Intellect Design soars 15% as total income rises 19% YoY in Q1FY24

Shares of Intellect Design Arena soared 15 per cent to Rs 665 per share in Friday’s intra-day trade, after the company’s total income rose 19 per cent year-on-year (YoY) to Rs 644.3 crore in the April-June quarter of fiscal year 2023-24 (Q1FY24).

So far this calendar year (CY23), Intellect Design has rallied 47 per cent, as against a 9 per cent jump in the S&P BSE Sensex. On a month-to-date (MTD) basis, the stock has moved up by 4 per cent.

In the recently concluded quarter, the software and consulting firm’s profit-after-tax (PAT) increased 36 per cent YoY to Rs 93 per share, while earnings before interest, tax, depreciation, and amortisation (Ebitda) jumped 33 per cent YoY to Rs 155 crore.