3i Infotech Limited has informed the Exchange regarding Outcome of Board Meeting held on May 14, 2025.
3IINFOLTD · price
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The Board approved audited financial results for FY25. On a standalone basis, the company swung to a profit of ₹44.49 Cr from a restated loss of ₹818.63 Cr in FY24, with revenue rising modestly to ₹364.62 Cr. On a consolidated basis, profit stood at ₹25.35 Cr versus a restated loss of ₹313.57 Cr, though revenue declined to ₹725.76 Cr from ₹813.88 Cr. The statutory auditor issued an unmodified opinion on standalone results but a modified opinion on consolidated results, with adverse opinions on two subsidiaries — Nure FutureTech (going concern doubts) and Nure Bharat Network — and a qualified opinion on the Mauritius subsidiary over foreign currency translation. The Board also approved a Rights Issue of up to ₹100 Crores to eligible shareholders and constituted a High-Powered Committee (two retired judges and one retired SEBI official) to pursue legal action against former management, employees, and directors based on a forensic audit.
The return to profitability is a significant positive, driven partly by absence of prior-year legacy impairments, but revenue decline and adverse audit opinions on key subsidiaries flag lingering concerns. The ₹100 Crore Rights Issue will dilute existing shareholders, while the legal action against former management could take time to materialize. Near-term stock sentiment may remain cautious due to subsidiary-level going concern issues.