Outcome of the board meeting
DEVIT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Dev Information Technology reported standalone revenue of Rs 16,197.93 Lakhs for FY2026, up 7.5% from Rs 15,062.94 Lakhs in FY2025. Consolidated revenue grew 11% to Rs 18,950.06 Lakhs from Rs 17,066.38 Lakhs. The company reported standalone PAT of Rs 7,424.06 Lakhs and consolidated PAT of Rs 7,559.52 Lakhs, both showing significant jumps due to an exceptional item of Rs 9,354.64 Lakhs (mark-to-market gain from DevAccelerator Limited IPO). Without this one-time gain, operating profits were much lower. The board recommended a final dividend of Rs 0.10 per share (5% on face value of Rs 2). The company also approved selling 25% of its equity in subsidiary Dhyey Consulting Services Private Limited to Unique Comp, Inc for Rs 4.60 Crores. Statutory auditors issued unmodified opinions on both standalone and consolidated financial statements.
The massive profit jump is inflated by a one-time exceptional item and does not reflect operational performance. Underlying revenue growth of 7-11% is modest for an IT company. The subsidiary divestment reduces the company's stake in Dhyey Consulting. Shareholders can expect a small dividend payout pending AGM approval.