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.
| 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.
