This smallcap IT stock jumps 20% after co swings into profits in Q3 results

3i Infotech share price gained 19.98 per cent at Rs 31.46 a piece on the BSE in Thursday’s intraday trade after the company posted a turnaround in the bottom-line for the third quarter of financial year 2024-25 (Q3FY25).

3i Infotech, an information technology (IT) company reported a wider net profit of Rs 40.6 crore for Q3 FY25, compared to a Rs 29.4 crore loss in the same period last year. During the three months ending December 2024, the company’s revenue declined 15 per cent Y-o-Y to Rs 180 crore, from Rs 212 crore in the corresponding quarter of the previous fiscal.