Dev Information Technology Limited has informed the Exchange that Board of Directors at its meeting held on May 29, 2025, recommended Final Dividend of 0.25 per equity share.
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Dev Information Technology's board, at its May 29, 2025 meeting, approved audited standalone and consolidated financial results for Q4 and FY25 with an unmodified audit opinion. The board recommended a final dividend of Rs. 0.25 per share (5%) on 2.25 crore equity shares of Rs. 5 face value, subject to shareholder approval. Combined with the Rs. 0.25 interim dividend already declared in November 2024, the total FY25 dividend comes to Rs. 0.50 per share. On a standalone basis, revenue was Rs. 150.63 crore (slightly down from Rs. 157.28 crore in FY24), but net profit jumped to Rs. 15.42 crore from Rs. 8.77 crore, with EPS rising to Rs. 6.85 from Rs. 3.96. The company also noted the earlier approval of a stock split (Rs. 5 face value to Rs. 2 face value) for which the record date is yet to be announced, and appointed new secretarial and internal auditors.
The near-doubling of standalone net profit and a consistent Rs. 0.50 total dividend are positive for shareholders, though the small dividend amount limits yield impact. The pending stock split (Rs. 5 to Rs. 2) could improve share liquidity and retail participation once the record date is set.