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3I INFOTECH LTD. Announces Quarterly Results (3QFY19); Net Profit Down 20.9%

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3I INFOTECH LTD. Announces Quarterly Results (3QFY19); Net Profit Down 20.9%
Mon, 21 Jan

3I INFOTECH LTD. has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

3I INFOTECH LTD. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m2,3752,7363,06512.0%29.1%
Other incomeRs m621252330.0%-17.2%
TurnoverRs m2,4382,7483,11713.4%27.9%
ExpensesRs m1,9652,3922,67611.9%36.1%
Gross profitRs m33022730132.7%-8.6%
DepreciationRs m2121211.4%-1.4%
InterestRs m1301121152.6%-11.5%
Profit before taxRs m241106217103.9%-9.8%
TaxRs m131837109.1%183.1%
Profit after taxRs m22889180102.9%-20.9%
Gross profit margin%13.98.39.8
Effective tax rate%5.416.517.0
Net profit margin%9.33.25.8
* 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 29.1% on a year-on-year (YoY) basis. The expenses were up by 36.1% YoY during the same period.
  • The company's operating profit declined by 8.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.8% in 3QFY19 as against 13.9% in 3QFY18.
  • Depreciation charges declined by 1.4% and finance costs declined by 11.5% YoY, respectively.
  • Other income declined by 17.2% YoY during the quarter.
  • Net profit for the quarter declined by 20.9% YoY. Net profit margins during the quarter declined from 9.3% in 3QFY18 to 5.8% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.9% QoQ during the same period.
  • The company's operating profit increased by 32.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.8% in 3QFY19 as against 8.3% in 2QFY18.
  • Net profit for the quarter increased by 102.9% QoQ, while net profit margins increased from 3.2% in 2QFY18 to 5.8% in 3QFY19.

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 up from Rs 7.0 to Rs 3.8, registering a Loss of Rs 3.2 or around 45.4%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,799.2 (up 0.9%). Over the last one year it has moved up from 12,243.7 to 14,799.2, a gain of 2,556 points (up 20.9%).

Overall, the S&P BSE SENSEX is up 3.8% over the year.

Current Valuations

At the current price of Rs 3.8, the price to earnings (P/E) ratio of 3I INFOTECH LTD. stands at 5.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 times.

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