Dev Information Technology Limited has informed the Exchange about Transcript
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Dev Information Technology reported FY25 consolidated revenue of Rs. 1,839 million, up 11.38% year-on-year, with EBITDA surging 54.91% to Rs. 237.18 million and margins improving to 12.9%. Net profit grew 55.98% to Rs. 147.18 million, with diluted EPS rising to Rs. 6.60 from Rs. 4.18. Q4FY25 revenue grew 17.77% to Rs. 517.84 million. The company secured strategic government contracts with Lok Sabha, Rajya Sabha, and state governments, with government business making up 55-57% of total revenue. Management highlighted strong traction in cybersecurity (~Rs. 200 lakh orders in FY25, expected to double), AI/BI, and blockchain segments, and is targeting 45-50% of revenue from overseas markets over the next two years. A share split from Rs. 5 to Rs. 2 face value is expected to be announced soon.
Strong FY25 results with significant margin expansion and profit growth are positive for shareholders. The focus on higher-margin overseas business, cybersecurity, and AI products could drive further margin improvement. However, revenue base remains relatively small and government business (which has lower margins) still dominates the mix.