/images/ppid_59c68470-image-176977757447937452.webp)
What is the story about?
Intellect Design Arena Ltd on Friday (January 30) reported a 72% quarter-on-quarter decline in net profit to ₹28.4 crore for the third quarter, compared with ₹102 crore in the previous quarter.
Revenue for the quarter declined 3.5% sequentially to ₹731.3 crore from ₹758 crore, while EBIT fell 48% to ₹59.6 crore from ₹116.3 crore. Operating margin for the quarter stood at 8.1%, compared with 15.3% in the previous quarter.
The company booked a one-time gratuity cost of ₹30.34 crore (standalone) and ₹30.84 crore (consolidated) during the quarter due to the new Labour Codes. This was shown as an exceptional item and reduced quarterly profit, but is not a recurring expense.
Also Read: Defence Budget 2026: Industry seeks long-term policy clarity to scale defence manufacturing
Earlier on 27 January, company had informed exchange that it is accelerating its expansion in the US market with an AI-first payments platform aimed at supporting banks’ adoption of real-time payments.
The company said the platform is designed to help financial institutions build payment systems focused on speed, resilience and scalability, as demand for instant payments continues to rise.
According to the company, the US real-time payments market is projected to reach $2 billion by 2030, growing at an annual rate of 40%. It cited data indicating strong demand from businesses for instant payments, while noting that a significant proportion of banks are yet to join instant payment networks, which it said presents an opportunity for institutions looking to upgrade their payments infrastructure.
Also Read: Market ends lower, Nifty slips below 25,350 as metal stocks drag
Shares of Intellect Design Arena rose 1.58% to ₹917.20 on the NSE on Friday.
Revenue for the quarter declined 3.5% sequentially to ₹731.3 crore from ₹758 crore, while EBIT fell 48% to ₹59.6 crore from ₹116.3 crore. Operating margin for the quarter stood at 8.1%, compared with 15.3% in the previous quarter.
The company booked a one-time gratuity cost of ₹30.34 crore (standalone) and ₹30.84 crore (consolidated) during the quarter due to the new Labour Codes. This was shown as an exceptional item and reduced quarterly profit, but is not a recurring expense.
Also Read: Defence Budget 2026: Industry seeks long-term policy clarity to scale defence manufacturing
Earlier on 27 January, company had informed exchange that it is accelerating its expansion in the US market with an AI-first payments platform aimed at supporting banks’ adoption of real-time payments.
The company said the platform is designed to help financial institutions build payment systems focused on speed, resilience and scalability, as demand for instant payments continues to rise.
According to the company, the US real-time payments market is projected to reach $2 billion by 2030, growing at an annual rate of 40%. It cited data indicating strong demand from businesses for instant payments, while noting that a significant proportion of banks are yet to join instant payment networks, which it said presents an opportunity for institutions looking to upgrade their payments infrastructure.
Also Read: Market ends lower, Nifty slips below 25,350 as metal stocks drag
Shares of Intellect Design Arena rose 1.58% to ₹917.20 on the NSE on Friday.
/images/ppid_a911dc6a-image-176977583640934541.webp)
