3IINFOLTDBSE3I INFOTECH LIMITEDMediumNeutral
Announced Thu, 23 Jul · 20:49 IST

Board approves Q1 results, new director, Rs 13.11 cr subsidiary infusion

Management Changes View source PDF

3IINFOLTD · price

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Price reaction · full curve 14 horizons · vs prior close
-1.4%1-day move
₹20.60
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AI summary

3i Infotech Q1FY27 consolidated revenue Rs 17,794 lakh (up from Rs 17,055), but PBT fell to Rs 586 lakh from Rs 1,210 lakh. Non-executive director Ambarish Dasgupta to retire over future conflict of interest; Sanjay Vatsa appointed as replacement. Venu Gopal Reddy named Senior Management. Rs 13.11 crore capital infusion into wholly owned subsidiary NuRe FutureTech. Auditor flagged going concern issues at multiple subsidiaries.

Likely market impact

Mixed quarter: revenue grew but profit nearly halved; subsidiary infusion supports new ventures; going concern flags at subsidiaries need monitoring