Slide 1: Earnings Presentation Q2FY25 filing letter
Dev Information Technology Limited Reg. Office: 14, Aaryans Corporate Park, Near Shilaj Railway Crossing, Thaltej-Shilaj Road, Thaltej, Ahmedabad - 380 059. (INDIA) Phone: +91 94298 99852 / 53 www.devitpl.com | info@devitpl.com Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC
Slide 2: Q2 & H1 FY25 Investor Presentation
DEV Information Technology Limited Q2 & H1 FY25 Investor Presentation
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the Presentation), which have been prepared by DEV Information Technology Limited (DEV IT, The Company) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities
Slide 4: Q2 & H1 FY25 Operation & Financial Highlights
Q2 & H1 FY25 Operation & Financial Highlights
Slide 5: Order Wins: Building Unstoppable Momentum in the Business
Order Wins: Building Unstoppable Momentum in the Business Order from CMO Order from Gujarat Order from RajCOMP Order from RajCOMP Order from RajCOMP Office Gujarat State Fertilizers & Info Services Ltd. Info Services Ltd. Info Services Ltd. Government Chemicals Limited. Study, Design, Study, Design,
Slide 6: Strategic Acquisition: Acquires 100% Ownership in Dhyey Consulting Services
Strategic Acquisition : Acquires 100% Ownership in Dhyey Consulting Services DCS specializes in Microsoft Dynamics 365 & Power Platform solutions Dhyey’s Expertise 300+ successful global Microsoft Dynamics 365 & implementations Power Platform solutions Prominent Clients Gujarat Urja Vikas Nigam Ltd
Slide 7: Q2 FY25 Key Financials Highlights
Q2 FY25 Key Financials Highlights Total Income EBITDA PAT EBITDA % PAT Margin 11.23 48.24 23.28 8.11 16.81 28.50 9.17 2.61 5.80 1.65 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 All Amount In ₹ Crores & Margins In % DEV Information Technology Limited 6
Slide 8: H1 FY25 Key Financials Highlights
H1 FY25 Key Financials Highlights Total Income EBITDA PAT EBITDA % PAT Margin 17.29 89.18 83.97 20.59 11.83 14.09 5.90 6.62 3.48 3.91 H1 FY25 H1 FY24 H1 FY25 H1 FY24 H1 FY25 H1 FY24 All Amount In ₹ Crores & Margins In % DEV Information Technology Limited 7
Slide 9: Q2 & H1 FY25 Profit & Loss Statement
Q2 &H1 FY25 Profit & Loss Statement In ₹ Cr Particulars Q2 FY25 Q1 FY24 YoY H1 FY25 H1 FY24 YoY Net Sales 35.94 27.95 71.40 88.40 Other Income 12.31 0.56 12.58 0.77 Total Income 48.24 28.50 69.26% 83.97 89.18 -0.06% Raw Material Expenses 12.95 5.93 19.71 44.80 Employee Benefit Expenses 22.07 18.42 4
Slide 10: Company Overview
KKK Company Overview
Slide 11: DEV IT: Innovating IT Solutions For A Digital Future
DEV IT: Innovating IT Solutions For A Digital Future DEV Information Technology Limited (DEV IT, The Company) is one of the leading providers of integrated IT services and solutions. The Company specializes in Cloud Services, Digital Transformation, Enterprise Applications, Managed IT Services, and
Slide 12: Quantifying Success: Key Stats
Quantifying Success: Key Stats 25+ 1,800+ 20+ 7.2 lakh 11 Cities Featuring Years of Experience Completed Projects Industries Served Office Space Under Co-Working Spaces Management for Co-Working Space 600+ 1,000+ 90% 11,000 22 Clients Served Passionate Workforce Client Retention Rate Seats Centres F
Slide 13: Strength In Strategy: Vision, Mission & Core Values
Strength In Strategy: Vision, Mission & Core Values Vision Mission Core Values Be a trusted, technology Listen to customer, At the heart of our neutral and value-based explore technological culture lie our core end-to-end IT partner for alternatives, deliver values, guiding our organizations across
Slide 14: From Vision To Reality: Key Chapters Of Growth
From Vision To Reality: Key Chapters Of Growth 1997 2000 2010 2012 Foundation and Vision Government Accreditation Strategic Expansion International Expansion Founded as a Microsoft Accredited as a Total Expanded into Managed IT Services Established a subsidiary, DEV ISV partner in Gujarat Solution P
Slide 15: Awards & Accolades: The Hallmarks Of Excellence
Awards & Accolades: The Hallmarks Of Excellence 2024 2023 Gavriella Schuster IAMCP D&I Partner of the Year | MICROSOFT | Best Emerging SI Partner CRN | Blockchain IP Creation Rising Star (Enterprise) 2022 Channels Award | The Futuristic 100 VAR INDIA | Best Digital Channel World India Premier 100 IA
Slide 16: Awards & Accolades: The Hallmarks Of Excellence
