Total revenue stood at Rs 635 crore in Q3 FY24, registering a growth of 14% from Rs 555 crore recorded in the same period a year ago.

License linked revenue (license + platform + AMC) was at Rs 347 crore in Q3 FY24, registering a growth of 23% from Rs 282 crore in Q3 FY23.

Profit before tax jumped 38% year on year (YoY) to Rs 115.70 crore during the quarter under review.

Total expenses jumped 11.64% YoY to Rs 538.3 crore in Q3 FY24 as compared with Rs 482.19 crore in Q3 FY23. Employee benefits expenses stood at Rs 338.81 crore (up 13.75% YoY).

EBITDA stood at Rs 132 crore in Q3 FY24, up 26% as compared with Rs 105 crore in Q3 FY23. EBITDA margin was 20.7% in Q3 FY24 as against with 18.9% posted in Q3 FY23.

Gross margin stood at Rs 347 crore in Q3 FY24, registering a growth of 15% as against Rs 301 crore in Q3 FY23.

During the quarter, collections stood at Rs 591 crore. Cash and cash equivalent was at Rs 712 crore at the end of Q3 FY24.

Total days of sales outstanding (DSO) is 107 days - global business excluding India was at 103 days in Q3 FY24 and India DSO stood at 117 days.

The company stated that Intellect’s composable and contextual products and platforms suite powered by eMACH.ai architecture has won 14 new deals in Q3 FY24. Furthermore, 13 global financial institutions had executed their digital transformations using Intellect Platforms and Product stacks.

Arun Jain, chairman and managing director, Intellect Design Arena, said, "eMACH.ai has built a great traction in all the six spaces of financial technology modernisation i.e. core banking, digital transaction banking, lending, wealth, trade & supply chain finance and insurance underwriting. 14 platform wins during the quarter is a validation of our next gen architecture and technology."

Intellect Design Arena has a comprehensive portfolio of products across Global Consumer Banking, Central Banking, Risk & Treasury Management, Global Transaction Banking and Insurance and is engaged in the business of software development.

The scrip shed 0.52% to end at Rs 910.25 on Thursday, 25 January 2024.