Company Overview
3i Infotech Limited (BSE: 532628, NSE: 3IINFOLTD) held its 33rd Annual General Meeting on August 28, 2026, presenting comprehensive FY26 results and corporate updates.
Financial Performance
Consolidated Results: The company reported strong performance with total income of ₹783.68 crores (FY25: ₹751.80 crores) and profit after tax of ₹35.10 crores, representing 38.5% YoY growth. EBITDA margins improved significantly from 6.5% to 10.4%, while EPS (basic) stood at ₹1.83. Key financial ratios showed substantial improvement: interest coverage ratio increased 176.3% to 17.10, current ratio improved 14.3% to 1.13, and return on net worth reached 10.26%.
Standalone Results: Revenue from operations was ₹324.62 crores with net profit of ₹20.82 crores. The company recognized an exceptional item of ₹3.41 crores for additional gratuity liability due to implementation of new Labour Codes effective November 2025.
Capital Structure & Corporate Actions
The company successfully completed a ₹64.10 crore rights issue oversubscribed 1.47 times, issuing 3,77,08,165 equity shares at ₹17 per share. This increased paid-up capital from ₹169.63 crores to ₹207.40 crores. Additionally, 68,360 ESOPs were exercised during the year.
Business Segments & Strategy
Revenue segmentation showed Application, Automation & Analytics (AAA) contributing 71% of total revenue with 90% renewal rate, Infrastructure Services at 20%, and Business Process Services at 9%. Geographically, United States accounted for 49% of revenue with 19% YoY growth. The company expanded its NuRe platform ecosystem and entered SAP Partner Ecosystem through its US subsidiary.
Corporate Restructuring
Board approved a Scheme of Amalgamation to merge four wholly-owned subsidiaries (3i Infotech Consultancy Services, 3i Infotech Digital BPS, Versares Digital Technology Services, and NuRe Edgetech) with the parent company. The scheme was filed with NCLT on June 30, 2025, with approval pending. Four dormant offshore subsidiaries were dissolved during FY26.
Governance & Compliance
The company strengthened governance through completion of forensic audit by Shridhar & Associates, constitution of a High-Powered Committee, and filing complaints with Economic Offences Wing and SEBI regarding legacy matters. A cyber security incident occurred on May 16, 2026, but was contained with no material business impact. The company engaged with RBI on FEMA non-compliances dating back to 2005-2019.
Operational Metrics
The company maintained 3,153 permanent employees with median remuneration increase of 0.62% and KMP average increase of 19.2%. Key managerial personnel changes included Mr. Raj Ahuja's re-designation as Group CEO and Mr. Kalpesh Shah's appointment as CFO.
Significant Items
The US subsidiary received an ERTC grant of ₹40.93 crores (USD 4.41 million) under Employee Retention Tax Credit scheme. The company applied to RBI for FEMA approval for set-off of intercompany receivables/payables with foreign subsidiaries.
Forward Outlook
The company targets tripling FY25 revenue base by FY30 under its Vision 2030 strategy. Forward-looking statements are subject to macroeconomic conditions, regulatory changes, and competitive pressures, with actual results potentially differing from expectations.