Key Financial Highlights (₹ crore)

Standalone Performance Q1 FY27 vs Q1 FY26:

  • Total Income: ₹32.80 crore (vs ₹35.69 crore in Q1 FY26)
  • EBITDA: ₹2.48 crore (vs ₹3.27 crore)
  • EBITDA Margin: 7.57% (vs 9.17%)
  • Net Profit: ₹1.31 crore (vs ₹1.75 crore)
  • Net Profit Margin: 3.99% (vs 4.91%)

Consolidated Performance Q1 FY27 vs Q1 FY26:

  • Total Income: ₹44.64 crore (vs ₹43.46 crore in Q1 FY26)
  • EBITDA: ₹3.99 crore (vs ₹4.03 crore)
  • EBITDA Margin: 8.93% (vs 9.27%)
  • Net Profit: ₹2.11 crore (vs ₹2.18 crore)
  • Net Profit Margin: 4.72% (vs 5.02%)

Historical Reference:

The company reported Consolidated FY26 Total Income of ₹193.50 crore, EBITDA of ₹7.23 crore, and Net Profit of ₹75.60 crore.

Management Commentary

Pranav Pandya, Chairman, commented on the financial performance:

  • Q1 FY27 marked a period of continued execution with focus on strengthening capabilities across cloud services, digital transformation, enterprise applications, and managed IT services
  • Company continued to secure orders from government entities, reinforcing presence in government-led digital transformation initiatives
  • Continued focus on delivering integrated technology solutions, improving operational efficiency, and expanding capabilities in AI, cybersecurity, and cloud
  • Growing portfolio of technology solutions and continued demand for digital transformation supports sustainable growth

Strategic Update

  • Strategic alignment with XDuce expected to create opportunities through combination of XDuce's client relationships and market presence in North America and the UK with DEV IT's engineering capabilities and global delivery infrastructure

Market Context

  • Technology sector continues to see adoption across cloud, AI, cybersecurity, digital transformation, and managed IT services
  • Government digitization and enterprise technology modernization contributing to demand across these segments

Company Background

Dev Information Technology Limited (DEV IT) is a global IT services company founded in 1997, listed on NSE (DEVIT) and BSE (543462), with ISIN INE060X01034. Certified to ISO 20000, ISO 27001, ISO 9001 & CMMI Level 5. Headquartered in Ahmedabad with offices across India and Canada. Offers services including Cloud Services, Digital Transformation, Enterprise Applications, Managed IT Services, and Application Development. Products include Talligence (accounting data analytics platform) and ByteSigner (digital signing solution).