Dev IT's Q2 FY25: A Surge in Financial Triumph

Dev Information Technology Limited reports significant financial growth for Q2 FY25 with increases in income and PAT, reflecting operational efficiency and strategic expansion. The focus remains on innovation and client-driven solutions, with future plans for IoT and cybersecurity service enhancements, and expanding market presence in North America.

In an impressive display of financial prowess, Dev Information Technology Limited has posted its unaudited financial results for Q2 and H1 FY25, revealing significant gains across key metrics. The company, known for providing a suite of IT services including Cloud and Digital Transformation, reported a 69.26% year-on-year increase in total income for the consolidated figures, amounting to ₹48.24 crore.

Underlining its operational efficiency, the company achieved a remarkable 329.64% growth in EBITDA, reaching ₹11.23 crore, alongside a profit after tax (PAT) surge by 390.66% to ₹8.07 crore. Pranav Pandya, Founder and Chairman, attributed this success to the team's dedication to innovative and quality-driven solutions, reflecting positively on the EBITDA and PAT margins.

Looking forward, Dev Information Technology plans to broaden its technological horizons with new service lines in IoT and cybersecurity, while also expanding its market footprint in North America. These strategic initiatives are set to reinforce the company's role in the IT services sector and foster sustainable growth aimed at enhancing client benefits.

(With inputs from agencies.)