Dev Information Technology's Q1 FY 2025-26 Quarterly Results

Result Summary

• Dev Information Technology Ltd reported a 1.2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 21.6%.
• Its expenses for the quarter were up by 6.7% QoQ and 31.5% YoY.
• The net profit decreased 49.1% QoQ and decreased 41.2% YoY.
• The earnings per share (EPS) of Dev Information Technology Ltd stood at 0.9 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

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 operating within the technology sector, primarily focusing on providing information technology services. The company is known for offering a range of IT solutions, including software development, IT consulting, and digital transformation services. As of recent developments, Dev Information Technology Ltd has been actively expanding its service offerings to cater to the increasing demand for digital solutions across various industries. However, specific details about the company's latest projects or strategic partnerships are not available in the provided data. The company continues to operate in a competitive landscape, adapting to the ever-evolving technology trends and client needs.

Revenue

In Q1FY26, Dev Information Technology Ltd reported a total income of ₹43.46 crores. This reflects a slight quarter-over-quarter (QoQ) decrease of 1.2% from ₹43.97 crores in Q4FY25. On a year-over-year (YoY) basis, there was a significant increase of 21.6% compared to ₹35.73 crores in Q1FY25. These figures indicate fluctuations in the company's revenue stream over the past year, with a notable expansion in total income annually. The revenue performance highlights the company's ability to generate substantial income growth YoY, despite a marginal decrease QoQ.

Profitability

Dev Information Technology Ltd's profitability metrics for Q1FY26 show variations when compared to previous quarters. The profit before tax (PBT) for Q1FY26 was ₹2.78 crores, marking a 52.4% decrease QoQ from ₹5.84 crores in Q4FY25, and a 42.0% decrease YoY from ₹4.79 crores in Q1FY25. The profit after tax (PAT) stood at ₹2.18 crores, experiencing a 49.1% decrease QoQ and a 41.2% decrease YoY. Earnings per share (EPS) in Q1FY26 was ₹0.90, compared to ₹1.90 in Q4FY25 and ₹1.60 in Q1FY25, reflecting a 52.6% decrease QoQ and a 43.8% decrease YoY. These figures show a decline in profitability from both a quarterly and annual perspective.

Operating Metrics

The operating metrics for Dev Information Technology Ltd indicate a rise in total expenses for Q1FY26, which amounted to ₹40.68 crores. This represents a 6.7% increase QoQ from ₹38.13 crores in Q4FY25 and a 31.5% increase YoY from ₹30.94 crores in Q1FY25. The increase in expenses is a significant factor impacting the overall profitability of the company. The tax paid in Q1FY26 was ₹0.60 crores, which is a 61.5% decrease QoQ and a 43.9% decrease YoY. The data suggests fluctuations in operational costs and tax liabilities over the reported periods, influencing the company's financial outcomes.