Awards & Accolades: The Hallmarks Of Excellence 2021 HR Excellence Awards Best Solution Partner ISV SME Channels Super SME CHANNELS | ISV of India Channel World Premier 100 for best organizational practices at the 20th Star Night Awards Hero Award Award, Resilient 100 in Employee Relations & Pandemi
Slide 17: Awards & Accolades: The Hallmarks Of Excellence
Awards & Accolades: The Hallmarks Of Excellence 2019 Best SI Managed Services Provider Award One of the Torch Bearers of Gujarat IT Industry IDG Channel World Premier 100 Awards by GESIA IT by GESIA IT Association SKOCH Achiever Order-of-Merit Award ISODA Award for Business Excellence TECHPLUS MEDIA
Slide 18: DEV IT's Presence
DEV IT’s Presence United States United Kingdom United States France Jaipur, Rajasthan United States Ahmedabad, Gujarat Pune, Maharashtra Kochi, Kerla Saudi Arabia Head Office India Branch Offices Subsidiary Partners Australia Clients DEV Information Technology Limited 17
Slide 19: Trusted Partnerships & Proven Excellence
Trusted Partnerships & Proven Excellence Key Partners Certifications DEV Information Technology Limited 18
Slide 20: Marquee Clients In Private Sector
Marquee Clients In Private Sector The Company Has An Extensive Portfolio Of Over 250 Clients In The Private Sector, Contributing To 30-35% To The Total Revenue DEV Information Technology Limited 19
Slide 21: Marquee Clients In Government Sector
Marquee Clients In Government Sector The Company Has An Extensive Portfolio Of Over 100 Clients In The Government Sector, Contributing To 40-50% To Total Revenue DEV Information Technology Limited 20
Slide 22: DEV Labs: Leading The Way In Innovation Through Creative Thinking
DEV Labs: Leading The Way In Innovation Through Creative Thinking DEV Labs The R&D lab is recognized as the cornerstone of the company, driving the development of cutting-edge solutions that ensure the company remains at the forefront of technological advancements. Major Focus Artificial Intelligenc
Slide 23: Management Overview
KKK Management Overview
Slide 24: Steering Success: The Visionaries Of The Board
Steering Success: The Visionaries Of The Board Pranav Pandya Jaimin Shah Vishal Vasu Prerak Shah Founder & Chairman MD & CEO Director & CTO Ext. Director & JT. CEO 30+ Years of Experience 28+ Years of Experience 30+ Years of Experience 28+ Years of Experience DEV Information Technology Limited 23
Slide 25: Independent Leadership: Driving Governance
Independent Leadership: Driving Governance Dr. V V Rama Subba Rao Mr. Umesh Rateja Dr. Rama Moondra Mr. Jatin Y. Trivedi Independent Director Independent Director Independent Director Independent Director 36+ Years of Experience 28+ Years of Experience 35+ Years of Experience 28+ Years of Experience
Slide 26: Business Overview
KKK Business Overview
Slide 27: DEV IT's Comprehensive Solutions
DEV IT’s Comprehensive Solutions IT Services IT Products Co Working Space • Cloud Services • Digital Transformation • Enterprise Application • Managed IT Services • Application Development DEV Information Technology Limited 26
Slide 28: Empowering Businesses with Comprehensive Digital Solutions
Empowering Businesses with Comprehensive Digital Solutions Optimized cloud solutions for the modern o Cloud Advisory enterprise can boost business efficiency o Application Modernization Cloud Services and scalability. A cloud solution provider o Managed Cloud Services tailors services to meet the ev
Slide 29: Empowering Businesses with Comprehensive Digital Solutions
Empowering Businesses with Comprehensive Digital Solutions Businesses can empower themselves with agile enterprise business applications. By o Microsoft D365 F&O Enterprise utilizing ERP and CRM solutions, they can o Microsoft D365 CRM navigate the modern business landscape D365 Business Central App
Slide 30: ByteSIGNER: Streamlining Digital Signing For Businesses
ByteSIGNER: Streamlining Digital Signing For Businesses ByteSIGNER is a desktop application that streamlines digital signing and supports bulk signing of PDFs, promoting efficiency and a paperless office for enterprises of all sizes. Key Features Bulk PDF Signing Manual and Automated Options Customi
Slide 31: Talligence: Transforming Tally Data Into Strategic Insights
Talligence: Transforming Tally Data Into Strategic Insights Talligence is an AI/ML business intelligence tool that converts Tally® accounting data into actionable insights for smarter, data-driven decisions without needing specialized skills. Key Features Secure, Encrypted Data Insightful Dashboards
