Intense Technologies Limited — Important, 13-02-2025: Financial Result Updates

Intense Technologies Limited has announced a board meeting to discuss the un-audited financial results for the quarter and nine months ended December 31, 2024.

Consolidated revenue from operations for the quarter stands at ₹33.26 crore, reflecting a robust growth of 22.6% year-over-year from ₹27.14 crore in the same period last year. The increase is attributed to improved demand for software products and expansion into new markets. Total income for the quarter reached ₹34.68 crore.

Net profit for the quarter is reported at ₹3.09 crore, a decrease of 28.4% from the previous year’s profit of ₹4.30 crore. The decline in profitability stems from increased operational costs, particularly in employee benefits expenses, which rose to ₹14.65 crore, reflecting a 9.8% increase year-over-year, as well as higher IT infrastructure costs.

Total expenses for the quarter were ₹31.09 crore, a significant increase from ₹22.25 crore, driven by increases in employee expenses and consulting costs.

The balance sheet remains solid, with total equity increasing to ₹12,423.59 crore, indicating good financial health despite the recent profit drop.

Considering the financial performance and market conditions, a hold position seems prudent while monitoring cost management initiatives and potential market recovery.