3i Infotech Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Quarter and Nine Months Ended December 31, 2017
January 12, 2018 at 08:47 am
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3i Infotech Limited announced unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter on consolidated basis, the company reported total income of INR 2,437.5 million compared to INR 2,561.6 million a year ago. Profit before tax was INR 240.7 million compared to INR 230.2 million a year ago. Profit for the period was INR 227.7 million compared to INR 190.1 million a year ago. Earnings per basic and diluted equity share was INR 0.17 compared to INR 0.17 a year ago.
For the nine months on consolidated basis, the company reported, total income of INR 7,268.0 million compared to INR 7,616.1 million a year ago. Profit before tax was INR 513.5 million compared to INR 658.3 million a year ago. Profit for the period was INR 473.1 million compared to INR 607.5 million a year ago. Earnings per basic and diluted equity share was INR 0.35 compared to INR 0.56 a year ago.
For the quarter on standalone basis, the company reported, total income of INR 663.7 million compared to INR 778.6 million a year ago. Loss before tax was INR 21.0 million compared to profit before tax of INR 567.9 million a year ago. Loss for the period was INR 21.0 million compared to profit for the period of INR 567.9 million a year ago. Loss per basic and diluted equity share was INR 0.02 compared to earnings per basic and diluted equity share of INR 0.52 a year ago.
For the nine months on standalone basis, the company reported total income of INR 1,918.0 million compared to INR 2,283.3 million a year ago. Loss before tax was INR 1,144.8 million compared to profit before tax of INR 867.6 million a year ago. Loss for the period was INR 1,144.8 million compared to profit for the period of INR 865.7 million a year ago. Loss per basic and diluted equity share was INR 0.86 compared to earnings per basic and diluted equity share of INR 0.80 a year ago.
3i Infotech Limited is an India-based company, which provides information technology services and software solutions. The Company operates through three segments: Enterprise Services, Professional Services, and Digital Business Services. The Enterprise Services segment includes ADMS, ISMS, Testing, Classic business process services (BPS), and MVS, among others. The Professional Services segment includes Human Capital Management Services. The Companyâs Digital Business Services segment includes IT & Digital Consulting, application-automation analytics (AAA), Digital IMS, CloudFirst, Oracle COE, GCC, Cyber SOC, Digital BPS, Cognitive Computing Services, 5G Lab as Service, Private 5G, IoT, Security Services, Secure Access Service Edge (SASE), AgriTech, TME, Edge Computing, Edge Analytics, NuRe Campus, and FutureTech among others. NuRe is the brand launched by the Company to offer its new products/services, such as NuRe Edge, NuRe 3i, NuRe Desk, NuRe 3i+, and NuRe CloudFirst.