Dev Information Technology Limited has informed the Exchange that Board of Directors at its meeting held on May 28, 2026, recommended Final Dividend of Rs. 0.10 per equity share.
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Dev Information Technology Limited reported strong audited financial results for FY2026 ended March 31. On standalone basis, revenue grew to Rs. 16,198 Lakhs (up 8% YoY) with profit after tax of Rs. 7,424 Lakhs, significantly up from Rs. 1,542 Lakhs in FY2025. Consolidated revenue stood at Rs. 18,950 Lakhs with PAT of Rs. 7,560 Lakhs. The exceptional gain of Rs. 9,354 Lakhs was due to DevAccelerator IPO reclassification. The Board recommended a final dividend of Rs. 0.10 per share (5% on face value of Rs. 2), subject to shareholder approval. Additionally, the company approved sale of 25% stake in Dhyey Consulting Services to Unique Comp, Inc for Rs. 4.60 Crores, reducing it from wholly-owned to a subsidiary.
The company delivered exceptional profit growth driven by one-time IPO gains. The modest dividend of Rs. 0.10 per share represents a 5% yield on face value, reflecting a balanced approach between rewarding shareholders and retaining capital for growth. The subsidiary stake sale may have minor positive impact on consolidation.