Intellect Design Arena Limited Reports Unaudited Standalone and Consolidated Earnings Results for Second Quarter and Six Months Ended September 30, 2018
October 25, 2018 at 05:35 am EDT
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Intellect Design Arena Limited reported unaudited standalone and consolidated earnings results for second quarter and six months ended September 30, 2018. For the quarter, the company’s revenue from operations was INR 2,530.412 million compared to INR 1,541.615 million a year ago. Total income was INR 2,636.463 million against INR 1,613.121 million a year ago. Profit after tax was INR 505.327 million or INR 3.97 per basic share and INR 3.83 per diluted share compared to INR 52.630 million or INR 0.48 per basic share and INR 0.47 per diluted share for the same period a year ago.
For the six months, the company’s revenue from operations was INR 4,477.149 million compared to INR 2,791.068 million a year ago. Total income was INR 4,996.940 million against INR 2,886.664 million a year ago. Profit after tax was INR 1,089.965 million or INR 8.61 per basic share and INR 8.34 per diluted share compared to loss of INR 173.736 million or INR 1.58 per basic share and INR 1.58 per diluted share for the same period a year ago.
For the quarter, on consolidated basis, the company’s revenue from operations was INR 3,803.709 million compared to INR 2,684.746 million a year ago. Total income was INR 3,959.281 million against INR 2,752.317 million a year ago. Profit after tax was INR 321.404 million or INR 2.47 per basic share and INR 2.39 per diluted share compared to INR 99.262 million or INR 0.72 per basic share and INR 0.71 per diluted share for the same period a year ago.
For the six months, on consolidated basis, the company’s revenue from operations was INR 6,792.293 million compared to INR 5,096.426 million a year ago. Total income was INR 7,373.728 million against INR 5,193.862 million a year ago. Profit after tax was INR 761.783 million or INR 5.93 per basic share and INR 5.74 per diluted share compared to INR 157.306 million or INR 0.79 per basic share and INR 0.78 per diluted share for the same period 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 Reports Unaudited Standalone and Consolidated Earnings Results for Second Quarter and Six Months Ended September 30, 2018