India's Intellect Design Arena slumps on Q1 profit decline

Intellect Design Arena

25/07/2025 09:04

** Shares of Intellect Design Arena INEE.NS fall as much as 6.6% to 1,065 rupees, marking their steepest intraday percentage loss since April 7

** Software development co posts 31.3% Y/Y decline in June-qtr consolidated net profit; revenue from ops. drops 3.3% Y/Y

** More than 693,000 shares change hands, 1.4x of 30-day avg

** INEE rated "buy" by 4 analysts on average; median target price is 960 rupees – data compiled by LSEG

** Stock up 13% YTD

(Reporting by Rudra Pratap Singh in Bengaluru)

((rudrapratap.singh@thomsonreuters.com))