3i Infotech LimitedQ1 FY27 Results & Financial Update
3i Infotech Limited: Q1 FY27 consolidated results and company financials – revenue ₹177.94 Cr, PAT ₹6.52 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 Q1 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 ₹177.94 crore for the first quarter ended June 30, 2026, marking a 4.3% increase compared to ₹170.5 crore in the corresponding period of the previous fiscal year, and a sequential growth of 1.3% over ₹175.7 crore in Q4 FY26.
Operational profitability remained resilient with consolidated EBITDA standing at ₹11.5 crore, yielding an EBITDA margin of 6.4%, compared to ₹18.1 crore in Q1 FY26. Management noted that the year-ago EBITDA figure included a one-time other income item of ₹18.4 crore relating to a US ECS credit.
Profit after tax (PAT) for the quarter was recorded at ₹6.52 crore, supported by disciplined cost management, improved operational efficiencies, and a gross margin improvement to 14.4% from 11.2% in Q1 FY26.
The application, automation, and analytics segment continued to anchor the top-line contribution at 73.5% of consolidated revenue, while infrastructure services contributed 18.7% and business process services accounted for 7.8%.
Geographically, the United States remained the largest regional market at 51.2% of revenue, followed by India at 37.5%, the Middle East and Africa at 8.8%, and APAC at 2.4%.
Commercial momentum remained healthy during the quarter, with total contract value (TCV) order bookings reaching ₹240.9 crore, including an annual contract value (ACV) of ₹195.6 crore, alongside the addition of 25+ new client wins.
Profit after tax was ₹6.52 Cr for the reported quarter. EPS was ₹0.31 for the reported quarter.
01 · Business model
What does 3i Infotech do?
3i Infotech Limited provides information technology services and software solutions, leveraging over three decades of operating experience since its incorporation in 1993 and headquarters in Mumbai, India.
The company operates through three primary business segments: Application, Automation & Analytics (AAA) which anchors digital services and application modernization; Infrastructure Services (IS) covering cloud, cybersecurity, and managed data center operations; and Digital Business Process Services (BPS) providing specialized workflow, claims, fund accounting, and collection operations.
Its technology stack is complemented by proprietary new-age product offerings under the NuRe umbrella, including NuRe Flexib+ for quality engineering, NuRe EnGRC for governance and compliance, NuRe Campus for higher education automation, and NuRe Flowbit for sales CRM.
Serving over 300 active global clients spanning banking, financial services, insurance, government, manufacturing, energy, and healthcare, the company delivers solutions through a combination of time-and-material, fixed-price, and outcome-linked engagement models.
02 · Historical context
What shaped the business before this quarter
Founded in 1993 as part of ICICI Bank Limited, the company started offering external IT services in 1999, saw ICICI divest its majority stake in 2002, and completed an initial public offering with listings on NSE and BSE in 2005.
Issued US$50 million in FCCBs with a Singapore Stock Exchange listing in 2006, achieved a 1:1 revenue mix between products and services while crossing ₹1,000 crore in consolidated revenue in 2007, and pursued global acquisitions through leveraged buyouts between 2008 and 2010.
Underwent debt restructuring in 2011, partnered with CRMnext in 2014, and received the 'Best Innovative IT Company of the Year' award during the 2016-2020 cycle.
Completed the transfer of its traditional products business to Apax Partners at an approximate ₹1,000 crore valuation in 2021, invested in education technology platform NuRe Campus in 2022, won its first B2B2C deal from RailTel in 2023, and concluded legacy issue resolutions alongside in-house new-age product development in 2025.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹177.94 Cr |
| Total income | ₹184.33 Cr |
| Profit before tax | ₹5.86 Cr |
| Profit after tax | ₹6.52 Cr |
| EPS | ₹0.31 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
AAA remained the core revenue engine, generating 73.5% of total revenue during Q1 FY27, driven by sustained demand for application modernization, digital transformation, data analytics, and AI-led solutions.
Contributed 18.7% of total revenue, reflecting stable demand for cloud enablement, cybersecurity, digital workplace management, and managed infrastructure services delivered via the company's Global Command Centre.
The Middle East and Africa region demonstrated robust momentum, with quarterly revenue climbing to ₹15.9 crore from ₹9.7 crore in Q4 FY26, representing a 64.0% sequential increase supported by new business wins.
What drove margins
Gross margin expanded to 14.4% in Q1 FY27 from 11.2% in Q1 FY26, reflecting improved operational performance and disciplined delivery execution under the Centre of Excellence (CoE) operating model.
05 · Demand, customers & order book
Where demand is coming from
Secured total contract value (TCV) order bookings of ₹240.9 crore during Q1 FY27, with annual contract value (ACV) totaling ₹195.6 crore.
Added 25+ new clients during the quarter, reducing customer concentration risk; revenue contribution from the top 5 clients stood at 23%, top 10 at 36%, and top 20 at 49%.
