Dev Information Technology Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Dev Information Technology Limited reported standalone revenue of Rs. 16,197.93 Lakhs for FY2026, up 7.5% from Rs. 15,062.94 Lakhs in FY2025. Consolidated revenue stood at Rs. 18,950.06 Lakhs, an 11% increase from Rs. 17,066.38 Lakhs. Standalone profit after tax surged to Rs. 7,424.06 Lakhs from Rs. 1,542.04 Lakhs, while consolidated PAT was Rs. 7,559.52 Lakhs versus Rs. 1,477.97 Lakhs. However, the massive profit growth is largely due to an exceptional gain of Rs. 9,236.13 Lakhs (standalone) and Rs. 9,354.64 Lakhs (consolidated) from DevAccelerator Limited's IPO listing in September 2025. The company recommended a final dividend of Rs. 0.10 per share (5% on face value). Operating cash flows remained negative at Rs. 493.40 Lakhs standalone due to increased receivables. The board also approved sale of 25% stake in Dhyey Consulting Services to Unique Comp Inc for Rs. 4.60 Crores.
The exceptional item from DevAccelerator's IPO inflated profits significantly, but core operations show modest growth. The negative operating cash flow and rising receivables warrant monitoring. The share sale of subsidiary and dividend announcement are mildly positive for shareholders.