Intellect Design Arena – Ebitda Margins Disappoint In Q1: ICICI Direct

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Intellect Design Arena Ltd. provides software products to retail, corporate banking, insurance and treasury.

The company has guided for mid-teens to high teen growth in revenues (no change) in FY22 as digital acceleration is providing further opportunities as reflected in the increased funnel.

The funnel for Q1 FY22 is at Rs 4,630 crore, up 11% QoQ. Ebitda margins are expected to be in the range of 25-30%.

The company did mention that Ebitda margins for FY22 would have few headwinds like increase in employee costs because of demand-supply mismatch that the industry has been facing.

Intellect Design Arena foresees incremental opportunities in digital. To cater to the same, they expect elevated manpower costs.

Click on the attachment to read the full report:

ICICI Direct Intellect Company Update.pdf


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