3i Infotech Ltd's Q3FY25 Quarter Results
- 30 Jan 2025
Result Summary
- 3i Infotech Ltd reported a 3.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 13.0%.
- Its expenses for the quarter were down by 20.6% QoQ and 37.4% YoY.
- The net profit decreased 1042.0% QoQ and decreased 237.9% YoY.
- The earnings per share (EPS) of 3i Infotech Ltd stood at 2.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 185.49 | 179.80 | 213.31 | 3.2% | -13.0% |
Total Expenses | 143.64 | 180.95 | 229.56 | -20.6% | -37.4% |
Profit Before Tax | 41.85 | -1.15 | -18.48 | -3739.1% | -326.5% |
Tax | 1.25 | 3.16 | 10.96 | -60.4% | -88.6% |
Profit After Tax | 40.60 | -4.31 | -29.44 | -1042.0% | -237.9% |
Earnings Per Share | 2.40 | -0.30 | -1.70 | -900.0% | -241.2% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
3i Infotech Ltd is a global Information Technology company that provides software products and IT services. It primarily serves industries such as banking, financial services, insurance, manufacturing, and retail. The company's offerings include services like application development and maintenance, infrastructure management, business process outsourcing, and digital transformation. As of the latest available information, the company has been focusing on enhancing its product portfolio and expanding its global footprint. However, specific recent major developments in the company were not provided in the data.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), 3i Infotech Ltd reported a total income of ₹185.49 crores. This represents a quarter-over-quarter (QoQ) increase of 3.2% from ₹179.80 crores in Q2FY25. However, when compared to the same quarter in the previous fiscal year (Q3FY24), where the total income was ₹213.31 crores, there is a year-over-year (YoY) decrease of 13.0%. This financial metric reflects the company's revenue generation capability in the current quarter relative to previous periods.
Profitability
For Q3FY25, 3i Infotech Ltd reported a profit before tax (PBT) of ₹41.85 crores, demonstrating a significant improvement from the previous quarter's loss of ₹1.15 crores. This change translates to a substantial QoQ increase of 3739.1%. Compared to the corresponding quarter in the previous fiscal year, where the company reported a loss before tax of ₹18.48 crores, there is a YoY improvement of 326.5%. The company also reported a profit after tax (PAT) of ₹40.60 crores for Q3FY25, marking a turnaround from the loss of ₹4.31 crores in Q2FY25 and a loss of ₹29.44 crores in Q3FY24. The tax expense for Q3FY25 was ₹1.25 crores, which is lower compared to ₹3.16 crores in Q2FY25 and ₹10.96 crores in Q3FY24, showing a YoY decrease of 88.6% and a QoQ decrease of 60.4%.
Operating Metrics
The earnings per share (EPS) for 3i Infotech Ltd in Q3FY25 was ₹2.40, which is a significant recovery from the negative EPS of ₹0.30 in Q2FY25. This represents a dramatic QoQ change of 900.0%. Compared to Q3FY24, when the EPS was negative ₹1.70, the YoY change is 241.2%. This metric indicates the profitability of the company on a per-share basis for the current quarter. The total expenses for Q3FY25 amounted to ₹143.64 crores, reflecting a decrease of 20.6% QoQ from ₹180.95 crores in Q2FY25, and a decrease of 37.4% YoY from ₹229.56 crores in Q3FY24. This reduction in expenses could be a result of cost management strategies during the period.
