3i Infotech Q4 net at $1.7 M

By agencies   |   Saturday, 23 April 2005, 07:00 Hrs
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MUMBAI: 3i Infotech Ltd., the infotech arm of ICICI Bank Ltd. today reported a consolidated net profit of $1.7 million ( 7.1 crore) for the three months through March.

The company, whose shares debuted on the Bombay Stock Exchange on Friday, did not give a comparable figure for a year earlier but said revenue was up 24 percent.

3i said it expected revenue in the current financial year to March 2006 to grow by 25 to 30 percent from Rs 292 crore last year, with net margins of between 13 and 15 percent.

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