Hem Securities report on Intellect Design Arena
Intellect Design Arena Ltd Q4FY22 consolidated revenues came in at ₹509.4 Cr, up 28.1% YoY and up 0.2% QoQ. EBITDA for Q4FY22 stood at ₹120.6 Cr, up 20.6% YoY and down 9.3% QoQ. EBITDA margins for Q4FY22 came at 23.6% as compared to 26.2% in Q3FY22 and 25.1% in Q4FY21. PAT for Q4FY22 stood at ₹95.3 Cr, up 16.0% YoY and down 5.8% QoQ.
Outlook
We give a “BUY” rating on the stock and value the stock at 21.5x FY24E earnings to arrive at the target of ₹768.
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