3i Infotech Limited has informed the Exchange about General Updates
3IINFOLTD · price
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3i Infotech's Board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Consolidated revenue from operations came in at ₹17,055 lakhs versus ₹17,975 lakhs in Q1 FY25, a slight decline. However, the company swung to a consolidated profit of ₹755 lakhs from a loss of ₹882 lakhs in the same quarter last year, aided by an exceptional item swing and lower employee and finance costs. Standalone profit stood at ₹140 lakhs versus a loss of ₹900 lakhs in Q1 FY25, though it carried an exceptional item expense of ₹1,540 lakhs. The Board also approved converting an ₹8.17 crore loan to its wholly owned subsidiary NuRe FutureTech into redeemable preference shares, plus an additional ₹1.33 crore infusion, totalling ₹9.50 crore. CKSP & Co. LLP was reappointed as statutory auditor for a five-year term, and Mr. Harish Shenoy ceased to be part of senior management as he moved to a US subsidiary role.
Positively, the company returned to profitability at both consolidated and standalone levels and is investing in its AI/IT subsidiary for new business. Negatively, the statutory auditor issued a qualified conclusion on consolidated results, flagged material uncertainty around the going concern of its Middle East subsidiary (which has a negative net worth), and highlighted long-standing legacy receivable/payable issues with foreign subsidiaries — all of which are governance red flags for shareholders.