Intellect Design Arena rises 8% as it turns profitable in Q4

Moneycontrol BureauShares of Intellect Design Arena advanced 8 percent intraday Tuesday on the back of strong Q4 numbers posted by the company.The company has recorded a net profit of Rs 14.1 crore versus loss of Rs 11.9 crore, QoQ.Its total income rose 10 percent at Rs 216. 7 crore against Rs 193.7 crore.However, the company has missed FY16 dollar revenue guidance as it has posted revenue growth at 24.5 percent versus estimated 26-30 percent. At 14:29 hrs Intellect Design Arena was quoting at Rs 240.55, up Rs 6.75, or 2.89 percent on the BSE.Posted by Rakesh Patil