Intellect Design Arena Ltd registers Rs 42.98 crore profit

Intellect Design Arena Ltd, a global leader in financial technology, has clocked Rs 42.98 crore profit after tax for the fourth quarter ending March 31, 2019, a 66.12 per cent growth compared to the year-ago period. The city-based firm had clocked profit after tax at Rs 25.87 crore in the year-ago period.

For the financial year ending March 31, 2019, the net profit of the company surged to Rs 131.35 crore up by 181.10 per cent from Rs 46.73 crore. Revenue for the quarter ending March 31 grew to Rs 397.58 crore as against Rs 302.89 crore in the year-ago period.

For the full year ending March 31, 2019, revenue grew by 36.4 per cent to Rs 1,458.73 crore from Rs 1,069.48 crore, a company release said.