3I INFOTECH LTD. Announces Quarterly Results (1QFY20); Net Profit Down 77.3%

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3I INFOTECH LTD. Announces Quarterly Results (1QFY20); Net Profit Down 77.3%
Mon, 15 Jul

3I INFOTECH LTD. has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

3I INFOTECH LTD. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m2,4202,9962,801-6.5%15.8%
Other incomeRs m786918-74.5%-77.7%
TurnoverRs m2,4983,0652,819-8.0%12.8%
ExpensesRs m2,1432,5122,487-1.0%16.1%
Gross profitRs m144377197-47.9%36.9%
DepreciationRs m20-4153159.3%
InterestRs m11710412419.5%5.7%
Profit before taxRs m8438337-90.3%-55.8%
TaxRs m243124-24.6%-1.3%
Profit after taxRs m6035214-96.1%-77.3%
Gross profit margin%5.912.67.0
Effective tax rate%28.48.263.3
Net profit margin%2.411.50.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 15.8% on a year-on-year (YoY) basis. The expenses were up by 16.1% YoY during the same period.
  • The company's operating profit increased by 36.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.0% in 1QFY20 as against 5.9% in 1QFY19.
  • Depreciation charges increased by 159.3% and finance costs increased by 5.7% YoY, respectively.
  • Other income declined by 77.7% YoY during the quarter.
  • Net profit for the quarter declined by 77.3% YoY. Net profit margins during the quarter declined from 2.4% in 1QFY19 to 0.5% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.0% QoQ during the same period.
  • The company's operating profit declined by 47.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.0% in 1QFY20 as against 12.6% in 4QFY19.
  • Net profit for the quarter declined by 96.1% QoQ, while net profit margins declined from 11.5% in 4QFY19 to 0.5% in 1QFY20.

To see how 3I INFOTECH LTD. has performed over the last eight quarters,please visit here.

3I INFOTECH LTD. Share Price Performance

Over the last one year,3I INFOTECH LTD. share price has moved down from Rs 3.8 to Rs 2.9, registering a Loss of Rs 0.9 or around 24.4%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,463.9 (up 2.4%). Over the last one year it has moved up from 14,385.7 to 15,463.9, a gain of 1,078 points (up 7.5%).

Overall, the S&P BSE SENSEX is up 6.3% over the year.

Current Valuations

At the current price of Rs 2.9, the price to earnings (P/E) ratio of 3I INFOTECH LTD. stands at 4.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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