3i Infotech Q3FY26 Revenue ₹172.1 Crore, PAT ₹2.1 Crore; Files Fraud Complaint
3i Infotech reported Q3 FY26 consolidated revenue of ₹172.1 crore and PAT of ₹2.1 crore. The company raised ₹64.1 crore via rights issue for growth initiatives. It filed a fraud complaint of ₹128 crore against eMudhra and related parties. Arbitration proceedings for the RailTel WiFi project are underway, with the first hearing on February 20, 2026.
The company has reported significant financial results and also disclosed major legal and regulatory events including a substantial fraud complaint and ongoing arbitration proceedings, which have a material impact on the company's future outlook and operations.
The results show a mixed performance with revenue moderation in BPS due to regulatory changes, but stable performance in core digital services. The filing of a fraud complaint and initiation of arbitration are significant negative events, while the rights issue and focus on growth are positive. Overall, the sentiment is neutral due to these offsetting factors.
3i Infotech Limited announced its consolidated financial results for the third quarter of FY26, ending December 31, 2025. The company reported consolidated operating revenue of ₹172.1 crore. EBITDA for the quarter stood at ₹11.4 crore, and Profit After Tax (before exceptional items) was ₹5.5 crore. After accounting for an exceptional item of ₹3.4 crore due to recent changes in labor law guidelines, the Profit After Tax was ₹2.1 crore.
The company's performance reflects a moderation in revenue from select Business Process Services (BPS) engagements, attributed to recent regulatory changes by the Reserve Bank of India impacting BPS-led activities. The United States and India remain key markets, contributing approximately 50% and 40% of the total revenue, respectively. The Application-Automation-Analytics (AAA) vertical led revenue with ₹121.2 crore, followed by Infrastructure Services (IS) at ₹34.8 crore and Digital Business Process Services (Digital BPS) at ₹15.5 crore.
During the quarter, 3i Infotech secured over 80% of key client renewals, contributing 87% of revenue. The company closed the quarter with over 3,700 employees and a voluntary attrition rate of 8%.
3i Infotech raised ₹64.1 crore from a rights issue, which is being invested in competency building, growth engine creation, participation in large bids, and the establishment of Centers of Excellence (CoEs) to enhance product offerings and operational excellence.
In a significant development, the company has filed a complaint with the Economic Offence wing against eMudhra Limited, Mr. Venkatraman Srinivasan, and Mr. Ravi Jagannathan for alleged corporate financial fraud, criminal breach of trust, cheating, and conspiracy related to the disinvestment of its subsidiary 3i Consumer Services Limited (now eMudhra Limited) and redemption of preference shares, involving an amount of ₹128 crore plus interest and penalty. This matter is currently under investigation and sub-judice.
Furthermore, 3i Infotech has initiated arbitration proceedings concerning the RailTel WiFi Monetization Project, with three arbitrators appointed. The first hearing for this matter is scheduled for February 20, 2026.
Mr. Raj Ahuja, Group CEO, commented that Q3 was a quarter of adjustment due to regulatory changes impacting BPS engagements, but core digital and technology services remained steady. He highlighted the momentum in AAA and Infrastructure Services, and the strategic deployment of rights issue funds for future growth and value creation. He emphasized the company's focus on disciplined growth, responsible adaptation, and long-term stakeholder value.
Key financial highlights for Q3 FY26 include consolidated operating revenue of ₹172.1 crore, EBITDA of ₹11.4 crore, and PAT of ₹2.1 crore. Standalone operating revenue was ₹79.6 crore, with PBT before exceptional items at ₹4.6 crore and PAT at ₹2.2 crore.
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