Outcome of board meeting
DEVIT · price
▲ 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 (up 7.5% from Rs 15,062.94 lakhs) and consolidated revenue of Rs 18,950.06 lakhs (up 11% from Rs 17,066.38 lakhs) for FY2026 ended March 31, 2026. Profit after tax surged to Rs 7,424.06 lakhs standalone and Rs 7,559.52 lakhs consolidated, largely due to an exceptional gain of Rs 9,236.13 lakhs from DevAccelerator Limited's IPO (now fair valued as financial asset). The Board recommended a final dividend of Rs 0.10 per share (5% on face value Rs 2). The company also approved sale of 25% stake in wholly-owned subsidiary Dhyey Consulting Services Private Limited to Unique Comp, Inc for Rs 4.60 crores, and sale of products ByteSIGNER and Talligence to associate ByteTechnosys Private Limited for Rs 11.85 crores. Statutory auditors issued unmodified opinion.
The massive PAT jump is primarily due to a one-time exceptional item from DevAccelerator IPO, not underlying operations. Core EBITDA margin compression (operating profit of only Rs 497 lakhs standalone on Rs 16,542 lakhs income) signals weak operational performance despite modest revenue growth. Shareholders may see the dividend as a positive signal but should be cautious about the sustainability of profits.