Press Release9 May 2024, 10:09 pm
Intellect Design Arena Ltd Announces INR 2513 Crore Revenue for FY24, with 52 New Deals and 18 Digital Transformations
AI Summary
Intellect Design Arena Ltd, a cloud-native FinTech company, announced its financial results for Q4 and FY24. Revenue for the quarter stood at INR 612 Cr, with Platform, License, and AMC revenues at INR 56 Cr, INR 134 Cr, and INR 118 Cr respectively, representing growth of 18% and 11% YoY in License and AMC revenues. Gross margin and EBITDA were INR 354 Cr and INR 137 Cr respectively. The company's collections for Q4 were INR 570 Cr. For the fiscal year 2024, Intellect Design Arena reported a total revenue of INR 2513 Cr, marking a 12% YoY growth. The company secured 52 new deals and completed digital transformations for 18 global financial institutions.
Key Highlights
- Intellect Design Arena reported INR 2513 Cr revenue for FY24, a 12% YoY growth.
- Platform revenue for Q4 FY24 was INR 56 Cr, with License and AMC revenues at INR 134 Cr and INR 118 Cr respectively, representing growth of 18% and 11% YoY.
- Gross margin and EBITDA for Q4 FY24 were INR 354 Cr and INR 137 Cr respectively.
- Intellect Design Arena secured 52 new deals and completed digital transformations for 18 global financial institutions.