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

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

  • MyStocks

MEMBER'S LOGINX

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

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.

Equitymaster requests your view! Post a comment on "3I INFOTECH LTD. Announces Quarterly Results (1QFY20); Net Profit Down 77.3%". Click here!

  

Related Views on News

3I INFOTECH LTD. Announces Quarterly Results (2QFY20); Net Profit Up 64.8% (Quarterly Result Update)

Oct 18, 2019 | Updated on Oct 18, 2019

For the quarter ended September 2019, 3I INFOTECH LTD. has posted a net profit of Rs 146 m (up 64.8% YoY). Sales on the other hand came in at Rs 3 bn (up 8.2% YoY). Read on for a complete analysis of 3I INFOTECH LTD.'s quarterly results.

3I INFOTECH LTD. Announces Quarterly Results (4QFY19); Net Profit Up 26.8% (Quarterly Result Update)

May 9, 2019 | Updated on May 9, 2019

For the quarter ended March 2019, 3I INFOTECH LTD. has posted a net profit of Rs 352 m (up 26.8% YoY). Sales on the other hand came in at Rs 3 bn (up 352.0% YoY). Read on for a complete analysis of 3I INFOTECH LTD.'s quarterly results.

3I INFOTECH LTD. 2017-18 Annual Report Analysis (Annual Result Update)

Mar 19, 2019 | Updated on Mar 19, 2019

Here's an analysis of the annual report of 3I INFOTECH LTD. for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of 3I INFOTECH LTD.. Also includes updates on the valuation of 3I INFOTECH LTD..

More Views on News

Most Popular

These 5 Smallcaps Deserve a Place in Your Coffee Can Portfolio(Profit Hunter)

Jul 28, 2020

When it comes to quality stocks, doing less is more.

Before You Buy Your First Electric Vehicle Consider Buying this Stock(Profit Hunter)

Jul 29, 2020

As competition intensifies in the electric vehicle space, only few will create huge wealth over the years.

Large Opportunities Are Coming Our Way

Aug 5, 2020

Kenneth Andrade tells us why stocks will bounce back strongly and what he's bullish on.

How to Buy Gold and Silver(Fast Profits Daily)

Jul 27, 2020

In this video I'll show you how to buy bullion the right way.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

3I INFOTECH LTD. SHARE PRICE


Aug 7, 2020 (Close)

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. - CHINASOFT COMPARISON

COMPARE 3I INFOTECH LTD. WITH

MARKET STATS