Won significant new orders and renewals from Hindustan Petroleum Corporation Limited (IT Facility Management Services), NCDEX (managed infrastructure services), SBI General Insurance (DWBI engagement), PNB Housing Finance (digital infrastructure management), and a leading Indian private sector bank for a large-scale credit card digitisation project covering ~51 lakh records.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Contributed 73.5% of Q1 FY27 revenue (compared to 68.7% in Q1 FY26 and 74.9% in Q4 FY26), focusing on enterprise modernization, AI-powered automation, and reusable accelerators.
Accounted for 18.7% of revenue (compared to 20.8% in Q1 FY26 and 17.6% in Q4 FY26), emphasizing outcome-based pricing, cloud migration, and SASE/SOC security frameworks.
Represented 7.8% of revenue (compared to 10.2% in Q1 FY26 and 8.1% in Q4 FY26), focusing on operational excellence in collections, fund accounting, and claims management.
Geography and market mix
Generated ₹91.2 crore in Q1 FY27 compared to ₹98.3 crore in Q4 FY26, experiencing a sequential moderation of 7.2% while remaining the largest geographic market at 51.2% of total revenue.
Delivered ₹66.6 crore in revenue, marking a 4.9% sequential increase over ₹63.5 crore in Q4 FY26, supported by growth across key domestic customer accounts.
Recorded sharp sequential growth to ₹15.9 crore from ₹9.7 crore in Q4 FY26, up 64.0% QoQ driven by new client acquisitions.
Maintained stable revenue of ₹4.3 crore, unchanged sequentially from Q4 FY26.
07 · Strategy & new businesses
How the company is trying to change its growth mix
Continued the operationalisation of CoE-led delivery models across all business segments to foster closer collaboration between delivery, solutioning, and go-to-market teams using reusable intellectual property and AI accelerators.
08 · Reported developments
What changed operationally
Secured TCV bookings of ₹240.9 crore and added over 25 new clients across diverse global geographies and industry verticals.
09 · Pressure points & risks
What is not going smoothly
Experienced a cybersecurity incident during the quarter, which was successfully managed by activating the incident response framework with a CERT-In empanelled forensic auditor; critical operations were restored quickly with no material impact on business continuity, and subsequent hardening measures were implemented.
10 · Items worth noticing
The line items that can distort a quick read
Management highlighted that the EBITDA figure of ₹18.1 crore in the comparative Q1 FY26 period included a one-time other income item of ₹18.4 crore relating to a US ECS credit.
11 · Management guidance & targets
What management is targeting from here
Management articulated a long-term strategic aspiration to achieve 3x revenue growth and deliver double-digit EBITDA margins by FY30.
12 · Beyond the numbers
What changed beyond the numbers
Reported update
Leadership Strengthening
Appointed experienced business and sales leaders to reinforce the executive team and support CoE-driven AI innovation and domain expansion.
13 · Previous-quarter changes
What changed since the previous quarter
Consolidated operating revenue rose 1.3% sequentially from ₹175.7 crore in Q4 FY26 to ₹177.94 crore in Q1 FY27.
14 · Key Q&A
The quarter, answered directly
What does 3i Infotech do?
3i Infotech Limited provides information technology services and software solutions, leveraging over three decades of operating experience since its incorporation in 1993 and headquarters in Mumbai, India.
What is the clearest takeaway from Q1 FY27?
3i Infotech reported consolidated operating revenue of ₹177.94 crore for the first quarter ended June 30, 2026, marking a 4.3% increase compared to ₹170.5 crore in the corresponding period of the previous fiscal year, and a sequential growth of 1.3% over ₹175.7 crore in Q4 FY26.
What drove revenue or demand?
AAA remained the core revenue engine, generating 73.5% of total revenue during Q1 FY27, driven by sustained demand for application modernization, digital transformation, data analytics, and AI-led solutions.
What mattered most for margins or profitability?
Gross margin expanded to 14.4% in Q1 FY27 from 11.2% in Q1 FY26, reflecting improved operational performance and disciplined delivery execution under the Centre of Excellence (CoE) operating model.
What changed operationally beyond the headline numbers?
Continued the operationalisation of CoE-led delivery models across all business segments to foster closer collaboration between delivery, solutioning, and go-to-market teams using reusable intellectual property and AI accelerators.
What is management guiding or targeting from here?
Management articulated a long-term strategic aspiration to achieve 3x revenue growth and deliver double-digit EBITDA margins by FY30.
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
Execution of Vision 2030 Strategic Roadmap: Monitor the scaling of CoE-driven delivery models, adoption rates of the NuRe product portfolio, and margin progression toward double-digit EBITDA targets.
- 02
Geographic Expansion and Order Conversion: Track the conversion of the ₹240.9 crore TCV order book into recognized revenue across key verticals such as BFSI, IT, and government sectors, alongside recovery in the US market.
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