Shares of 3i Infotech Ltd. gained over 3% after the company announced a ₹37.05 crore order from Hindustan Petroleum Corporation Ltd. (HPCL) for IT Facility Management Services.
The Mumbai-based IT company said the three-year contract was received on June 9, 2026. The disclosure was made a day later after completion of internal review and formalities.
The stock was trading at ₹16.97, up 3.29% from the previous close of ₹16.43. The company has a market capitalisation of ₹351.96 crore.
Scope of the contract
The order covers HPCL’s:
- Corporate R&D Centre
- Visakh Refinery
- Head Office
- Zones
- ISC locations
- Multiple sites across India
Services to be provided include:
- Skilled manpower support
- Desktop and endpoint support
- Printer and scanner support
- Server support
- VMS endpoint support
- Travel assistance
- Other IT infrastructure services
The contract is domestic in nature and does not involve related parties.
Annual revenue contribution
The order is valued at ₹37.05 crore, translating into an annual revenue run rate of around ₹12.35 crore.
Compared with FY26 consolidated revenue of ₹693 crore, the contract value represents:
- About 5.35% of annual revenue on a total contract basis
- Around 1.78% on an annualised basis
Operating performance remains under pressure
The HPCL order comes at a time when the company’s operating business remains weak.
Quarterly revenue has remained largely unchanged, moving from about ₹178 crore in mid-FY24 to ₹175 crore in Q4 FY26.
According to the figures cited in the source copy, operating margins were negative in three quarters of FY26:
- June quarter: -2%
- September quarter: -3%
- March quarter: -5.5%
Only the December quarter reported a positive operating margin of 0.22%.
FY26 profit supported by other income
3i Infotech reported net profit of ₹35.1 crore in FY26.
The company recorded ₹86.9 crore as other income during the year. According to the data cited in the source copy, core operations remained loss-making on an aggregate basis.
The stock is currently trading at a P/E ratio of 9.71 and at around 0.92 times book value.
Balance sheet indicators
The source copy noted that:
- Contingent liabilities stood at ₹230 crore
- Market capitalisation was about ₹341 crore
- The company has not declared a dividend despite reporting net profit
3i Infotech has been reducing debt over several years through asset sales. According to the source material, that process is continuing.
Company profile
Founded in 1993, 3i Infotech provides software and digital transformation services to enterprises across global markets. The company offers a range of IT solutions aimed at modernising and managing business systems.
TL;DR:
3i Infotech has received a ₹37.05 crore IT Facility Management Services contract from HPCL for a period of three years. The order covers HPCL’s refineries, head office and other locations across India.
AI summary:
- 3i Infotech won a ₹37.05 crore order from HPCL.
- The contract will run for three years.
- Services include desktop, server and endpoint support.
- Shares rose more than 3% after the announcement.
- Operating margins were negative in three of four quarters in FY26.
