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

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3I INFOTECH LTD. Announces Quarterly Results (2QFY20); Net Profit Up 64.8%
Fri, 18 Oct

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

3I INFOTECH LTD. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m2,7362,8012,9625.7%8.2%
Other incomeRs m12182437.7%100.8%
TurnoverRs m2,7482,8192,9865.9%8.6%
ExpensesRs m2,3922,4872,5020.6%4.6%
Gross profitRs m22719734474.7%51.3%
DepreciationRs m2153554.0%164.4%
InterestRs m112124120-3.1%7.2%
Profit before taxRs m10637193416.6%81.1%
TaxRs m18244696.6%163.6%
Profit after taxRs m8914146967.9%64.8%
Gross profit margin%8.37.011.6
Effective tax rate%16.563.324.1
Net profit margin%3.20.54.9
* 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 8.2% on a year-on-year (YoY) basis. The expenses were up by 4.6% YoY during the same period.
  • The company's operating profit increased by 51.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.6% in 2QFY20 as against 8.3% in 2QFY19.
  • Depreciation charges increased by 164.4% and finance costs increased by 7.2% YoY, respectively.
  • Other income increased by 100.8% YoY during the quarter.
  • Net profit for the quarter increased by 64.8% YoY. Net profit margins during the quarter increased from 3.2% in 2QFY19 to 4.9% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.6% QoQ during the same period.
  • The company's operating profit increased by 74.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.6% in 2QFY20 as against 7.0% in 1QFY19.
  • Net profit for the quarter increased by 967.9% QoQ, while net profit margins increased from 0.5% in 1QFY19 to 4.9% in 2QFY20.

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

Read Now: When the Dust Settles, This Stock Would Have Potentially Created Millionaires
3I INFOTECH LTD. Share Price Performance

Over the last one year,3I INFOTECH LTD. share price has moved down from Rs 3.4 to Rs 2.2, registering a Loss of Rs 1.2 or around 34.9%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,438.4 (up 0.6%). Over the last one year it has moved up from 14,677.6 to 15,438.4, a gain of 761 points (up 5.2%).

Overall, the S&P BSE SENSEX is up 12.9% over the year.

Current Valuations

At the current price of Rs 2.2, the price to earnings (P/E) ratio of 3I INFOTECH LTD. stands at 2.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.

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