Slide 32: DEVX: Pioneering Managed Office Spaces & Startup Ecosystem
DEVX: Pioneering Managed Office Spaces & Startup Ecosystem DEVX, headquartered in Ahmedabad, is one of the leading provider of managed office spaces and a key player in India’s startup accelerator ecosystem. Offering fully customized office solutions, DEVX manages everything from setup to daily oper
Slide 33: DEVX: Network Of Co-Working Spaces
DEVX: Network Of Co-Working Spaces Noida Jaipur Occupied Seats & Occupancy Udaipur 12,000.00 90% Ahmedabad Rajkot Gandhinagar 10,232.00 80% Indore Vadodara 10,000.00 78% 70% Mumbai 8,000.00 53% 60% Pune 46% 50% Hyderabad 6,000.00 4,334.00 40% 4,000.00 30% 1,934.00 20% 2,000.00 10% 0.00 0% FY22 FY23
Slide 34: Revenue Bifurcation by Client Segment
Revenue Bifurcation by Client Segment FY24 In % In % In % FY23 FY22 39.49% 49.38% 50.62% 49.62% 50.38% 60.51% Government Corporate In ₹ Cr Particulars FY24 FY23 FY22 Government 79.62 61.45 39.11 Corporate 77.66 60.52 59.92 Total 157.28 121.97 99.03 In FY24, revenue from government sector contributed
Slide 35: Region Wise Revenue Distribution
Region Wise Revenue Distribution FY24 In % In % In % FY23 FY22 18.00% 24.00% 27.00% 76.00% 73.00% 82.00% Domestic International In ₹ Cr Particulars FY24 FY23 FY22 Domestic 129.49 93.02 71.90 International 27.80 28.95 27.13 Total 157.28 121.97 99.03 In FY24, domestic revenue contributed 82%, while in
Slide 36: Talent Expansion: Building A Stronger Tomorrow
Talent Expansion: Building A Stronger Tomorrow Workforce No. of Employees 1031 947 1,000 181 930 Current Employees Net Addition In FY24 749 ~6.00% 13.01% DEV IT’s Attrition Industry’s Rate Attrition Rate 2021 2022 2023 2024 Source of IT Industry Attrition Rate: www.livemint.com DEV Information Techn
Slide 37: Industry Overview
KKK Industry Overview
Slide 38: Global Technology Sector Outlook: Challenges & Projected Growth
Global Technology Sector Outlook: Challenges & Projected Growth The technology sector, after rapid pandemic-driven growth, now faces challenges like high inflation, rising interest rates, and global uncertainties, leading to reduced demand and layoffs. Despite this, modest growth is projected for 20
Slide 39: Navigating India's IT Industry Landscape
Navigating India’s IT Industry Landscape IT & BPM sector contributed 7.5% to India’s GDP in FY22-23, projected to reach 10% by FY24-25. In (USD Bn) Indian IT & Business Spending 138.6 Software Product Sector Expansion AI/Data Annotation Expansion 124.7 Expected to reach USD 100 Bn market Expected to
Slide 40: Driving Digital Transformation: Government's Strategic Initiatives
Driving Digital Transformation: Government’s Strategic Initiatives India AI Mission Affordable Data Costs In March 2024, the Indian Cabinet India maintains its position as a approved an impressive ₹ 10,300 Cr leader in affordable data, with costs for the India AI Mission, marking a remaining at just
Slide 41: Co-Working Spaces: Empowering Startups and Growth
Co-Working Spaces: Empowering Startups and Growth The global Co-working Space Market size was valued nearly USD 9.27 The India co-working office spaces market is valued at USD 1.94 Bn in Bn in 2023 and is expected to grow at a CAGR of 6.80% over 2024- 2024 and is expected to reach USD 2.72 Bn by 202
Slide 42: Market Trends in Co-working space
Market Trends in Co-working space Changing Employee Needs Flexible Tariffs High demand for hybrid and flexible Customizable service work patterns; employees seek safe, packages to suit business secure workplaces that enhance needs. connectivity. SME Adoption Cost Efficiency Co-working spaces are Sig
Slide 43: Financial Overview
KKK Financial Overview
Slide 44: Consolidated Key Financials Highlights
Consolidated Key Financials Highlights Total Income EBITDA Net Comprehensive Income EBITDA % NCI % 165.12 15.31 131.12 13.89 10.60 9.27 100.91 6.88 9.02 9.34 5.85 5.65 5.91 -0.11 -0.11 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 All Amount In ₹ Crores & Margins In % DEV Information Technology Limit
Slide 45: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement In ₹ Cr Particulars FY24 FY23 FY22 Net Sales 163.58 124.16 99.82 Other Income 1.54 6.97 1.09 Total Income 165.12 131.12 100.91 Raw Material Expenses 71.01 60.71 44.27 Employee Benefit Expenses 72.25 51.28 44.78 Other expenses 6.55 5.24 5.96 Total Expenditure 149.
