3i Infotech consolidated PAT up 66 p.c.

BANGALORE: 3i Infotech Ltd, a provider of IT solutions globally, today announced its operating results for the quarter ended September 30, 2005.

The consolidated profit after tax for the quarter increased 66% to Rs.133 million over the corresponding quarter of the previous year. The consolidated PAT grew by 30% on a sequential basis.

Consolidated profit after tax for the half-year, which stood at Rs.236 million, grew by 66% over the year-ago period.

These results are without considering the results of operations of M/s Innovative Business Solutions Inc, a company, which was acquired by 3i Infotech Ltd in September 2005.

Consolidated revenue for the quarter, at Rs.984 million, grew by 43% over the corresponding quarter of the previous year. On a sequential basis, the revenue grew by 9%.

The consolidated revenue for H1 ended September 30, 2005 was at Rs.1883 million, up 40% over H1 last year.

Selling, General and Administration (SGA) expenses for the quarter were 22% of the revenue, as compared to 25% of the revenue in Q2FY05.

Consolidated earning per share for the quarter was Rs.2.17, as compared to Rs.1.73 last year. The half-yearly EPS works out to be Rs.3.76, as compared to Rs.2.30 for the corresponding period of the previous year.