This Mukul Agrawal-owned stock zooms 12% on decent Q4 numbers
The Chennai-based fintech firms consolidated profit declined marginally by 4 per cent to Rs 91 crore in the quarter ended on March 31, 2023, as compared to Rs 95 crore in a year ago quarter.
Ace investor Mukul Mahavir Agrawal-owned Intellect Design Arena shares spurted more than 12 per cent to Rs 522.55 per share on the BSE during Friday’s trade, a day after the computer software consulting company announced its earnings for the March quarter of the previous fiscal year.
Intellect Design Q4 results
Chennai-based fintech firm’s consolidated profit declined marginally by 4 per cent to Rs 91 crore in the quarter ended on March 31, 2023, as compared to Rs 95 crore in a year ago quarter.
Intellect Design for the first time ever breached the Rs 2,000 crore yearly revenue mark and registered around 21 per cent growth in the top line in the financial year 2022-23 (FY23), while during the March quarter, it rose by 24 per cent to Rs 621 crore against Rs 500 crore year-on-year.
Ace investor's favourite stock
Mukul Mahavir Agrawal, a celebrity investor of the Indian stock market, held 25,00,000 equity shares or 1.84 per cent stake in Intellect Design, as per March 2023 shareholding pattern of the company.
The renowned investor, whose portfolio is keenly watched by Street, publicly holds 58 stocks with a net worth of over Rs 3,092.3 crore as of May 12, 2023, according to the stock analysis website trendlyne.com.
Intellect Design Dividend 2023
Intellect Design’s board has recommended a final dividend of Rs 2.50 per share on the face value of Rs 5 each on equity shares, for the financial year ended March 31, 2023, subject to the approval of shareholders at the ensuing Annual General Meeting, the company said in the filing.
It added that the dividend shall be paid within 30 days from the date of declaration.
Intellect Design share price
Intellect Design's share price in the last one year has declined by over 10 per cent, while it has surged by 15 per cent year-to-date. The counter is up almost 20 per cent in a month period.
Intellect Design Arena has the world’s largest cloud-native, API-led microservices-based multi-product platform for global leaders in banking, insurance, and capital markets.
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