3i Infotech registers Rs 1224 crore profit

Chennai, Apr 27 (UNI) 3i Infotech, a global provider of IT solutions has reported a revenue growth of Rs 1,224 crore, representing year-on-year(YoY) growth of 82.4 per cent.

Profit after tax and before minority interest which stood at Rs 183 crores grew by 75.3 per cent over the previous year and represents a net margin of 14.9 per cent, a company release here today said Basic Earnings per share (EPS) increased to Rs 13.40 from Rs 8.99 in the previous year, representing a growth of 49.1 per cent.

Revenue for the quarter was Rs 352 crores, representing a sequential growth over the previous quarter of 8.9% and a growth of 66.9 per cnet from the corresponding quarter of the previous year.

Profit after tax and before minority interest which stood at Rs 50.2 crore grew by 56.9 per cent over the corresponding quarter of the previous year and represents a net margin of 14.3 per cent.

The Board had recommended an equity dividend of Rs 1.50 per share of face value of ten rupees each.

For the year 2008-09, the company estimates revenues at around Rs 1700 crores (about 40 per cent over FY 2007-08) with fully diluted Earnings Per Share(EPS) between Rs 13.00 and Rs. 13.50. (as against Rs.10.25 in FY2007-08), the release added.

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