Intellect Design Arena shares surged up over 10% on Friday after the company posted its earnings for the quarter ended March. As per the latest shareholding data, ace investor Mukul Agrawal owns a 1.84% stake in the company.
What Happened: The company’s consolidated revenue from operations jumped up close to 21% year-over-year 615.5 crore in the March quarter. EBITDA for the quarter stood at 142.80 crore, up 28% from the year-ago period.
The software company’s net profits, however, dipped 4.83% to ₹90.66 crore. However, sequentially the profits were up over 46%. The company also announced a ₹2.50/share dividend for the year ended March 2023.
Now, with the massive surge today, backed by the strong Q4 numbers, here’s how much Intellect Design added to Agrawal’s net worth today. Agrawal owns 1.84% or 25 lakh shares of the company. Now, when the stock closed at ₹466.40 on Thursday, the value of his holding was ₹116.60 crore. With the surge today, the value of his holding has gone up to around ₹130.5 crore. An increase of around ₹14 crore.
Price Action: Intellect Design Arena’s share price was up 11.26% to trade at ₹518.90 in the mid-market hours of trading on Monday.
Get Ring The Bell, Benzinga India’s weekly briefing. Designed specifically for investors like you.
Read Next: Top 10 Richest People In India In April 2023
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.