{"id":43436,"date":"2024-08-06T14:56:15","date_gmt":"2024-08-06T09:26:15","guid":{"rendered":"https:\/\/mint-money.in\/index.php\/2024\/08\/06\/dev-it-consolidated-q1-fy25-pat-increased-by-102-percent\/"},"modified":"2024-08-06T14:56:15","modified_gmt":"2024-08-06T09:26:15","slug":"dev-it-consolidated-q1-fy25-pat-increased-by-102-percent","status":"publish","type":"post","link":"https:\/\/mint-money.in\/index.php\/2024\/08\/06\/dev-it-consolidated-q1-fy25-pat-increased-by-102-percent\/","title":{"rendered":"Dev IT Consolidated Q1 FY25 PAT Increased by 102 Percent"},"content":{"rendered":"
\n

Mumbai (Maharashtra) [India], August 6: \u00a0Dev Information Technology Limited, (NSE \u2013 DEVIT, BSE \u2013 INE060X01026),<\/strong> a global IT services company providing Cloud Services, Digital Transformation, Enterprise Applications, and Managed IT Services, with products like Talligence and ByteSigner, has announced its Unaudited Financial Results for the <\/a>Q1 FY25.<\/p>\n

Key <\/strong>Financial Highlights (Consolidated)<\/strong><\/p>\n

Q1 FY25:<\/strong><\/p>\n

\n\n\n\n\n\n\n\n\n
Particulars (<\/strong>\u20b9<\/strong> <\/strong>Cr)<\/strong><\/td>\nQ1 FY25<\/strong><\/td>\nQ1 FY24<\/strong><\/td>\nYoY Change<\/strong><\/td>\n<\/tr>\n
Total Income<\/td>\n35.46<\/td>\n60.67<\/td>\n\u00a0 (41.11%)<\/td>\n<\/tr>\n
EBITDA<\/td>\n6.06<\/td>\n3.29<\/td>\n\u00a0 84.29%<\/td>\n<\/tr>\n
EBITDA (%)<\/td>\n16.96%<\/td>\n5.42%<\/td>\n\u00a0 1154 BPS<\/td>\n<\/tr>\n
PAT<\/td>\n3.72<\/td>\n1.83<\/td>\n\u00a0102.37%<\/td>\n<\/tr>\n
PAT Margin (%)<\/td>\n10.40%<\/td>\n3.01%<\/td>\n\u00a0 739 BPS<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n

Commenting on the performance, Mr. Pranav Pandya Founder & Chairman, said, \u201cWe are delighted to report an exceptional quarter with a remarkable increase in PAT, demonstrating our strategic focus and operational excellence. This impressive growth is attributed to several significant orders received by the company.<\/p>\n

Looking ahead, we are confident that this growth trajectory is sustainable. We have secured a major project with Rajcomp Info Services Ltd. for the Rajkisan Sathi portal, which will enhance agricultural services through a streamlined digital platform, improving both efficiency and service delivery.<\/p>\n

In addition, we have been awarded the Kaushal Darpan portal and application project, aimed at advancing technical education infrastructure in Rajasthan. Furthermore, we have won contracts worth approximately \u20b98 crore for SQL Server Enterprise and Windows Server for the Gujarat Chief Minister\u2019s Office. These achievements not only highlight our success in executing high-impact projects but also position us for continued growth.<\/p>\n

We are committed to leveraging these opportunities, driving innovation, and expanding our market presence in the upcoming quarters.\u201d<\/p>\n

Highlights for Q1 FY25 (April 2024 \u2013 June 2024)<\/strong><\/p>\n

\n\n\n\n\n
Software Order<\/strong><\/td>\n\u00a0 DEV IT secures a significant \u20b9 4.41 Cr order from Lilikoi Holdings, Inc. for custom software and IT infrastructure enhancement. \u00a0<\/td>\n<\/tr>\n
Dividend<\/strong><\/td>\n\u00a0 The Board of Directors recommended a final dividend of 5% (Rs. 0.25 per equity share) for the year ended 31st March 2024, subject to shareholder approval.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mumbai (Maharashtra) [India], August 6: \u00a0Dev Information Technology Limited, (NSE \u2013 DEVIT, BSE \u2013 INE060X01026), a global IT services company providing Cloud Services, Digital Transformation, […]<\/p>\n","protected":false},"author":1,"featured_media":43437,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[232],"class_list":["post-43436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/mint-money.in\/index.php\/wp-json\/wp\/v2\/posts\/43436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mint-money.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mint-money.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mint-money.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mint-money.in\/index.php\/wp-json\/wp\/v2\/comments?post=43436"}],"version-history":[{"count":0,"href":"https:\/\/mint-money.in\/index.php\/wp-json\/wp\/v2\/posts\/43436\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mint-money.in\/index.php\/wp-json\/wp\/v2\/media\/43437"}],"wp:attachment":[{"href":"https:\/\/mint-money.in\/index.php\/wp-json\/wp\/v2\/media?parent=43436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mint-money.in\/index.php\/wp-json\/wp\/v2\/categories?post=43436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mint-money.in\/index.php\/wp-json\/wp\/v2\/tags?post=43436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}