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.

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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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Jul 15, 2019 | Updated on Jul 15, 2019

For the quarter ended June 2019, 3I INFOTECH LTD. has posted a net profit of Rs 14 m (down 77.3% YoY). Sales on the other hand came in at Rs 3 bn (up 15.8% YoY). Read on for a complete analysis of 3I INFOTECH LTD.'s quarterly results.

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