3i Infotech Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 23, 2017 at 03:33 pm IST
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3i Infotech Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported consolidated total income from operations was INR 2,480.0 million compared to INR 2,864.0 million a year ago. Profit from operations before finance costs and exceptional items was INR 458.4 million compared to loss of INR 219.4 million a year ago. Profit from ordinary activities before tax was INR 230.2 million compared to loss of INR 787.0 million a year ago. Profit from ordinary activities after tax was INR 190.1 million compared to loss of INR 852.6 million a year ago. Basic and diluted earnings per share was INR 0.17 compared to loss of INR 1.35 a year ago. Net profit from ordinary activities attributable to shareholders of the company was INR 199.5 million compared to loss of INR 847.6 million a year ago.
For the nine months, the company reported consolidated total income from operations of INR 7,482.7 million compared to INR 8,538.4 million a year ago. Profit from operations before finance costs and exceptional items was INR 1,358.7 million compared to loss of INR 793.7 million a year ago. Profit from ordinary activities before tax was INR 658.3 million compared to loss of INR 2,509.7 million a year ago. Profit from ordinary activities after tax was INR 607.5 million compared to loss of INR 2,713.3 million a year ago. Basic and diluted earnings per share was INR 0.56 compared to loss of INR 4.40 a year ago. Net profit from ordinary activities attributable to shareholders of the company was INR 623.7 million compared to loss of INR 2,692.5 million a year ago.
For the quarter, the company reported standalone total income from operations of INR 645.7 million compared to INR 795.5 million a year ago. Profit from operations before income finance costs and exceptional items was INR 791.7 million compared to INR 342.0 million a year ago. Profit from ordinary activities before tax was INR 567.9 million compared to loss of INR 181.4 million a year ago. Profit from ordinary activities after was INR 567.9 million compared to loss of INR 187.2 million a year ago. Basic and diluted earnings per share was INR 0.52 compared to loss INR 0.30 a year ago.
For the nine months, the company reported standalone total income from operations of INR 2,018.3 million compared to INR 2,454.0 million a year ago. Profit from operations before finance costs and exceptional items was INR 1,532.1 million compared to loss of INR 692.2 million a year ago. Profit from ordinary activities before tax was INR 867.4 million compared to loss of INR 2,318.2 million a year ago. Profit from ordinary activities after tax was INR 865.5 million compared to loss of INR 2,249.9 million a year ago. Basic and diluted earnings per share was INR 0.80 compared to loss of INR 3.64 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.