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

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3I INFOTECH LTD. Announces Quarterly Results (4QFY19); Net Profit Up 26.8%
Thu, 9 May

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

3I INFOTECH LTD. Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m6633,0652,996-2.3%352.0%
Other incomeRs m43526932.9%58.4%
TurnoverRs m7063,1173,065-1.7%334.0%
ExpensesRs m4272,6762,512-6.1%488.2%
Gross profitRs m36530137725.1%3.4%
DepreciationRs m1621-41-295.7%-353.4%
InterestRs m114115104-9.7%-9.3%
Profit before taxRs m27821738376.6%38.1%
TaxRs m03731-14.9%0.0%
Profit after taxRs m27818035295.3%26.8%
Gross profit margin%55.09.812.6
Effective tax rate%0.017.08.2
Net profit margin%39.35.811.5
* 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 352.0% on a year-on-year (YoY) basis. The expenses were up by 488.2% YoY during the same period.
  • The company's operating profit increased by 3.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.6% in 4QFY19 as against 55.0% in 4QFY18.
  • Depreciation charges declined by 353.4% and finance costs declined by 9.3% YoY, respectively.
  • Other income increased by 58.4% YoY during the quarter.
  • Net profit for the quarter increased by 26.8% YoY. Net profit margins during the quarter declined from 39.3% in 4QFY18 to 11.5% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.1% QoQ during the same period.
  • The company's operating profit increased by 25.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.6% in 4QFY19 as against 9.8% in 3QFY18.
  • Net profit for the quarter increased by 95.3% QoQ, while net profit margins increased from 5.8% in 3QFY18 to 11.5% in 4QFY19.

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 4.3 to Rs 3.9, registering a Loss of Rs 0.4 or around 9.9%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,717.1 (up 0.7%). Over the last one year it has moved up from 13,165.8 to 15,717.1, a gain of 2,551 points (up 19.4%).

Overall, the S&P BSE SENSEX is up 6.9% over the year.

Current Valuations

At the current price of Rs 3.9, the price to earnings (P/E) ratio of 3I INFOTECH LTD. stands at 5.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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