X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
3i Infotech: Exceptional losses dent net profits - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

MidCapSelect
  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

3i Infotech: Exceptional losses dent net profits

Nov 4, 2011

3i Infotech has announced the second quarter results of financial year 2011-2012 (2QFY12). The company has reported a growth of 3.8% quarter-on-quarter (QoQ) in sales and a decline of 45.2% QoQ in net profits. It should be noted that the half-yearly results are not exactly comparable to the previous period as numbers presented here for 1HFY12 do not include the business from the discontinued operations. Here is our analysis of the results.

Performance summary
  • Net sales grew by 3.8% QoQ in 2QFY12. For the half year ended September 2011 (1HFY12), sales declined by 23.7% YoY (year-on-year).
  • Operating margins expanded by around 0.6% QoQ during the quarter to 21.9% as compared to 21.3% seen during the previous quarter (quarter ended June 2011, 1QFY12). For 1HFY12, operating margins grew by 1.7% YoY as compared to the same period last year.
  • Despite expansion in margins at operating levels and higher other income, net profit declined by 45.2% QoQ during the quarter. This was largely due to exceptional items such as customer claims and exceptional losses. Excluding exceptional items, net profits grew marginally by 0.6% Q0Q during the quarter. For 1HFY12, net income declined by 43.0% YoY.

To Read the Full Story, Subscribe or Sign In
To Read the Full Story, Subscribe or Sign In


Small Investments
BIG Returns

Zero To Millions Guide 2019
Get our special report, Zero To Millions
(2019 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

3I INFOTECH LTD. SHARE PRICE


Dec 19, 2018 10:59 AM

TRACK 3I INFOTECH LTD.

  • Track your investment in 3I INFOTECH LTD. with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON 3I INFOTECH LTD.

3I INFOTECH LTD. 5-YR ANALYSIS

COMPARE 3I INFOTECH LTD. WITH

MARKET STATS