3i Infotech Remains Resilient in Challenging Market, But Receives 'Strong Sell' Rating from MarketsMOJO

Despite these negative financial results, 3i Infotech remains a strong player in the IT software industry. With a microcap size, the company has shown resilience in the face of challenging market conditions. However, according to MarketsMOJO, the stock call for 3i Infotech is currently a 'Strong Sell'.

The company's financial performance for the quarter ending March 2024 has been declared on May 31, 2024. The score has fallen to -12 from -6 in the last 3 months, indicating a decline in overall performance.

One of the major factors contributing to this decline is the Profit Before Tax less Other Income (PBT) which has fallen to -47.05 crore, a decrease of 559.2% compared to the average PBT of the previous four quarters. This trend is expected to continue in the near term.

Similarly, the Profit After Tax (PAT) has also seen a significant decline of 403.9% compared to the average PAT of the previous four quarters. The company's ability to manage interest payments has also deteriorated, with the Operating Profit to Interest ratio at its lowest in the last five quarters.

The Operating Profit (PBDIT) has also seen a decline, with the lowest figure of -37.02 crore in the last five quarters. This trend is expected to continue in the near term, along with a decrease in the Operating Profit Margin, which is currently at its lowest at -18.79%.

Despite these challenges, 3i Infotech remains a strong player in the IT software industry and has shown resilience in the past. However, investors should take note of the current stock call of 'Strong Sell' by MarketsMOJO and make informed decisions based on their risk appetite.