Intellect Design Arena Ltd, an enterprise-grade global financial technology leader, known for its application of First Principles Thinking, Open Finance Architecture, and Design Thinking to reimagine financial institutions and insurance companies, announced its second-quarter results for FY26 today.
I. Intellect’s Platform Synergy Delivers Measurable Impact: Strong and Consistent Financial Performance Anchored by eMACH.ai and Purple Fabric
- Intellect delivered a strong 34% YoY revenue growth this quarter, reaching INR 789 Cr, clearly driven by the powerful combination of our eMACH.ai and Purple Fabric platforms. The performance validates our strategic investments in developed economies and positions us for continued global expansion
- Profitability saw impressive gains, with EBITDA up 68% YoY to INR 184 Cr and PAT up by 94%YoY to INR 102 Cr
- Our revenue quality continues to improve significantly. License-Linked Revenue (LLR) surged 69% YoY to INR 423 Cr, and our Annual Recurring Revenue (ARR) now stands strong at INR 1,080 Cr, providing a predictable foundation
- Cash and cash equivalents rose to INR 927 Cr in Q2 FY26, up from INR 755 Cr in Q2 FY25, reinforcing Intellect’s financial stability, operational resilience, and superior working-capital efficiency
- Our future outlook is very positive, reflected in our deal funnel crossing INR 12,000 Cr
II. eMACH.ai Redefines Financial Transformation with AI-Led Agility and Growth
eMACH.ai, the world’s most comprehensive, composable and intelligent open finance platform, continues to strengthen its leadership as the preferred platform for AI-led enterprise modernisation, expanding across major global markets this quarter. Built on 386 microservices, 2015 APIs and 650 pre-integrated events, the platform delivers unmatched agility, interoperability and speed of innovation.
Transforming Global Financial Enterprises through eMACH.ai
With 15 strategic eMACH.ai-led deal wins, including 10 multi-million-dollar Destiny Deals and 19 successful digital transformations, Intellect strengthened its presence in key markets, particularly across the Americas, where focused leadership and customer engagements are driving accelerated growth. These achievements reaffirm Intellect’s position as a trusted transformation partner to global financial institutions.
- Multi-Million Dollar Destiny Deals
- A leading European banking giant and a global systemically important bank with a strong wholesale and retail footprint selected eMACH.ai’s Virtual Accounts solution to power its next-generation eCommerce ecosystem, enabling accelerated deposit growth and real-time cash visibility. This engagement highlights Intellect’s deep expertise in complex liquidity orchestration and reinforces its growing presence across leading European financial institutions
- A leading African banking group with operations across 10 markets selected Intellect’s eMACH.ai Payments platform, powered by Pay-9 architecture, to modernise its digital payments infrastructure. The partnership will accelerate innovation across retail, corporate, and institutional segments, driving Africa’s transition toward real-time, intelligent payments. The initiative further enhances transparency, automation, and working-capital efficiency, underscoring Intellect’s deep domain expertise and global leadership in next-generation payments technology
- Zimbabwe’s only fully homegrown 120-year-old savings bank, driving financial inclusion across the nation, chosen eMACH.ai Core Banking and Internet Banking to power its digital transformation and deliver seamless, inclusive banking experiences
- A premier US-based global provider of wealth management, asset servicing, and banking chose eMACH.ai Corporate Treasury Exchange to modernise its cash management operations across 20+ international markets. The selection marks another strategic Tier-1 adoption of Intellect’s AI-driven treasury technology in North America
- Four pilot customers covering 35 Credit Unions across Canada chose Intellect’s eMACH.ai Digital Engagement Platform (DEP) to power their digital banking experience, marking a major stride in the digital transformation of community-centric financial institutions. With eMACH.ai DEP’s codeless, cloud-native and AI-enabled architecture, these Credit Unions will deliver seamless, personalised and omnichannel experiences to deepen member engagement, enhance agility, and drive long-term digital resilience
- One of the world’s largest and safest financial institutions in the UAE selected eMACH.ai Corporate Treasury Exchange for a multi-entity rollout in multiple international countries, expanding its liquidity and treasury management footprint in key global markets. This implementation underscores Intellect’s ability to deliver multi-country, AI-enabled treasury transformation at scale
- A Mauritius-based holding company, listed on the Malawi Stock Exchange and licensed by the Mauritius Financial Services Commission (FSC) as a Global Business Company (GBC), selected eMACH.ai Lending for its operations in five African countries to drive its digital credit transformation and meet the evolving needs of credit seekers
III. Purple Fabric Unlocks Scale with Strategic Launches and Growing Deal Pipeline
Intellect continued to accelerate the global adoption of its Open Business Impact AI platform, Purple Fabric, designed to make enterprises truly AI Native. Built on an enterprise-grade technology stack, Purple Fabric empowers organisations to reimagine operations, customer experience, products, and compliance through Design Thinking for AI-First Enterprises.
