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DEV INFORMATION TECHNOLOGY LIMITED — Earnings Release 2024
May 27, 2024
59295_rns_2024-05-27_c11af570-94a8-4edf-ac9f-de73c4256f1e.pdf
Earnings Release
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Dev Information Technology Limited
Reg. Office: 14, Aaryans Corporate Park, Near Shilaj Railway Crossing, Thaltej-Shilaj Road, Thaltej, Ahmedabad - 380 059. (INDIA) Phone: +91 94298 99852 / 53
www.devitpl.com | [email protected]
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Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479
Date: 27[th] May, 2024
| To, The Manager-Listing Department, The National Stock Exchange of India Limited, Exchange Plaza, Plot No. C/1, G-Block, Bandra Kurla complex, Bandra East, Mumbai-400 051 TradingSymbol: DEVIT |
To, The Secretary, BSE Limited Phiroze Jejeebhoy Towers, Dalal Street Mumbai -400001 TradingSymbol: 543462 |
|---|---|
Subject: Press Release:
Ref.: Regulation 30 (Disclosure of event or information) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Dear Sir/Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we are enclosing herewith the copy of the Media release titled “Dev Information Technology Limited Records a Revenue Growth of 31.75% YoY at Rs. 163.58 Crores”.
Kindly take the above information on your records.
Thanking you,
On behalf of Board of Directors DEV INFORMATION TECHNOLOGY LIMITED
Digitally signed by KRISA KAIRAV SHAH DN: c=IN, o=Personal, title=2582, KRISA KAIRAV pseudonym=CDCD7FC7D81194322A5D754479A99121, 2.5.4.20=85084771729dcbf53eeb59ca8816c302300d8440cb27e 3444c7c94d4181b4266, postalCode=380007, st=Gujarat, serialNumber=0D148FB642AD1A5177D6AC789F641CE2A46A0 172B9661A7716658794938A1AF0, cn=KRISA KAIRAV SHAH SHAH Date: 2024.05.27 14:28:26 +05'30' Krisa Shah (Company Secretary and Compliance Officer) Place: Ahmedabad
Encl.: a/a
| Enterprise Mobility | Infrastructure Management | Computing Cloud |
Digital Services |
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Enterprise Applications
Licensing
Reg. Office: 14, Aaryans Corporate Park, Near Shilaj Railway Crossing, Thaltej-Shilaj Road, Thaltej, Ahmedabad-380 059. (INDIA) Phone: +91-94298 99852 / 53
Dev Information Technology Limited
www.devitpl.com | [email protected]
Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479
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DEV INFORMATION TECHNOLOGY LIMITED Records a Revenue Growth of 31.75% YoY at Rs. 163.58 Crores
May 27, 2024, Ahmedabad: Dev Information Technology Limited (BSE: 543462, NSE: DEVIT), has reported its Audited Financial Results for the Quarter and Year ended March 31, 2024.
