Intellect Design Arena Ltd profit nearly doubles as AI-finance deals surge

Intellect Design Arena reported that its Q2 profit nearly doubled year-on-year, supported by a 34% rise in revenue tied to its AI-driven finance-software platform and global deals funnel crossing ₹120 billion (~US$1.37 billion). The Bengaluru-based fintech group said it sees strong momentum in the banking and insurance verticals, especially for open-finance solutions and enterprise-AI platforms. The company’s stock rallied ~7% on the announcement. Analysts say this underscores the shift in Indian software firms towards domain-specific AI solutions.