Global Momentum and Market Expansion: Purple Fabric strengthened its global leadership as the world’s first Open Business Impact AI platform with a series of high-impact launches from PF Credit, transforming lending through AI-first digital experts, to its U.S. expansion and PF Cloud debut at GIFT City. The South Africa launch further deepened its presence in emerging markets. Together, these milestones showcase Purple Fabric’s growing influence in driving responsible, scalable, and outcome-driven AI across the financial world.
Transforming Enterprises through Business Impact AI – Purple Fabric Wins and Digital Transformations Accelerate Global Impact: This quarter, Purple Fabric accelerated enterprise-scale AI adoption with one multi-million-dollar Destiny Deal, two strategic wins, and three successful digital transformations, translating AI investments into faster decisioning, improved operational efficiency, and stronger compliance intelligence. Together, these milestones reaffirm Purple Fabric’s position as the Business Impact AI platform of choice, empowering organisations to lead with intelligence, speed, and trust.
- Multi-Million Dollar Destiny Deal
- A national, multi-line casualty insurance provider based in San Diego, California, chose Intellect’s Underwriting Ecosystem for their underwriting workbench. The solution will streamline risk assessment, enhance underwriting efficiency, and deliver faster policy decisions. This win reinforces Intellect’s growing presence in the American insurance market
- Other Significant Deals
- A leading US-based wholesale specialty broker, known for providing innovative solutions for complex, hard-to-place specialty risks, selected Intellect’s Distribution Ecosystem, including its flagship products Magic Submission and Xponent, to support a major strategic initiative
- A full-service managing general agency and program manager offering specialty solutions for agents and insureds across various specialty businesses selected Intellect’s Underwriting Ecosystem, including Xponent, Magic Submission, and Risk Analyst. The client will use the ecosystem for its Workers’ Compensation line of business, aligning the implementation with its strategic goals and existing system integrations
Awards & Accolades
- The Economic Times ‘Making AI Work’ Awards 2025: The inaugural edition of The Economic Times ‘Making AI Work’ Awards celebrates Intellect’s pioneering AI initiatives in financial services, showcasing the deployment of innovative solutions that enhance operational efficiency, decision-making, and customer experience. By leveraging advanced AI models and intelligent automation, our systems enable faster, accurate, and compliant outcomes for banking processes, driving tangible business impact and setting new standards for enterprise-grade AI adoption
- National AI Awards 2025: This prestigious award recognises our pioneering deployment of an enterprise-grade multi-agent AI system through Purple Fabric (the world’s first open business impact AI platform), transforming complaints handling for a leading UK wealth management firm. By leveraging multiple specialised Digital Experts for ingestion, data gathering, investigation, and reporting, the system delivers faster, explainable, and compliant resolutions aligned with FCA Consumer Duty regulations
IV. Financial Performance
Q2FY26 – Financial Highlights
Income:
- Total income for Q2 FY 26 stood at INR 789 Cr as against INR 587 Cr in Q2 FY25 – grew 34% YoY
Platform, License and AMC Revenue:
- Platform revenue is INR 137 Cr as against INR 46 Cr in Q2 FY25 – grew 200% YoY
- License revenue is INR 144 Cr as against INR 85 Cr in Q2 FY25 – grew 69 % YoY
- AMC revenue is INR 143 Cr as against INR 120 Cr in Q2 FY25 – grew 19% YoY
- License-linked revenue (License + Platform + AMC) is INR 423 Cr as against INR 250 Cr in Q2 FY25 – grew 69% YoY
EBITDA and PBT
- EBITDA is INR 184 Cr as against INR 110 Cr in Q2 FY25 – grew 68% YoY
- Profit After Tax is INR 102 Cr as against INR 53 Cr in Q2 FY25 – grew 94% YoY
Collections
- Collections for Q2FY26 are INR 753 Cr as against INR 550 Cr in Q2 FY25
- Cash and Cash equivalents are INR 927 Cr as against INR 755 Cr in Q2 FY25
Deal Wins and Digital Transformations
- ai accelerates growth with 18 new customers choosing Intellect for their digital transformation journey
