Dev Information Technology Limited has informed the Exchange regarding Board meeting held on August 08, 2025.
DEVIT · price
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Dev Information Technology's board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). On a standalone basis, revenue rose about 17.5% to ₹3,547.68 lakhs and profit after tax surged roughly 101% year-on-year to ₹175.24 lakhs (from ₹87.12 lakhs), with EPS of ₹0.78. On a consolidated basis, revenue grew about 21% to ₹4,298.52 lakhs but profit after tax fell around 41% to ₹218.17 lakhs (from ₹371.75 lakhs), pointing to a weaker contribution from subsidiaries this quarter. Statutory auditors Rinkesh Shah & Co. issued an unmodified limited review report on both sets of results. The filing also re-confirmed that the record date for the sub-division of equity shares (face value ₹5 → ₹2) is August 21, 2025.
Standalone performance was strong with doubled profit, but the consolidated PAT drop may raise questions about subsidiary profitability. Shareholders should note the upcoming 5:2 stock split with record date August 21, 2025, which will improve share affordability and trading liquidity.