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DEV INFORMATION TECHNOLOGY : Q4 2024 Financial Quarterly Report : YoY Sales Down 1.86 %, QoQ Up 36.87 %

June 14, 2024June 14, 2024| adminadmin| 0 Comments| 5:35 pm
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Highlights

  • Sales over the Year and quarter: The company’s sales declined by -1.86 % over the year, substantial increase in net sales/revenue by 36.87 %.
  • Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 35.9 %. Marginal increase in other income during this quarter, up by 130.43%.
  • Profit over the Year and quarter: Significant improvement in profitability for DEV INFORMATION TECHNOLOGY LIMITED. Notable increase of 19.04 % in net profit Year to Year, DEV INFORMATION TECHNOLOGY LIMITED’s profitability increased by 150.32 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 14.11 % Year to Year. EPS increased by 141.56 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of DEV INFORMATION TECHNOLOGY LIMITED”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 44.26 Cr Rs. 31.735 Cr Rs. 43.436 Cr + 36.87 % -1.86 %
Expenses Rs. 39.41 Cr Rs. 29.29 Cr Rs. 37.24 Cr + 27.14 % -5.51 %
Operating Profit Rs. 4.85 Cr Rs. 2.45 Cr Rs. 6.2 Cr + 153.06 % + 27.84 %
OPM % 10.96 % 7.72 % 14.27 % + 6.55 % + 3.31 %
Other Income Rs. 0.39 Cr Rs. 0.23 Cr Rs. 0.53 Cr + 130.43 % + 35.9 %
Interest Rs. 0.24 Cr Rs. 0.33 Cr Rs. 0.4 Cr + 21.21 % + 66.67 %
Depreciation Rs. 0.37 Cr Rs. 0.33 Cr Rs. 0.5 Cr + 51.52 % + 35.14 %
Profit before tax Rs. 4.63 Cr Rs. 2.02 Cr Rs. 5.83 Cr + 188.61 % + 25.92 %
Tax % 23.3 % 15.21 % 26.65 % + 11.44 % + 3.35 %
Net Profit Rs. 3.6 Cr Rs. 1.71 Cr Rs. 4.28 Cr + 150.29 % + 18.89 %
EPS in Rs Rs. 1.62 Rs. 0.77 Rs. 1.86 + 141.56 % + 14.81 %


Today, we’re looking at DEV INFORMATION TECHNOLOGY LIMITED’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -1.86 %. However, it did see a marginal increase of 36.87 % from the previous quarter. Expenses ticked up slightly by 27.14 % quarter-on-quarter, aligning with the annual decline of -5.51 %. Operating profit, while up 27.84 % compared to last year, faced a quarter-on-quarter increase of 153.06 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 3.31 %, but an expansion of 6.55 % sequentially. Other income rose by 130.43 % compared to the last quarter, despite an annual growth of 35.9 %. Interest expenses surged remarkably by 21.21 % from the previous quarter, yet the year-over-year increase remains at a moderate 66.67 %. Depreciation costs climbed by 51.52 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 35.14 %. Profit before tax grew annually by 25.92 % but saw an increase from the preceding quarter by 188.61 %.
Tax expenses as a percentage of profits increased slightly by 3.35 % compared to last year, with a more notable quarter-on-quarter increase of 11.44 %. Net profit rose by 18.89 % year-on-year but experienced a 150.29 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 14.81 % but a quarterly rise of 141.56 %. In summary, DEV INFORMATION TECHNOLOGY LIMITED’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 44.26 Cr Rs. 31.735 Cr Rs. 43.436 Cr + 36.87 % -1.86 %
Expenses Rs. 39.41 Cr Rs. 29.29 Cr Rs. 37.24 Cr + 27.14 % -5.51 %
Operating Profit Rs. 4.85 Cr Rs. 2.45 Cr Rs. 6.2 Cr + 153.06 % + 27.84 %
Net Profit Rs. 3.6 Cr Rs. 1.71 Cr Rs. 4.28 Cr + 150.29 % + 18.89 %
EPS in Rs Rs. 1.62 Rs. 0.77 Rs. 1.86 + 141.56 % + 14.81 %


In reviewing DEV INFORMATION TECHNOLOGY LIMITED’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -1.86 % year-on-year, however, there was a minor increase of 36.87 % from the previous quarter. Expenses decreased by -5.51 % compared to the previous year, with a 27.14 % increase quarter-on-quarter. Operating Profit surged by 27.84 % annually, and saw a 153.06 % increase from the last quarter.
Net Profit showed yearly increase of 18.89 %, and experienced a 150.29 % increase from the previous quarter. Earnings Per Share (EPS) rose by 14.81 % annually, however rose by 141.56 % compared to the last quarter. In essence, while DEV INFORMATION TECHNOLOGY LIMITED exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.

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