The corporate’s revenue after tax rocketed 94% year-on-year to Rs 102 crore, in contrast with Rs 53 crore in the identical interval final yr. Income for the quarter stood at Rs 789 crore, up 34% from Rs 587 crore in Q2 FY25, pushed by sturdy progress throughout its platform, license, and AMC companies.
Platform income surged 200% year-on-year to Rs 137 crore from Rs 46 crore, whereas license income rose 69% to Rs 144 crore in opposition to Rs 85 crore within the corresponding quarter final yr. AMC income elevated 19% to Rs 143 crore from Rs 120 crore. General, license-linked income — which incorporates license, platform, and AMC — jumped 69% to Rs 423 crore from Rs 250 crore a yr in the past.
EBITDA grew 68% year-on-year to Rs 184 crore, in contrast with Rs 110 crore in Q2 FY25, reflecting improved working efficiency. Collections throughout the quarter stood at Rs 753 crore, up from Rs 550 crore final yr, whereas money and money equivalents rose to Rs 927 crore from Rs 755 crore.
On the enterprise entrance, Mind’s eMACH.ai platform continued to realize traction, securing 18 new prospects throughout the quarter. The corporate additionally introduced that 22 international monetary establishments have gone reside on its digital platforms, marking vital progress in its ongoing digital transformation initiatives.
Mind Design offers monetary know-how options to banks, insurance coverage corporations, and different monetary establishments. The corporate focuses on software program and platforms for a variety of monetary companies, together with client banking, central banking, transaction banking, and insurance coverage, serving to purchasers with their digital transformation.Arun Jain, Chairman and Managing Director, mentioned, “Q2 was 1 / 4 of robust execution and platform synergy. Our 34% YoY progress to Rs 789 Cr displays how international establishments are embracing the mixed energy of eMACH.ai for composable transformation and Purple Cloth for governance-first Enterprise Impression AI. With accuracy, traceability, and open structure on the core, we’re serving to monetary establishments modernise with decrease danger and better velocity. This efficiency validates our strategic investments and reinforces our confidence in a powerful pipeline and future progress trajectory.”Mukul Mahavir Agrawal has a 1.44% stake within the firm. At about 2 pm, shares of the corporate have been buying and selling at Rs 1,197, increased by 6% from the final shut on the NSE. Mind Design shares are up 47% within the final 6 months.
(Disclaimer: Suggestions, options, views and opinions given by the consultants are their very own. These don’t symbolize the views of the Financial Occasions)
