Dev Information Technology Past Earnings Performance
Past criteria checks 2/6
Dev Information Technology has been growing earnings at an average annual rate of 22.8%, while the IT industry saw earnings growing at 22.5% annually. Revenues have been growing at an average rate of 21.1% per year. Dev Information Technology's return on equity is 19.6%, and it has net margins of 5.2%.
Key information
22.8%
Earnings growth rate
34.4%
EPS growth rate
| IT Industry Growth | 24.3% |
| Revenue growth rate | 21.1% |
| Return on equity | 19.6% |
| Net Margin | 5.2% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Not Many Are Piling Into Dev Information Technology Limited (NSE:DEVIT) Stock Yet As It Plummets 30%
Mar 13
Dev Information Technology Limited's (NSE:DEVIT) P/E Is Still On The Mark Following 29% Share Price Bounce
Dec 23Here's Why We Think Dev Information Technology (NSE:DEVIT) Might Deserve Your Attention Today
Dec 16It's Unlikely That Dev Information Technology Limited's (NSE:DEVIT) CEO Will See A Huge Pay Rise This Year
Sep 24Does Dev Information Technology (NSE:DEVIT) Deserve A Spot On Your Watchlist?
Jun 29Has Dev Information Technology Limited's (NSE:DEVIT) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
Feb 08
Revenue & Expenses BreakdownBeta
How Dev Information Technology makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 1,644 | 85 | 11 | 0 |
| 30 Sep 23 | 1,600 | 97 | 11 | 0 |
| 30 Jun 23 | 1,580 | 92 | 0 | 0 |
| 31 Mar 23 | 1,242 | 90 | 11 | 0 |
| 31 Dec 22 | 1,115 | 60 | 4 | 0 |
| 30 Sep 22 | 1,132 | 29 | 4 | 0 |
| 30 Jun 22 | 1,034 | 16 | 0 | 0 |
| 31 Mar 22 | 998 | 1 | 4 | 0 |
| 31 Dec 21 | 912 | -7 | 4 | 0 |
| 30 Sep 21 | 851 | 10 | 0 | 0 |
| 30 Jun 21 | 883 | 6 | 0 | 0 |
| 31 Mar 21 | 846 | -3 | 8 | 0 |
| 31 Dec 20 | 820 | 15 | 0 | 0 |
| 30 Sep 20 | 794 | 21 | 0 | 0 |
| 30 Jun 20 | 740 | 29 | 0 | 0 |
| 31 Mar 20 | 685 | 37 | 0 | 0 |
| 31 Dec 19 | 598 | 44 | 0 | 0 |
| 30 Sep 19 | 529 | 51 | 0 | 0 |
| 30 Jun 19 | 652 | 47 | 0 | 0 |
| 31 Mar 19 | 758 | 44 | 0 | 0 |
| 31 Mar 18 | 696 | 38 | 0 | 0 |
| 31 Mar 17 | 639 | 30 | 0 | 0 |
| 31 Mar 16 | 473 | 21 | 0 | 0 |
| 31 Mar 15 | 443 | 13 | 0 | 0 |
| 31 Mar 14 | 564 | 11 | 0 | 0 |
Quality Earnings: DEVIT has a large one-off gain of ₹56.9M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: DEVIT's current net profit margins (5.2%) are lower than last year (5.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: DEVIT's earnings have grown significantly by 22.8% per year over the past 5 years.
Accelerating Growth: DEVIT's earnings growth over the past year (41.8%) exceeds its 5-year average (22.8% per year).
Earnings vs Industry: DEVIT earnings growth over the past year (41.8%) did not outperform the IT industry 42%.
Return on Equity
High ROE: DEVIT's Return on Equity (19.6%) is considered low.