3I Infotech Financial Update:
For the quarter ending June 2024, 3I Infotech reported a net profit of Rs 85 million, marking a significant turnaround from a net loss of Rs 156 million in the same period last year, reflecting a 45.3% year-over-year growth. However, net sales fell by 7.5% to Rs 1,798 million compared to Rs 1,944 million in April-June 2023.
For the fiscal year ending March 2023, 3I Infotech achieved a substantial increase in net profit, up 102.4% to Rs 14 million, reversing the net loss of Rs 575 million reported in FY22. Revenue for FY23 grew by 7.7% to Rs 7,291 million.
Currently, the Price-to-Earnings (P/E) ratio for 3I Infotech, based on rolling 12-month earnings, stands at -2.2.
