Q4 Results Reaction: Intellect Design Arena shares tank 15.5% on weak Q4
₹85 crore in Q4FY24 as against ₹91 crore in the corresponding quarter last year. The firm informed that its net profit was without considering the one-off exceptional item of MAT credit write-off of ₹12.51 crore. Read here: SBI shares extend gains as analysts remain bullish after upbeat Q4 results Meanwhile, its total revenue for the quarter under review fell 1.4 percent YoY to ₹612 crore on the back of the termination of the Government e-Marketplace (GeM) contract.
On the operating front, its Earnings before interest, taxes, depreciation, and amortisation (EBITDA) margins were flat at 22.2 percent YoY (and up 130 bps QoQ), the muted margin was due to 15 percent YoY increase in employee expenses. The stock shed as much as 15.5 percent to its day's low of ₹864.35. It is now 28 percent away from its peak of 1,198.80, hit on March 15, 2024.
However, it has still soared 89 percent from its 52-week low of ₹457.60, hit on May 11, 2023. Read here: BPCL, HPCL shares jump up to 5% post-Q4 earnings, should you buy, sell, or hold? In the last one year, the stock has delivered multibagger returns of 124 percent, outperforming benchmark Nifty 50 which has risen 20 percent during this period. However, it is up just 3.6 percent in 2024 YTD.
The stock has lost 17.5 percent in May so far, extending losses for the third straight month. However, it rose 23 percent in February and 7.6 percent in January this year. Among other details, the company’s board has also recommended a final dividend of ₹3.50 per share of the face value of ₹5 for the financial year ended March 31, 2024.
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