3i Infotech Ltd.(NSE:3IINFOLTD )|Q3 FY23 Results Out|Total Income rises 9% yoy

3i Infotech Limited (NSE: 3IINFOLTD) is an Indian multinational information technology company that provides software services and solutions to businesses in areas such as finance and accounting, risk management, and insurance. The company was established in 1993 and is headquartered in Mumbai, India. 3i Infotech offers a range of services including software development, system integration, and business process outsourcing. They serve clients in various industries such as banking and financial services, insurance, manufacturing, and government. The company has a presence in multiple countries across Asia, Europe, and North America.

3i Infotech Limited had revenue from operations of INR 182 crore in the quarter ending December 31st, 2022, compared to INR 177 crore in the previous quarter and INR 165 crore in the same quarter a year ago. The company’s total income (including other income) for the quarter was INR 185 crore, compared to INR 178 crore in the previous quarter. The expenses for the quarter were INR 198 crore, resulting in a loss before foreign exchange loss and tax of INR 12.74 crore. After considering foreign exchange loss, the loss before tax was INR 698 crore. The exceptional item for the quarter was a loss of INR 7.59 crore, resulting in a profit before tax of INR 14.57 crore. The company had a tax expense of INR 1.52 crore and a net profit of INR 13.05 crore for the quarter.