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HomeNewsBusinessEarningsHold Intellect Design Arena; target of Rs 990: Sharekhan

Hold Intellect Design Arena; target of Rs 990: Sharekhan

Sharekhan recommended hold rating on Intellect Design Arena with a target price of Rs 990 in its research report dated May 09, 2024.

May 15, 2024 / 11:37 IST
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    Sharekhan's research report on Intellect Design Arena

    Intellect Design Arena Ltd (Intellect) reported revenues of Rs. 613.7 crore, down 3.3%/0.3% on q-o-q and y-o-y respectively, missing our estimates of Rs. 63.7.3 crore owing to weakness in platform revenues due to absence of GeM revenue. EBITDA margin expanded 187 bps q-o-q to 22.5% beating our estimates of 21.7% in the absence of lower margin profile GeM revenues. Deal pipeline remained healthy at Rs. 8,138 crore, up 1.5% q-o-q/15.5% y-o-y. The company is guiding for 15% y-o-y revenue growth after adjusting for GeM and expects EBITDA margins to improve to 24% in FY25.

    Outlook

    Intellect Design Arena Ltd (Intellect) reported revenues of Rs. 613.7 crore, down 3.3%/0.3% on q-o-q and y-o-y respectively, missing our estimates of Rs. 63.7.3 crore owing to weakness in platform revenues due to absence of GeM revenue. EBITDA margin expanded 187 bps q-o-q to 22.5% beating our estimates of 21.7% in the absence of lower margin profile GeM revenues. Deal pipeline remained healthy at Rs. 8,138 crore, up 1.5% q-o-q/15.5% y-o-y. The company is guiding for 15% y-o-y revenue growth after adjusting for GeM and expects EBITDA margins to improve to 24% in FY25.

    For all recommendations report, click here

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    Sharekhan_Intellect150524

    Broker Research
    first published: May 15, 2024 11:37 am

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