Dev Information Technology Reports Positive Financial Results for Q3 2024
Dev Information Technology, a microcap IT software company, has recently declared its financial results for the quarter ending September 2024. The company has shown a positive performance in this quarter, with a significant improvement in its score from 3 to 12 in the last 3 months.
According to the financials, Dev Information has seen a growth of 411.6% in its Profit After Tax (PAT) at Rs 8.39 crore compared to the same quarter last year. The company's Net Sales have also increased by 28.59% at Rs 35.94 crore, indicating a positive trend in the near term. Moreover, the company's PAT has been the highest in the last five quarters, showing a positive trend in its profitability.
Dev Information has also been distributing higher dividends to its shareholders, with the Dividend per Share (DPS) being the highest at Rs 0.25 in the last five years. This indicates that the company is generating profits and sharing them with its shareholders.
However, there are some areas that need improvement for Dev Information. The company's Profit Before Tax less Other Income (PBT) has fallen by -304.29% compared to the same quarter last year, and the Operating Profit (PBDIT) has been the lowest in the last five quarters. The company's efficiency has also deteriorated, with the Operating Profit Margin being the lowest at -3.01% in the last five quarters.
Despite these challenges, Dev Information has shown a positive trend in its financial performance for the quarter ending September 2024. With a 'Buy' call from MarketsMOJO, the company seems to be on the right track towards growth and profitability. Investors can keep an eye on this microcap IT software company for potential opportunities in the future.
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