- 22 global financial institutions have transformed their digital journey (Go-Live) on Intellect platform
H1 FY26 – Financial Highlights
Income:
- Total income stood at INR 1,523 Cr as against INR 1208 Cr in H1 FY25 – grew 26% YoY
Platform, License and AMC Revenue:
- Platform revenue is INR 263 Cr as against INR 112 Cr in H1 FY25 – grew 135% YoY
- License Revenue is INR 273 Cr as against INR 210 Cr in H1 FY25 – grew 30% YoY
- AMC Revenue is INR 277 Cr as against INR 241 Cr in H1 FY25 – grew 15% YoY
- License-linked revenue (License + Platform + AMC) is INR 813 Cr as against INR 563 Cr in H1 FY25 – grew 44% YoY
- Annual Recurring Revenue (ARR) is at INR 1,080 Cr as against INR 706 Cr in H1 FY25 – grew 53% YoY
EBITDA and PBT
- EBITDA is INR 360 Cr as against INR 247 Cr in H1 FY25 – grew 46% YoY
- Profit After Tax is INR 197 Cr as against INR 127 Cr in H1 FY25 – grew 55% YoY
Collections
- Collections for H1FY26 are INR 1,339 Cr as against INR 1106 Cr in H1 FY25
Deal Wins and Digital Transformations
- 35 new customers have chosen Intellect’s Digital stack for their digital transformation
- Digital Transformations (Go-Lives): 37 global financial institutions have transformed their digital journey on Intellect platforms and products
V. Organisation Announcement
Leadership Expansion: Intellect announced two key leadership appointments this quarter, strengthening its global growth and client engagement capabilities.
- Vivek Gupta joined Intellect as President & Global Head of Consulting, overseeing all our business units. A respected industry leader with over 30 years of international banking experience in global roles with Multinational Banks and most recently as a Management Committee member with Axis Bank, Vivek has led major banking transformations and driven sustained growth across Commercial and Institutional banking segments. At Intellect, Vivek leads Intellect Consulting to deliver at scale strategic and operational value for clients across growth, simplification and innovation, leveraging the eMACH.ai framework and the Purple Fabric propositions.
- Rakesh Srivastava joined Intellect as President and Chief Revenue Officer for the USA, Mexico, and South America, to drive our growth strategy and strengthen our leadership position across the Americas. With over two decades of global experience spanning Financial Services, FinTech, Banking, Payments, Capital Markets, and Insurance, Rakesh is a proven business leader who has built and scaled high-performing international revenue organisations.
Investment in Infrastructure Expansion: Intellect is investing in the creation of a state-of-the-art 7.25 lakh sq. ft. facility at its Siruseri campus, dedicated to driving the next phase of innovation and enterprise growth.
- The new facility will house the Purple Fabric AI Lab, Purple Fabric Academy, eMACH.ai Lab, and eMACH.ai Academy, along with residential learning and collaboration spaces. This investment underscores Intellect’s commitment to advancing its leadership in Business Impact–led offerings and expanding the ecosystem through partnerships.
- By bringing together design and execution under one integrated campus, Intellect aims to accelerate innovation cycles, enhance co-creation, and strengthen its position as the technology partner of choice for financial institutions worldwide.
- This strategic investment reflects Intellect’s confidence in its long-term growth trajectory and reinforces its belief in building sustainable, future-ready enterprises that deliver measurable business outcomes for clients and enduring value for shareholders.
VI. Management Commentary
Arun Jain, Chairman and Managing Director, Intellect Design Arena Limited, said, “Q2 was a quarter of strong execution and platform synergy. Our 34% YoY growth to ₹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 modernise with lower risk and higher velocity. This performance validates our strategic investments and reinforces our confidence in a strong pipeline and future growth trajectory.”
Unaudited Financial Results for the Second Quarter Ended – September 30, 2025
Additional Information on function-wise classification of the statement of Profit and Loss of the Group (Consolidated unaudited)
Note: PAT above is without considering one-off exceptional item of MAT credit write-off of INR 12.51 Cr in Q4 FY24
*Excluding GeM Revenue during the contracted period in FY24