Slide 46: Consolidated Balance Sheet
Consolidated Balance Sheet In ₹ Cr Equity & Liabilities FY24 FY23 FY22 Assets FY24 FY23 FY22 Equity 11.24 11.06 11.04 Non Current Assets Reserves 44.21 30.49 21.75 Fixed Assets 25.24 15.39 10.73 Non Controlling Interests 2.83 0.06 -0.01 Non Current Investments 3.48 3.19 2.98 Net Worth 58.28 41.61 32
Slide 47: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement In ₹ Cr Particulars FY24 FY23 FY22 Cashflow from Operations -0.79 -1.65 5.81 Cashflow from Investments -2.11 -0.65 -2.13 Cashflow from Financing 3.80 -4.33 -2.68 DEV Information Technology Limited 46
Slide 48: Consolidated Key Ratios
Consolidated Key Ratios (In %) (In %) ROE ROCE 21.68 25.85 16.26 19.50 9.57 -0.22 FY22 FY23 FY24 FY22 FY23 FY24 (In Times) (In Times) Debt To Equity Interest Coverage Ratio 0.29 9.81 9.11 0.22 0.17 4.37 FY22 FY23 FY24 FY22 FY23 FY24 DEV Information Technology Limited 47
Slide 49: Consolidated Key Ratios
Consolidated Key Ratios (In Times) (In Times) Current Ratio Fixed Asset Turnover Ratio 9.30 2.08 2.10 8.10 6.50 1.52 FY22 FY23 FY24 FY22 FY23 FY24 (In ₹) (In ₹) Earnings Per Share Book value 4.18 29.69 4.06 25.92 18.81 -0.03 FY22 FY23 FY24 FY22 FY23 FY24 *Note: Stock Split From Rs.10/- to Rs.5/-Reco
Slide 50: Stock Data
Stock Data As on 12-11-2024 As on 30-09-2024 NSE – DEVIT BSE - 543462 Shareholding Pattern Share Price (₹) 148.15 Market Capitalization (₹ Cr) 333.11 31.27 Promoter & Promoter Group No. of Shares Outstanding 2,24,84,679 Public Face Value (₹) 5.00 68.73 52 week High-Low (₹) 174.75 – 94.00 Share Perfo
Slide 51: Scaling New Heights: 2026 Strategy for Expansion & Innovation
Scaling New Heights: 2026 Strategy for Expansion & Innovation Geographical Technology Profit & Revenue Strategic Export Revenue Expansion Enhancement Target Acquisition Target Enhance technology Aim to increase profits Target for around 100% Strengthen North capabilities by adding and revenue by aro
Slide 52: Strategic Investment Rationale: Sustained Growth and Stability
Strategic Investment Rationale: Sustained Growth and Stability Strong Financial Performance Experienced Leadership The company has shown strong financial growth with a 25% The company’s management team has 75+ years of combined CAGR growth in revenue and 32% CAGR growth in PAT from experience, while
Slide 53: Thank You
DEV Information Technology Limited 14, Aaryans Corporate Park, Thaltej-Shilaj Rd, Thaltej, Ahmedabad - 380059, Gujarat (IN) krisa.patel@devitpl.com E-mail: krisa.patel@devitpl.com Phone: +91 94298 99852 | +91 98791 07870 Website: www.devitpl.com Thank You Kirin Advisors Private Limited 713-B, Lodha