After Trump’s return, enthusiasm is being seen in IT shares. While on one hand all the sectors are performing poorly, on the other hand the situation of IT is better than others. The results of most of the companies associated with this sector have also been better.
The IT company with shares worth Rs 160 has released its results. IT company Dev Information Technology Ltd. has announced excellent financial results in the second quarter of financial year 2025. The company’s net profit in the July-September 2024 (Q2FY25) quarter increased by 391 percent year-on-year to Rs 8.07 crore. This figure was Rs 1.65 crore in the same quarter last year. During this period, the company’s total revenue also saw a strong growth, which increased by 62 percent to Rs 48.24 crore, whereas last year it was Rs 28.50 crore. The company’s net sales increased by 32 per cent to Rs 163.58 crore in Q2FY25. Net profit increased by 5 percent to Rs 9.48 crore compared to last year.
The company’s shares have given a return of 44 percent in the last 6 months. However, the stock has risen only 15 percent in one year. The market cap of this company is around Rs 361.34 crore and its P/E ratio is 32.53. The company has a debt of Rs 106 crore. Promoters’ stake has increased by 68.74 percent, FIIs’ by 1.45 percent and public’s holding by 29.82 percent.
The stock fell 5 percent to the level of Rs 160 during intraday.
Disclaimer: This information is for informational purposes only and should not be construed as investment advice. It is recommended to consult a financial advisor before making investment decisions.