Intellect Design Q3 PAT up 25.48% at Rs100.85cr on 37% yoy growth in EBITDA for Q3

29 Jan 2022 , 01:19 AM

Intellect Design Ltd reported 32.99% growth yoy in total revenues for the Dec-21 quarter on consolidated basis at Rs508.29cr. On a sequential basis, the revenues were higher for the quarter by 19.56%.

During the quarter, the dollar revenues also grew by 31% on yoy basis. The annualized recurring revenues (ARR) touched Rs686cr during the year. License linked revenues are up by 200 bps at 56% of total revenues for the quarter.

The company has cash of Rs431cr and zero debt on its books. The total DSO stands at approximately 129 days.

The consolidated Profit after tax (PAT) for the Dec-21 quarter was up 25.48% at Rs100.85cr on 37% growth in EBITDA.

However, the overall EBITDA growth was lower than the revenue growth if the cost of ESOPs was also included which is why the manpower costs actually led to lower operating profits growth and net profit growth.

Gross margins stood at 59% in the quarter. Net margins tapered from 21.03% in the Dec-20 quarter to 19.84% in the Dec-21 quarter. Net margins were higher sequentially by 120 bps.

Financial highlights for Dec-21 compared yoy and sequentially

	Intellect Design
Rs in Crore	Dec-21	Dec-20	YOY	Sep-21	QOQ
Total Income (Rs cr)	₹ 508.29	₹ 382.19	32.99%	₹ 425.14	19.56%
Net Profit (Rs cr)	₹ 100.85	₹ 80.37	25.48%	₹ 79.24	27.27%
Diluted EPS (Rs)	₹ 7.21	₹ 5.75		₹ 5.68
Net Margins	19.84%	21.03%		18.64%