is the most comprehensive Open Finance Vault for designing customer desirability-based solutions vs traditional product pivoted solutions.
iTurmeric, the Codeless platform helps in composing and integrating the signature solutions using zip coded Microservices, API and Events in less than half the time and half the efforts.
Purple Fabric has moved the needle of AI to Enterprise Connected Intelligence. The platform connected 5 rich knowledge banks from Structured Data, Document Knowledge, Operations Knowledge, Regulatory Knowledge and Market Knowledge to Expert Agents or Co-pilots using 8 Intellect Proprietary technologies and models with customer chosen Generative AI Models safely within Enterprise IT ecosystem.
Palpably an exciting time.”
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