Intellect Design Arena reported a 72% sequential drop in Q3 net profit to ₹28.4 crore, with revenue declining 3.5% to ₹731.3 crore and EBIT falling 48% to ₹59.6 crore. Operating margin narrowed to 8.1% from 15.3% due to a one-time gratuity cost of ₹30.34 crore (standalone) booked under the new Labour Codes, shown as an exceptional item.
