Financial Result On Quarter Ended On June 30, 2026
DEVIT · price
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Dev Information Technology reported Q1 FY27 results with mixed performance. Standalone revenue from operations fell to Rs. 3,249.70 lakhs from Rs. 3,547.68 lakhs a year ago, an ~8% YoY decline. Standalone profit after tax dropped to Rs. 130.75 lakhs from Rs. 175.24 lakhs, down ~25%, with standalone EPS at Rs. 0.23 vs Rs. 0.31. On a consolidated basis, revenue rose modestly to Rs. 4,413.08 lakhs, while profit for the period grew about 25% to Rs. 273.35 lakhs (from Rs. 218.17 lakhs), helped by stronger subsidiary contribution. The auditor (Rinkesh Shah & Co.) issued an unqualified limited review report on both standalone and consolidated results. Key corporate actions disclosed: slump sale of ByteSIGNER and Talligence products to associate Byte Technosys for Rs. 1,185.12 lakhs (effective March 31, 2026), and divestment of a 5.04% stake in subsidiary Dhyey Consulting Services for Rs. 460 lakhs to Unique Comp, Inc. (July 14, 2026).
Standalone numbers weakened noticeably, likely reflecting the structural impact of the slump sale to the associate entity, which may have shifted revenues and profits outside the standalone perimeter. The consolidated picture remains healthier with mid-20s PAT growth, suggesting the subsidiaries are carrying the business. Shareholders should note the related-party slump sale and partial subsidiary divestment as material transactions that reshape the standalone versus consolidated numbers going forward.