Intellect Design Arena shines on reporting 34% rise in Q1 consolidated net profit
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Intellect Design Arena is currently trading at Rs. 668.15, up by 91.75 points or 15.92% from its previous closing of Rs. 576.40 on the BSE.
The scrip opened at Rs. 601.55 and has touched a high and low of Rs. 691.60 and Rs. 601.50 respectively. So far 333459 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 691.60 on 28-Jul-2023 and a 52 week low of Rs. 388.00 on 16-Mar-2023.
Last one week high and low of the scrip stood at Rs. 691.60 and Rs. 572.40 respectively. The current market cap of the company is Rs. 9348.98 crore.
The promoters holding in the company stood at 30.50%, while Institutions and Non-Institutions held 27.94% and 41.55% respectively.
Intellect Design Arena has reported 29.09% rise in its net profit at Rs 52.85 crore for the first quarter ended June 30, 2023 as compared to Rs 40.94 crore for the same quarter in the previous year. Total income of the company increased by 18.06% at Rs 434.76 crore for Q1FY24 as compared Rs 368.26 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 35.95% rise in net profit at Rs 93.63 crore for the quarter ended June 30, 2023 as compared to Rs 68.87 crore for the same quarter in the previous year. Total income of the company increased by 18.20% at Rs 651.34 crore for Q1FY24 as compared Rs 551.06 crore for the corresponding quarter previous year.
