Dev Information Technology Ltd's Q3FY25 Quarter Results
- 08 Feb 2025
Result Summary
- Dev Information Technology Ltd reported a 0.2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 50.6%.
- Its expenses for the quarter were up by 18.4% QoQ and 53.3% YoY.
- The net profit decreased 77.6% QoQ and increased 6.4% YoY.
- The earnings per share (EPS) of Dev Information Technology Ltd stood at 0.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 48.15 | 48.24 | 31.97 | -0.2% | 50.6% |
Total Expenses | 45.92 | 38.79 | 29.95 | 18.4% | 53.3% |
Profit Before Tax | 2.22 | 9.45 | 2.02 | -76.5% | 9.9% |
Tax | 0.41 | 1.34 | 0.31 | -69.4% | 32.3% |
Profit After Tax | 1.82 | 8.11 | 1.71 | -77.6% | 6.4% |
Earnings Per Share | 0.80 | 3.70 | 0.80 | -78.4% | 0.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Dev Information Technology Ltd is a company engaged in providing IT products and services. The company operates within the broader information technology sector, offering solutions that likely include software development, IT consulting, and systems integration. As of the data available, there are no specific details on recent major developments or changes within the company. It is important to note that any further specific information regarding the company's product lines, market position, or strategic initiatives is not available in the data provided.
Revenue
In Q3FY25, Dev Information Technology Ltd reported a total income of ₹48.15 crores, which shows a slight decrease of 0.2% from ₹48.24 crores in Q2FY25. However, when compared to the same quarter in the previous fiscal year (Q3FY24), the total income increased significantly by 50.6% from ₹31.97 crores. This year-over-year growth indicates a substantial increase in revenue generation over the past year. The quarterly revenue data suggests consistency in income levels over the recent quarters, despite the minor quarter-over-quarter decline.
Profitability
The profitability of Dev Information Technology Ltd in Q3FY25 saw a noticeable decline compared to the previous quarter. The Profit Before Tax (PBT) was ₹2.22 crores, which decreased by 76.5% from ₹9.45 crores in Q2FY25. This decline is mirrored in the Profit After Tax (PAT), which fell to ₹1.82 crores, a drop of 77.6% from ₹8.11 crores in the preceding quarter. Nonetheless, on a year-over-year basis, the company achieved a 9.9% increase in PBT from ₹2.02 crores and a 6.4% increase in PAT from ₹1.71 crores in Q3FY24. The Earnings Per Share (EPS) remained unchanged at ₹0.80 compared to Q3FY24 but saw a significant drop from ₹3.70 in Q2FY25.
Operating Metrics
The financial data for Q3FY25 highlights key operating metrics for Dev Information Technology Ltd, particularly in terms of expenses and tax obligations. Total expenses for the quarter were ₹45.92 crores, which represents an 18.4% increase from ₹38.79 crores in Q2FY25, and a 53.3% rise from ₹29.95 crores in Q3FY24. Tax expenses for Q3FY25 amounted to ₹0.41 crores, reflecting a decrease of 69.4% from ₹1.34 crores in Q2FY25, while showing a 32.3% increase from ₹0.31 crores in Q3FY24. These figures indicate that while the company's expenses have increased both quarter-over-quarter and year-over-year, the tax obligation for the quarter has decreased from the previous quarter, contributing to the overall financial performance for the period.
