3i Infotech LimitedQ2 FY27 Results & Financial Update
3i Infotech Limited: Q2 FY27 consolidated results and company financials – revenue ₹182.01 Cr, PAT ₹6.72 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore 3i Infotech Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
3i Infotech reported consolidated operating revenue of ₹182.01 crore for Q2 FY27, reflecting a sequential increase from ₹177.94 crore in Q1 FY27 and a 4.1% year-on-year growth compared to ₹174.9 crore in Q2 FY26 as stated in company presentations.
Profit after tax for the quarter stood resilient at ₹6.72 crore, representing a slight sequential expansion from ₹6.52 crore in the preceding quarter. Net profit comparisons with the year-ago period reflect the absence of one-off tax credits that had augmented Q2 FY26 earnings.
Total income for Q2 FY27 reached ₹192.45 crore, supported by ₹10.44 crore in other income, up from ₹184.33 crore in Q1 FY27.
Earnings per share for the current quarter stood at ₹0.32, compared to ₹0.31 in Q1 FY27.
Effective October 1, 2026, the company realigned its operating units into Digital Engineering Services (DES), Cloud, Infrastructure & Security Services (CISS), and Business Process Services (BPS), backed by 12 specialized CoEs to sharpen solution delivery.
During the quarter, the company secured 25 new client wins and registered total contract value (TCV) order bookings of ₹467.3 crore, alongside annual contract value (ACV) bookings of ₹379.5 crore.
01 · Business model
What does 3i Infotech do?
3i Infotech Limited provides digital transformation, technology services, and software solutions globally, operating across three core business segments: Digital Engineering Services (DES), Cloud, Infrastructure & Security Services (CISS), and Business Process Services (BPS).
Originally born out of ICICI Bank in 1993, the company maintains deep-rooted domain expertise in the BFSI, IT, government, manufacturing, and consumer sectors, supporting over 300 active global clients.
Delivery is structured around a network of specialized Centres of Excellence (CoEs) and proprietary technology suites, including the NuRe AI ecosystem, focusing on cloud-first, automation-driven, and IP-backed enterprise solutions.
Geographically, the company maintains a balanced global footprint spanning India, the United States, Canada, the Middle East, Africa, and Southeast Asia.
02 · Historical context
What shaped the business before this quarter
Established in 1993 as an affiliate of ICICI Bank, 3i Infotech evolved through global acquisitions and subsequent debt restructuring initiatives before completing a successful rights issue and stabilizing its core operations.
03 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹182.01 Cr | ₹177.94 Cr |
| Total income | ₹192.45 Cr | ₹184.33 Cr |
| Profit before tax | ₹6.72 Cr | ₹5.86 Cr |
| Profit after tax | ₹6.72 Cr | ₹6.52 Cr |
| EPS | ₹0.32 | ₹0.31 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Digital Engineering Services (DES) remained the largest revenue contributor at 74.9% of total revenue in Q2 FY27, driven by application modernization, data and analytics, and AI-led solutions.
Cloud, Infrastructure & Security Services (CISS) accounted for 17.1% of Q2 FY27 revenue, reflecting stable enterprise demand for hybrid cloud, cybersecurity, and managed infrastructure.
Business Process Services (BPS) contributed 7.8% of Q2 FY27 revenue, focusing on operational efficiency and process transformation.
The United States represented 49.1% of Q2 FY27 revenue (₹89.4 crore), India accounted for 34.9% (₹63.6 crore), Middle East and Africa (MEA) contributed 13.5% (₹24.5 crore), and APAC generated 2.5% (₹4.5 crore).
What drove margins
Employee benefits expense stood at ₹111 crore in Q2 FY27, down from ₹123 crore in Q2 FY26. Cost of third-party products and services was ₹53 crore, compared to ₹37 crore in the year-ago quarter.
Other expenses for Q2 FY27 were contained at ₹14 crore, compared to ₹20 crore in Q2 FY26.
EBITDA for Q2 FY27 was reported at ₹13.7 crore with a 7.5% margin, compared to ₹30.5 crore (17.5% margin) in Q2 FY26. The year-ago EBITDA included a one-time US Employee Retention Tax Credit of ₹20.5 crore.
05 · Demand, customers & order book
Where demand is coming from
Secured 25 new client wins during Q2 FY27 across infrastructure, applications, digital engineering, data, cloud, and automation.
Recorded total contract value (TCV) bookings of ₹467.3 crore and annual contract value (ACV) bookings of ₹379.5 crore during the quarter.
Top 5 client contribution to H1 FY27 revenue moderated to 24% from 27% in H1 FY26, reflecting improved customer diversification.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Anchored by application development, maintenance, quality engineering, enterprise applications, and intelligent automation, contributing 74.9% of Q2 FY27 revenue.
