IT solutions provider 3i Infotech on Friday said its consolidated net loss has widened to Rs 102.42 crore for the fourth quarter ended March 31, 2014.
It had registered net loss of Rs 74.32 crore in the January-March quarter of the last fiscal, 3i Infotech said in a filing to the BSE.
The company’s revenues also declined marginally to Rs 334.7 crore in Q4, 2013-14, from Rs 337.75 crore in the year-ago period.
Revenues from IT solutions accounted for Rs 316.3 crore, while those from transaction services stood at Rs 18.4 crore.
For the year ended March 31, 2014, the company registered a lower net loss of Rs 357.56 crore as against Rs 504.97 crore in the previous fiscal.
Its revenues declined marginally to Rs 1,307.89 crore in 2013-14, from Rs 1,311.36 crore in 2012-13.