3i Infotech reports 20% rise in its net profit

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.