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3i Infotech reports 20% rise in its net profit

22 Jul 2011 Evaluate

3i Infotech has reported results for its first quarter ended June 30, 2011.

The company’s net profit for the quarter has zoomed by 19.96% at Rs 25.06 crore as compared to Rs 20.89 crore for the same quarter last year. Its net sales has soared by 32.40% to Rs 169.97 crore for the quarter under review from Rs 128.38 crore for the corresponding quarter of the previous year.

On consolidated basis, the Group’s net profit has registered a fall of 25.29% at Rs 46.03 crore for the corresponding quarter previous year as compared to Rs 61.16 crore for the quarter ended June 30, 2010. Its net sales have decreased by 24.74% to Rs 479.39 crore for the quarter from Rs 637.01 crore for the similar quarter of the previous year.

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