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Dolat Capital Report
Intellect Design Arena Ltd. reported 8.9% YoY growth (our estimate: 8.6%) in dollar revenue.
Ebit margin declined 58 basis points QoQ to 20% (our estimate: 20.9%) due to marginal uptick in selling general and administrative expenses (up 7.5%).
Management remains confident on sustaining revenue traction as they guide for double digit growth in FY22 (the company expects 14% compound annual growth rate over next five years) backed by strong funnel at $573 million (up by 11.9% YoY) and robust deal win momentum (added 32 deal wins including 15 large deal win) in FY21.
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