Intense Technologies records profit of Rs11.94cr in March quarter

Sales declined marginally by 0.72% to Rs30.52cr in the quarter ended March 2021 as against Rs30.74cr during the previous quarter ended March 2020.

Jun 14, 2021 04:06 IST India Infoline News Service

Intense Technologies
Intense Technologies Limited posted a net profit of Rs11.94cr in the quarter ended March 2021 as against Rs12.02cr during the previous quarter ended March 2020.

Sales declined marginally by 0.72% to Rs30.52cr in the quarter ended March 2021 as against Rs30.74cr during the previous quarter ended March 2020.

The Board of Directors recommends 20% dividend per equity share of FV Rs2/-.

The stock ended at Rs76.75 up by Rs0.75 or 0.99% from its previous closing of Rs76 on the BSE. The scrip opened at Rs81.90 and has touched a high and low of Rs81.90 and Rs74.60 respectively.

Commenting on the performance during the period under review, C.K. Shastri, Chairman and Managing Director, Intense Technologies, said, “The operating environment was upended by the pandemic in fiscal year 2021. The pandemic and the road to recovery has made it an imperative for businesses to enable their services, and enhance customer support and CX through digital channels, and we are geared for seizing this opportunity. During the year, we saw a notable shift in the domestic digital landscape led by many companies rethinking their digital strategy and those engaged with us already enhancing the scope of services.”

“Our performance during FY21 captures new business wins and deeper engagements within Telecommunications, and BFSI, while strengthening traction in new verticals like Utilities and Government Services. Combining strategies with System Integrators, we are set to penetrate global markets, explore multi-layered opportunities across enterprises and are determined to stay ahead in a customer-first, digital only world. Our flagship UniServe NXT digital suite of solutions are the need of the hour for enterprises trying to reduce their IT operations costs due to complex legacy infrastructure, build competitive edge due to personalized CX.

With right technology, low-code capabilities, amplified with digital workflows, AI, BPM, and Robotic Process Automation (RPA) our digital solutions have the agility to respond at the pace of change. Our partners, system integrators provide speed, multidimensional capabilities while building new and better go-to-market solutions. Given that our engagements are broadening, we will demonstrate strength in our base business supported by our robust annuity pricing model. As businesses evolve into a digital society, I see more growth opportunities, and improved efficiencies from a fully integrated and trusted ecosystem,” C.K. Shastri added.

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