Dev Information Technology Reports Positive Growth in PAT and PBT for Q1 FY25
Dev Information Technology, a microcap IT software company, has recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.
According to the financial report, Dev Information has seen a flat performance in the quarter, with a score of 1 out of 5. However, there are some positive aspects to note. The company’s Profit After Tax (PAT) has grown by 98.2% year on year, and the Profit Before Tax less Other Income (PBT) has grown by 72.93% year on year. This indicates a very positive trend in the near term.
On the other hand, the company’s Net Sales have fallen by -48.73% year on year, showing a very negative trend in the near term.
Despite the mixed performance, Dev Information remains a strong player in the IT software industry. With its consistent growth in PAT and PBT, the company is well-positioned to weather any challenges and continue its success in the market. Investors are advised to hold their positions in the company’s stock, as per MarketsMOJO’s recommendation.
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