India's Intellect Design Arena rises as Q2 profit nearly doubles

Intellect Design Arena

31/10/2025 08:09

** Intellect Design Arena INEE.NS rises 6% to 1106.39 rupees

** Banking and insurance software company's Q2 profit nearly doubles

** Stock opened 0.6% above last close, jumped as much as 7.85% ahead of results

** Co says future outlook positive, reflected in deal funnel crossing 120 billion rupees ($1.37 billion)

** Attributes 34% y/y revenue growth to AI-based open finance platform eMACH.ai, enterprise AI adoption platform Purple Fabric

** Stock rated "buy" on avg; median PT is 1,148.5 rupees - per data compiled by LSEG

** YTD, INEE gains 17.02%

($1 = 87.8950 Indian rupees)

 (Reporting by Abhirami G and Bharath Rajeswaran in Bengaluru)

 ((abhirami.g@thomsonreuters.com))