3i Infotech Q2/H1 FY26: PAT turns profit on ERTC refund; qualified audit opinion

Going ConcernQualified OpinionAdverse OpinionEmphasis Of MatterRevenue DeclinePat Growth 25pctResults View source PDF Explain this filing

3IINFOLTD · price

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Price reactionminutes from the announcement price · days from the prior close

-0.4%Reaction day

₹16.72

prior close

₹16.75

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+0.1% vs market

Computers - Software & Consulting peers, median of 63sector+0.4%-0.8% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.8 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Computers - Software & Consulting peers, median of 63Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

3i Infotech Q2 FY26 consolidated revenue Rs 174.89 cr vs Rs 177.60 cr YoY. H1 FY26 PAT Rs 25.75 cr vs a Rs 18.81 cr loss, lifted by a Rs 38.90 cr US IRS ERTC tax refund; core operations remain weak. Auditor issued qualified conclusion citing issues at UAE, Saudi Arabia and Mauritius subsidiaries. Going-concern uncertainty flagged for 3i Infotech Middle East, Saudi Arabia, Nure Digital Malaysia and Professional Access. Rs 64.10 cr rights issue completed Oct 28, raising share capital to Rs 207.39 cr. New CFO Kalpesh Shah appointed from Nov 13; Raj Ahuja redesignated as Group CEO.

Likely market impact

Profit rebound is largely a one-time US tax-refund boost, not core growth. Auditor qualifications and going-concern flags on overseas units signal execution risk.