Intellect Design Arena reports 296% growth in profit to Rs 314.7 mn in Q2

Performance driven by strong contribution from large transformation deal wins from Asia and Australia, says chairman and managing director

Intellect Design Arena Ltd has reported a 296 per cent growth in profit to Rs 314.7 million during the second quarter of financial year 2019 as compared to Rs 79.5 million in the corresponding period of the previous year.    

Total revenues for the second quarter grew 42 per cent year on year (Y-o-Y) and stood at Rs 3.80 billion as against Rs 2.68 billion in the same quarter last year.

In dollar terms, Q2 FY19 revenue grew by 30 per cent Y-o-Y and stood at $54.28 million, as against $41.75 million in the same quarter last year. 

Arun Jain, chairman and