Delivered via the Global Command Centre, covering hybrid cloud, managed services, cybersecurity, and AIOps, contributing 17.1% of Q2 FY27 revenue.
Provided specialized customer experience, intelligent business operations, and registrar services, accounting for 7.8% of Q2 FY27 revenue.
Geography and market mix
Generated ₹89.4 crore in revenue in Q2 FY27 (49.1% of total), compared to ₹81.1 crore in Q2 FY26.
Generated ₹63.6 crore in revenue in Q2 FY27 (34.9% of total), compared to ₹74.4 crore in Q2 FY26.
Generated ₹24.5 crore in revenue in Q2 FY27 (13.5% of total), compared to ₹13.2 crore in Q2 FY26.
Generated ₹4.5 crore in revenue in Q2 FY27 (2.5% of total), compared to ₹6.2 crore in Q2 FY26.
07 · Strategy & new businesses
How the company is trying to change its growth mix
Transitioned Business Units effective October 1, 2026, into DES, CISS, and BPS supported by 12 specialized CoEs and 2 corporate CoEs in innovation and information security.
Advanced deployment of proprietary platforms including NuRe Flexib+, NuRe Flowbit, and NuRe Campus to drive IP-led, outcome-driven recurring revenue streams.
08 · Reported developments
What changed operationally
Won significant client engagements and renewals globally, including contracts with ICICI Bank, Eureka Forbes, ONGC Petro additions (OPaL), Krung Thai Bank, and Teachers Federal Credit Union.
Top-10 client concentration for H1 FY27 dropped to 35% from 41% in H1 FY26, highlighting broad-based revenue growth.
09 · Items worth noticing
The line items that can distort a quick read
Year-ago profitability comparables were influenced by a one-time US Employee Retention Tax Credit of ₹20.5 crore received in Q2 FY26.
10 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Net cash flow from operating activities stood at ₹2 crore for H1 FY27, compared to ₹17 crore in H1 FY25.
Total cash and cash equivalents at the end of the period stood at ₹20 crore as of September 30, 2026.
Capital allocation & funding
Secured loans stood at ₹7 crore and short-term borrowings at ₹45 crore as of September 30, 2026.
11 · Management guidance & targets
What management is targeting from here
Management targeted a long-term revenue aspiration of ₹2,030+ crore by 2030, representing approximately 3x FY26 revenue through vertical-focused expansion and M&A.
12 · Beyond the numbers
What changed beyond the numbers
Reported update
Analyst Recognitions
Positioned as an 'Aspirant' by Everest Group in PEAK Matrix for Talent Readiness in Data, Analytics, AI, and Application Services, and as a 'Major Contender' in BFSI IT Services and Next-Gen Quality Engineering.
13 · Previous-quarter changes
What changed since the previous quarter
Operating revenue increased sequentially to ₹182.01 crore in Q2 FY27 from ₹177.94 crore in Q1 FY27.
14 · Key Q&A
The quarter, answered directly
What does 3i Infotech do?
3i Infotech Limited provides digital transformation, technology services, and software solutions globally, operating across three core business segments: Digital Engineering Services (DES), Cloud, Infrastructure & Security Services (CISS), and Business Process Services (BPS).
What is the clearest takeaway from Q2 FY27?
3i Infotech reported consolidated operating revenue of ₹182.01 crore for Q2 FY27, reflecting a sequential increase from ₹177.94 crore in Q1 FY27 and a 4.1% year-on-year growth compared to ₹174.9 crore in Q2 FY26 as stated in company presentations.
What drove revenue or demand?
Digital Engineering Services (DES) remained the largest revenue contributor at 74.9% of total revenue in Q2 FY27, driven by application modernization, data and analytics, and AI-led solutions.
What mattered most for margins or profitability?
Employee benefits expense stood at ₹111 crore in Q2 FY27, down from ₹123 crore in Q2 FY26. Cost of third-party products and services was ₹53 crore, compared to ₹37 crore in the year-ago quarter.
What changed operationally beyond the headline numbers?
Transitioned Business Units effective October 1, 2026, into DES, CISS, and BPS supported by 12 specialized CoEs and 2 corporate CoEs in innovation and information security.
What is management guiding or targeting from here?
Management targeted a long-term revenue aspiration of ₹2,030+ crore by 2030, representing approximately 3x FY26 revenue through vertical-focused expansion and M&A.
15 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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16 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
CoE Integration Execution: Monitor the operational execution and revenue conversion following the October 1, 2026 realignment into DES, CISS, and BPS business units.
- 02
Order Book Realization: Track the conversion of the ₹467.3 crore TCV order bookings secured in Q2 FY27 into recognized operating revenue.
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