Dev Information Technology Limited has informed the Exchange regarding Outcome of Board Meeting held on May 28, 2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Dev Information Technology Limited reported standalone revenue of Rs 16,197.93 Lakhs for FY26 (up 7.5% from Rs 15,062.94 Lakhs), while consolidated revenue stood at Rs 18,950.06 Lakhs (up 11%). The company posted standalone PAT of Rs 7,424.06 Lakhs vs Rs 1,542.04 Lakhs last year, a jump of 381%, driven by an exceptional gain of Rs 9,236.13 Lakhs from DevAccelerator Limited's IPO listing. Consolidated PAT was Rs 7,559.52 Lakhs. The Board recommended a final dividend of Rs 0.10 per share (5%) for FY26. The company also approved selling its 25% stake in Dhyey Consulting Services to Unique Comp, Inc for Rs 4.60 Crores, reducing it from a wholly-owned to a subsidiary. Statutory auditors issued unmodified opinions on both standalone and consolidated financials.
The PAT surge appears dramatic at 381% but is largely inflated by a one-time exceptional gain from DevAccelerator's IPO; stripping this out shows modest underlying profitability growth. The dividend recommendation offers modest shareholder returns. The stake sale in Dhyey Consulting indicates strategic portfolio restructuring.