Intense Technologies Reports Q1 Results: Revenue Dips, Adds Four New BFSI Clients
Intense Technologies announced its Q1 FY2024 results. Total income decreased to ₹3,147.93 lakhs from ₹3,595.36 lakhs in Q4. EBITDA and net profit also declined. The company added four new BFSI clients, secured copyright for its AI-driven Digital Communication Hub, and won its first customer in Saudi Arabia. Management emphasized long-term value creation, successful project delivery, and focus on building resilient platforms with AI integration.
Intense Technologies reported a 22.46% decrease in consolidated revenue to Rs 30.52 crore and a 77.09% drop in profit after tax to Rs 1.26 crore for Q1 FY24. The company added four new BFSI clients and secured its first customer in Saudi Arabia. Despite financial challenges, Intense Technologies is focusing on AI-driven solutions, securing copyright for its Digital Communication Hub, and transitioning to recurring revenue models. The company scheduled its AGM for September 30 and allotted 2,000 equity shares under its employee stock option plan.