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Intrasoft Technologies Ltd.

BSE: 533181 Sector: IT
NSE: ISFT ISIN Code: INE566K01011
BSE 00:00 | 24 Apr 2020 Intrasoft Technologies Ltd
NSE 05:30 | 01 Jan 1970 Intrasoft Technologies Ltd

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OPEN 30.50
PREVIOUS CLOSE 29.15
VOLUME 3800
52-Week high 129.10
52-Week low 22.05
P/E 20.82
Mkt Cap.(Rs cr) 45
Buy Price 30.60
Buy Qty 1451.00
Sell Price 30.50
Sell Qty 48.00
OPEN 30.50
CLOSE 29.15
VOLUME 3800
52-Week high 129.10
52-Week low 22.05
P/E 20.82
Mkt Cap.(Rs cr) 45
Buy Price 30.60
Buy Qty 1451.00
Sell Price 30.50
Sell Qty 48.00

Intrasoft Technologies Ltd. (ISFT) - Chairman Speech


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Company chairman speech

This is by convention in e-commerce whereby a business must first attain scale withwhich come the related economies operational learnings and analysable data. These mustthen be incorporated into the business model to put the financial metrics into place. Onlythen can the business achieve organically sustained growth. We felt FY19 was theappropriate time to undertake the second phase of this process.

If we look at the last eight quarters we see a qualitative shift in the revenuegenerated by our e-commerce business. While revenue fell operating cash flow becamepositive establishing a strong year-on- year trend across all four quarters this FY. Thiswas the result of conscious revenue reduction which was necessary at this juncture tosolidify the financial soundness of the business.

Brand-partners our primary customers specialise in product development by convertingthe underlying needs of the end-consumers (marketplace customers) into suitable products.Their forte does not lie in the marketplace ecosystem defined by dynamism in technologyand policies.

Over the years we built a strong marketplace reputation and demonstrated ourcapabilities to brand-partners learning the dos and don'ts throughout our journey. Wecaptured a significant amount of data to build supply-chain archetypes. During the yearas we focused on incorporating these we saw a critical shift in our relationship withbrand-partners.

Our marketplace expertise on the bedrock of technology (our delivery engine) givesthem an end-to-end solution to sell products online on marketplaces.

This collaborative engagement made us working capital-efficient. A direct consequenceof this was the cash flow performance and the reduction in longterm debt for oure-commerce business during the year under review. We saw a perceptible impact on AccountsPayable Days.

The delivery engine enables us to service our brand-partners via a single platform andwe are now far more integrated than it was ever possible. As the flow of data continuesit will strengthen the data lake the resulting analysis and the value that is deliveredto the brand-partners.

The US e-commerce market specifically the marketplaces continue to spearhead growth bymaking e-commerce a way of life. As one of the leading players present on marketplaces andwith the recalibration undertaken this year we are readying ourselves to tap this growthefficiently and sustainably.

We believe we are at the starting point of an incredible journey. On behalf of theBoard of Directors and the Management of IntraSoft I would like to thank you for yourunwavering support.

Warm regards

Arvind Kajaria

Managing Director


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