CONSOLIDATED FINANCIAL HIGHLIGHTS – FY24
Total Revenue
EBITDA
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Rs.163.58 Crores Rs.15.31 Crores
- 31.75 % + 10.22%
YOY
YOY
| (IN INR CRORES) | (IN INR CRORES) | |||||
|---|---|---|---|---|---|---|
| Q4FY24 | Q4FY23 | Q-o-Q Change |
FY24 | FY23 | Y-o-Y Change |
|
| Total Revenue | 43.44 | 44.26 | -1.85% | 163.58 | 124.16 | 31.75% |
| EBITDA | 6.73 | 5.05 | 33.27% | 15.31 | 13.89 | 10.22% |
| EBITDA Margin | 15.49% | 11.41% | 9.36% | 11.19% | ||
| PAT | 4.15 | 3.63 | 14.33% | 9.34 | 9.02 | 3.55% |
| PAT Margin | 9.55% | 8.20% | 5.71% | 7.26% |
KEY PERFORMANCE HIGHLIGHTS FOR FY24 :
-
As compared to last financial year, our core business operational profits increased
-
Revenue for FY24 stood at Rs.163.58 crores representing a growth of 31.75% YoY as compared to
-
Rs.124.16 crores in FY23
-
EBITDA for FY24 stood at Rs.15.31 crores as compared to Rs.13.89 crores in FY23 representing a
-
growth of 10.22% YoY
-
DEV IT’s current holding in DevX is 28.45% and current valuation of DevX is Rs. 285 Cr
-
DEV IT believes in people first philosophy and this year too, resolved to pay dividend to its shareholders
-
and also ESOP to its employees
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Infrastructure Cloud Digital | Management | Computing | Services |
Enterprise Applications
| Enterprise Mobility
Licensing
Dev Information Technology Limited
Reg. Office: 14, Aaryans Corporate Park, Near Shilaj Railway Crossing, Thaltej-Shilaj Road, Thaltej, Ahmedabad-380 059. (INDIA) Phone: +91-94298 99852 / 53
www.devitpl.com | [email protected]
Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479
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STANDALONE FINANCIAL HIGHLIGHTS – FY24
Total Revenue EBITDA
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Rs.157.28 Crores + 28.95 % + 7.11%
Rs.14.17 Crores
YOY YOY
| (IN INR CRORES) | (IN INR CRORES) | |||||
|---|---|---|---|---|---|---|
| Q4FY24 | Q4FY23 | Q-o-Q Change |
FY24 | FY23 | Y-o-Y Change |
|
| Total Revenue | 37.68 | 41.87 | -10.01% | 157.28 | 121.97 | 28.95% |
| EBITDA | 6.03 | 3.65 | 65.21% | 14.17 | 13.23 | 7.11% |
| EBITDA Margin | 16.00% | 8.72% | 9.01% | 10.85% | ||
| PAT | 3.76 | 2.44 | 54.10% | 8.70 | 8.73 | -0.34% |
| PAT Margin | 9.98% | 5.83% | 5.53% | 7.16% |
KEY PERFORMANCE HIGHLIGHTS FOR FY24 :
-
As compared to last financial year, our core business operational profits increased
-
Revenue for FY24 stood at Rs.157.28 crores representing a growth of 28.95% YoY as compared to
-
Rs.121.97 crores in FY23
-
EBITDA for FY24 stood at Rs.14.17 crores as compared to Rs. 13.23 crores in FY23 representing a
-
growth of 7.11% YoY.
-
DEV IT’s current holding in DevX is 28.45% and current valuation of DevX is Rs.285 Cr
-
DEV IT believes in people first philosophy and this year too, resolved to pay dividend to its shareholders
-
and also ESOP to its employees.
DEV IT, an India-based ITeS company, founded in 1997 and also having its presence in Canada, has since established itself as a reputable player in the IT industry as Technology Solutions Provider delivering Digital Transformation leveraging Cloud, Automation and Data technologies. Listed on NSE and BSE, DEV IT is a CMMi Level 3 appraised
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| Infrastructure Management | Computing Cloud |
Digital Services |
Enterprise Applications
| Enterprise Mobility
Licensing
Dev Information Technology Limited
Reg. Office: 14, Aaryans Corporate Park, Near Shilaj Railway Crossing, Thaltej-Shilaj Road, Thaltej, Ahmedabad-380 059. (INDIA) Phone: +91-94298 99852 / 53
www.devitpl.com | [email protected]
Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479
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company, certified with ISO 27001, ISO 20000, ISO 9001 and providing broad range of IT solutions and services to the clients across the globe as well as esteem public sector clientele across India.
At the heart of our company lies a "People First" approach. We are dedicated to the enduring success of our clients and employees, prioritizing problem-solving and going the extra mile when needed. Our unwavering commitment to building solid relationships with our employees and clients ensures tailored consultations that empower them to achieve their business objectives. While technology is our forte, our primary focus is fostering solid and secure connections with each client. We embrace diversity in all its forms, recognizing that it enriches our company culture, fuels creativity, and strengthens our ability to deliver exceptional solutions to our clients.
For More Information:
DEV IT: www.devitpl.com
Infrastructure Management | Computing Cloud |
Digital Services |
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Enterprise Applications
| Enterprise Mobility |
Licensing