Dev IT Q2 FY26 Results: Revenue up 39% YoY, Rs 9,236L exceptional gain

Revenue growth above 20%Exceptional itemResults View source PDF Explain this filing

DEVIT · price

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Price reactionminutes from the announcement price · days from the prior close

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₹41.50

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+1.7% vs market

IT Enabled Services peers, median of 70sector-1.0%+2.6% vs sector

On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 2.6 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Dev IT reported Q2 FY26 standalone revenue of Rs 4,454 lakhs, up 39% YoY from Rs 3,202 lakhs. H1 revenue rose 28.6% to Rs 8,002 lakhs. Profit jumped to Rs 7,069 lakhs (vs Rs 914 lakhs) due to a one-time exceptional gain of Rs 9,236 lakhs from reclassification of Dev Accelerator Limited as a financial asset after its listing. Core operating profit before exceptional items fell to Rs 220 lakhs from Rs 1,061 lakhs as other income normalized. Basic EPS was Rs 12.55.

Likely market impact

Strong revenue growth but core earnings weakened; profit surge driven by one-time gain from associate listing, not core operations.