Intellect Design Arena Limited Reports Unaudited Standalone and Consolidated Earnings Results for Third Quarter and Nine Months Ended December 30, 2017
January 30, 2018 at 03:41 am
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Intellect Design Arena Limited reported unaudited standalone and consolidated earnings results for third quarter and nine months ended December 30, 2017. For the quarter, the company’s revenue from operations was INR 1,781.128 million compared to INR 1,248.906 million a year ago. Profit before share of profit or loss of associates, joint venture and tax was INR 178.593 million against loss of INR 215.901 million a year ago. Profit before tax was INR 178.593 million compared to loss of INR 215.901 million a year ago. Profit for the period attributable to owners of the company was INR 175.404 million or INR 1.49 per diluted share compared to loss of INR 215.901 million or INR 2.02 per diluted share for the same period a year ago.
For the nine months, the company’s revenue from operations was INR 4,539.945 million compared to INR 3,809.806 million a year ago. Profit before share of profit or loss of associates, joint venture and tax was INR 10.359 million against loss of INR 312.235 million a year ago. Profit before tax was INR 10.359 million compared to loss of INR 312.235 million a year ago. Profit for the period attributable to owners of the company was INR 7.170 million or INR 0.06 per basic and diluted share compared to INR loss of 312.235 million or INR 2.92 per basic and diluted share for the same period a year ago.
For the quarter, on consolidated basis, the company’s revenue from operations was INR 2,706.749 million compared to INR 2,264.568 million a year ago. Profit before share of profit or loss of associates, joint venture and tax was INR 112.483 million against loss of INR 137.274 million a year ago. Profit before tax was INR 146.413 million compared to loss of INR 123.098 million a year ago. Profit for the period attributable to owners of the company was INR 135.585 million or INR 1.03 per diluted share compared to loss of INR 160.048 million or INR 1.49 per basic and diluted share for the same period a year ago. EBITDA was INR 160.779 million compared to LBITDA of INR 184.757 million a year ago.
For the nine months, on consolidated basis, the company’s revenue from operations was INR 7,803.175 million compared to INR 6,632.235 million a year ago. Profit before share of profit or loss of associates, joint venture and tax was INR 355.678 million against loss of INR 335.048 million a year ago. Profit before tax was INR 358.426 million compared to loss of INR 272.624 million a year ago. Profit for the period attributable to owners of the company was INR 208.546 million or INR 1.77 per diluted share compared to loss of INR 371.574 million or INR 3.47 per basic and diluted share for the same period a year ago.
Intellect Design Arena Limited is an India-based holding company. The Company is engaged in the business of software development and providing software product licenses and related services. The Company has a portfolio of products across Global Consumer Banking, Global Transaction Banking and IntellectAI. The Company offers a suite of platforms and products spread across core banking, lending, cards, treasury, digital banking, and central banking are built on eMACH.ai (event-driven, microservices-based, API-enabled, cloud-native, headless with underlying AI models). Its platforms include eMACH.ai, Cash Cloud, iColumbus, Xponent, iKredit360, and GeM. The eMACH.ai, is the open finance platform that offers banks and financial institutions the ability to compose their own My Signature Solution. Cash Cloud is a cloud-native, composable, fully-integrated cash management platform. iKredit360 is a composable technology platform that enables institutions to curate credit experiences.
Intellect Design Arena Limited Reports Unaudited Standalone and Consolidated Earnings Results for Third Quarter and Nine Months Ended December 30, 2017