Kolkata, July 17, 2018: 3i Infotech Limited, a global provider of IT solutions and one of India’s mid-tier software product companies, today announced its financial results for the quarter ended June 30, 2018.
FINANCIAL HIGHLIGHTS
- Consolidated revenue from operations for Q1 FY2019 stood at INR 241.98 crores compared to INR 239.31 crores in Q1 FY2018.
- Revenue Core (excluding a subsidiary planned to be divested) for Q1 FY 2019 stood at INR 209.21 crores compared to INR 191.54 crores in Q1 FY 2018.
- Operating profit for Q1 FY2019 is INR 27.08 crores vis-a-vis INR 28.63 crores in Q1 FY2018.
- Core operating profit for Q1 FY 2019 is INR 26.29 crores vis-à-vis INR 27.69 crores in Q1 FY 2018
- Q1 FY 2019 operating profit is after considering the cost involved in substantial augmentation of its resource pool in preparation for expected growth.
- The net profit of the Company for Q1 FY2019 is INR 15.19 crores.
- The corresponding figure for Q1 FY2018 was INR 16.88 crores.
- This is before the notional charge mentioned in the following point
- As required under IND-AS 109, the Company is required to account for a notional charge on financial instruments based on fair market valuation. This applies to preference shares, FCCBs and interest free debts. This amount is INR 9.74 crores in Q1 FY2019 and INR 8.88 crores in Q1 FY2018
- Profit after tax, after the notional charge mentioned above, stood at INR 5.46 crores for Q1 FY 2019 vis-à-vis INR 8.00 crores in Q1 FY2018.
Corporate Comm India(CCI Newswire)
