Mukul Agrawal-backed shares surge 21% in just four days after nearly doubling second-quarter profits to Rs 102 crore. Are you an owner?

Shares of top investor Mukul Agrwala-backed Intellect Design Arena rose as much as 10% to a high of Rs 1,245 on the NSE on Monday, November 3, after it reported a strong performance for the second quarter of FY26. The stock is up 21% in the past four days.The company’s profit after tax rose 94% year-on-year to Rs 102 crore, compared to Rs 53 crore in the same period last year. Revenue for the quarter stood at Rs 789 crore, up 34% from Rs 587 crore in Q2 FY25, driven by robust growth in the platform, licensing and AMC businesses.

Platform revenue rose 200% year-on-year from Rs 46 crore to Rs 137 crore, while licensing revenue rose 69% to Rs 144 crore, compared to Rs 85 crore in the corresponding quarter last year. AMC revenues rose 19% from Rs 120 crore to Rs 143 crore. Overall, license-related revenues – including licenses, platform and AMC – rose 69% to Rs 423 crore, compared to Rs 250 crore a year ago.

EBITDA grew 68% year-on-year to Rs 184 crore, compared to Rs 110 crore in the second quarter of FY25, on the back of improved operational performance. Collections during the quarter stood at Rs 753 crore, compared to Rs 550 crore last year, while cash and cash equivalents rose to Rs 927 crore from Rs 755 crore.

On the business front, Intellect’s eMACH.ai platform continued to gain popularity, adding 18 new customers during the quarter. The company also announced that 22 global financial institutions have gone live on its digital platforms, marking significant progress in its ongoing digital transformation initiatives.

Intellect Design provides financial technology solutions to banks, insurance companies and other financial institutions. The company specializes in software and platforms for a wide range of financial services, including consumer banking, central banking, transaction banking and insurance, helping customers with their digital transformation. Arun Jain, Chairman and Managing Director, said, “Q2 was a quarter of strong execution and platform synergy. Our 34% YoY growth to Rs 789 Cr reflects how global institutions are embracing the combined power of eMACH.ai for composable transformation and Purple Fabric for governance-first Business Impact AI. With accuracy, traceability and open architecture at the core, we are helping financial institutions modernize with less risk and faster speed. This performance validates our strategic investments and reinforces our confidence in a strong pipeline and a future growth trajectory.” Mukul Mahavir Agrawal has a 1.44% stake in the company. At around 2 pm, the company’s shares were trading at Rs 1,197, 6% higher than the last close of the NSE. Shares of Intellect Design are up 47% in the past six months.

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