Dev Information Technology Limited has informed the Exchange regarding Outcome of Board Meeting held on May 28, 2026.
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Dev Information Technology Limited reported FY2026 standalone revenue of Rs 16,197.93 lakhs (up 7.5% YoY) and consolidated revenue of Rs 18,950.06 lakhs (up 11% YoY). Net profit surged to Rs 7,424.06 lakhs (standalone) and Rs 7,559.52 lakhs (consolidated), driven by an exceptional gain of Rs 9,354.64 lakhs from DevAccelerator Limited's IPO listing in September 2025. The company divested 25% stake in subsidiary Dhyey Consulting Services for Rs 4.60 crores to Unique Comp, Inc. It also approved sale of products ByteSIGNER and Talligence to associate ByteTechnosys for Rs 11.85 crores. Board recommended 5% dividend (Rs 0.10 per share) subject to AGM approval. Statutory auditors issued unmodified opinion. The company completed stock split (Rs 5 to Rs 2 face value) during the year.
Strong bottom-line growth driven by DevAccelerator IPO exceptional gain. Excluding exceptional items, operational profitability remains modest. The subsidiary divestment and product sales to associate warrant monitoring for related party implications.