Intellect Design Arena Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 09, 2024 at 06:34 am EDT
Share
Intellect Design Arena Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 6,136.67 million compared to INR 6,154.96 million a year ago. Revenue was INR 6,306.71 million compared to INR 6,269.19 million a year ago. Net income was INR 729.72 million compared to INR 906.55 million a year ago. Basic earnings per share from continuing operations was INR 5.37 compared to INR 6.73 a year ago. Diluted earnings per share from continuing operations was INR 5.15 compared to INR 6.44 a year ago.
For the full year, sales was INR 25,064.43 million compared to INR 22,312.52 million a year ago. Revenue was INR 25,654.11 million compared to INR 22,825.93 million a year ago. Net income was INR 3,211.88 million compared to INR 2,672.27 million a year ago. Basic earnings per share from continuing operations was INR 23.72 compared to INR 19.9 a year ago. Diluted earnings per share from continuing operations was INR 22.85 compared to INR 19.23 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 
