3C IT Solutions & Telecoms Reports Improved Half-Year Results, Appoints New CFO
3C IT Solutions & Telecoms reported a profit of Rs. 14.08 lakhs for the half year ended September 30, compared to a loss of Rs. 19.04 lakhs in the previous year, despite a 9.80% decrease in revenue. The company appointed Mrs. Gangarani Devi Mayengbam as its new CFO, effective November 12. The Board acknowledged a delay in submitting the Annual Report to BSE. Auditors noted that bank balance statements of Rs. 2,33,517.99 were not provided for verification.

*this image is generated using AI for illustrative purposes only.
3C IT Solutions & Telecoms (India) Limited has announced its standalone unaudited financial results for the half year ended September 30, showing a turnaround in profitability despite a slight dip in revenue. The company has also made a key appointment to its leadership team.
Financial Performance
The company reported the following financial results for the half year:
| Metric | H1 Current Year | H1 Previous Year | Change |
|---|---|---|---|
| Revenue from Operations | Rs. 2,119.37 lakhs | Rs. 2,348.98 lakhs | -9.80% |
| Net Profit | Rs. 14.08 lakhs | Rs. -19.04 lakhs | Turned Profitable |
Despite a 9.80% year-on-year decrease in revenue, 3C IT Solutions & Telecoms managed to turn a profit of Rs. 14.08 lakhs, compared to a loss of Rs. 19.04 lakhs in the same period last year. This improvement in profitability suggests effective cost management and operational efficiency measures implemented by the company.
New CFO Appointment
The company has appointed Mrs. Gangarani Devi Mayengbam as its new Chief Financial Officer. Mrs. Mayengbam, who is already serving as a Director of the company, brings comprehensive experience in finance, accounting, and regulatory compliance to her new role. Her appointment is effective from November 12.
Key points about the new CFO:
- Mrs. Mayengbam has played a crucial role in setting financial objectives, streamlining processes, and strengthening internal controls.
- Her expertise in financial controlling, process improvement, and automation is expected to support the company's growth and operational efficiency.
- As she is already a Director, no separate remuneration will be payable for her CFO role.
- Mrs. Mayengbam is the wife of the company's Managing Director, Mr. Ranjit Kulladhaja Mayengbam.
Regulatory Compliance
The Board of Directors has acknowledged a communication from the Bombay Stock Exchange regarding the delayed submission of the Annual Report for the financial year ended March 31. This delay was in contravention of Regulation 34 of SEBI (LODR) Regulations, 2015. The Board has directed the Company Secretary to ensure strict adherence to timelines for future compliance.
Auditor's Note
The company's auditors have highlighted that bank balance statements amounting to Rs. 2,33,517.99 were not provided by management, which prevented verification of these bank balances. This note raises questions about the company's financial transparency and internal controls.
As 3C IT Solutions & Telecoms navigates through these financial and operational changes, investors and stakeholders will be watching closely to see how the new CFO addresses the challenges and capitalizes on opportunities for growth in the coming quarters.
Historical Stock Returns for 3C IT Solutions & Telecoms
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.50% | -0.50% | -7.17% | -37.93% | -48.81% | -64.75% |





























