Smaller companies have had a good run in September quarter. This suggests that such stocks can give good returns even as the market volatility ensues.
Net Sales are expected to increase by 3.5 percent Q-o-Q (up 31.8 percent Y-o-Y) to Rs. 318 crore, according to HDFC Securities.
Intellect Design Arena posted a poor set of earnings in Q3 as margins took a hit while revenue growth remained flattish. In an interview with CNBC-TV18, Arun Jain, Chairman and Managing Director of the company spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Arun Jain, CMD of Intellect Design Arena discussed the company's Q2 performance.
Volatility in global market due to Brexit and US Presidential election worries is creating uncertainty on investments and is the reason for lowering our revenue growth guidance for the year says Arun Jain, Chairman & MD of Intellect Design Arena.
In an interview to CNBC-TV18, CMD Arun Jain shared details on the performance and expectations for the upcoming quarters.
Arun Jain, Chairman and Managing Director of Intellect Design Arena says the company is on track to achieve its revenue guidance of Rs 1200-crore by FY18, adding, the target is to maintain gross margin between 50-53 percent..
Arun Jain, CMD, Intellect Design Arena of the company is confident of achieving annual revenue guidance of 26-30 percent on back of robust deal pipeline.
Intellect Design Arena Ltd, a Polaris Group company, has reported a net loss of Rs 7.94 crore for the three month period ending September 30.
Arun Jain, CMD of Intellect Design Arena says the two new overseas deal in core banking solutions will help company break the barriers of trade with America.
In an interview with CNBC-TV18, Intellect Design Arena's chairman and managing director, Arun Jain said revenue spillover of USD 2.5 million from last quarter of FY15 boosted growth in the June quarter.
Intellect Design Arena has reported weak set of numbers with a loss of close to Rs 30 crore that they have reported this quarter versus a loss of Rs 16 crore last quarter. Arun Jain, Chairman & Managing Director of Intellect Design Arena spoke about company‘s results.