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
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.