Intellect Design Arena’s net loss has narrowed down in FY16

Intellect Design Arena (IDAL) declared its Q4FY16 results on May 3. The company’s revenue has increased by 11.82 per cent to Rs 217 crore in Q4FY16 as compared to previous quarter. It has reported EBITDA of Rs 4.06 crore in Q4FY16 against negative EBITDA of Rs 32.55 crore in Q3FY16. IDAL’s EBITDA margin stansd at 1.87 per cent in Q4FY16. The company has posted net profit of Rs 14.14 crore in Q4FY16 against net loss of Rs 11.91 crore in Q3FY16. Its net profit margin stands at 6.53 per cent in Q4FY16.

On yearly basis, IDAL’s top line has increased by 33.17 per cent to Rs 811 crore in FY16 as compared to previous fiscal year. The company’s EBITDA loss has narrowed down to Rs 31.19 crore in FY16 against EBITDA loss of Rs 80.3 crore in FY15. It has posted a negative bottom line at Rs 16.84 crore in FY16 which has been lowered by about one fifth of the previous financial year's bottomline.

IDAL bagged about 50 digital led wins in FY16 including 11 wins in Q4FY16. The company has launched 26 digital led financial technology products including 4 new products launched during FY16. It also unveiled iGTB Release 16, including Apple Watch Support & Artificial Intelligence powered KYC solution and  Digital Distribution Suite for the UK Life and Pension markets.

The share price of IDAL has declined by 5.12 per cent on bourses and closed at Rs 213.05 on an intraday basis.

IDAL is in the business of providing financial technology for banking, insurance and other financial services. The company's product portfolio includes global consumer banking, central banking, risk and treasury management, global transaction banking, and insurance. It is also engaged in the business of software development.