Intellect Design Arena shares in focus after it wins 35 credit union deals from Canada

Synopsis: Intellect Design Arena has secured a major international win by partnering with 35 credit unions across Canada to modernise their digital banking platforms, offering digital onboarding, account management, payments, and self-service banking solutions through its cloud-based platform.

The shares of this fintech company engaged in delivering composable and intelligent solutions to forward-looking financial institutions were in focus after partnering with 35 credit unions across Canada. 

With the market capitalization of Rs. 14198 Crores, the shares of the Intellect Design Arena were trading at around Rs. 1012, it is trading at a discount of 17 per cent from its 52-week high of Rs. 1225. The stock is trading at a P/E of 35 whereas the industry P/E stands at 26

What is the NEWS:

Intellect Design Arena has announced that it has won digital banking transformation deals with 35 credit unions across Canada, spread over 8 provinces. These credit unions together manage over $13 billion in assets and serve more than 3.73 lakh members. Intellect will deploy its eMACH.ai Digital Engagement Platform, which is a cloud-based (SaaS) digital banking solution.

Also the company has recently updated that it has decided not to proceed with a proposed UK joint venture after reassessing market conditions. Due to unfavourable regulatory changes impacting UK SMEs, the business case no longer met return expectations, and the company clarified that this decision has no impact on its existing operations or growth strategy.

Company Overview and Financial Highlights

Intellect Design Arena is a leading enterprise-grade financial technology company that delivers composable and intelligent solutions to forward-looking financial institutions. The company offers services across multiple segments, including consumer banking, wholesale banking, central banking, wealth management, capital markets, insurance, and digital technology for commerce, and serves over 500 customers across 61 countries.

Its key platforms eMACH.ai, Purple Fabric, and iTurmeric enable seamless integration and configuration of financial systems, supporting efficient and scalable digital transformation for financial institutions worldwide.

Year on Year analysis: Its revenue from operations has increased from Rs. 558  Crores to Rs. 758 Crores, up 35.8 percent. Operating income has increased from Rs. 81 Crores to Rs. 153 Crores, up 89 percent. Net profit has increased from Rs. 52 crores to Rs. 102 Crores, up 96 percent. 

Quarter on Quarter analysis: Its revenue from operations has increased on a quarter on quarter basis  from Rs.702 Crores to Rs. 758 Crores, up 8 percent. Operating income has increased from Rs. 142 Crores to Rs. 153 Crores, up 7.7 percent. Net profit has increased from Rs. 94 crores to Rs. 102 Crores, up 8.5 percent. 

Written By Vachan Kadli 

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