Dev Information Technology reported a consolidated net profit of ₹75.60 crore for the financial year ended March 31, 2026, a 411.48% increase from ₹14.78 crore in the previous year. The surge was primarily driven by an exceptional unrealised gain of approximately ₹93.55 crore arising from the reclassification of its associate, EV Accelerator, following its listing. The board of directors, meeting on May 28, 2026, approved the audited standalone and consolidated financial results for the quarter and fiscal year.

Financial Performance

Revenue from operations for the consolidated year stood at ₹193.50 crore, up from ₹183.91 crore in FY25. For the quarter ended March 31, 2026, the company recorded a net profit of ₹8.96 crore on a total income of ₹56.00 crore. The statutory auditors, M/s. Rinkesh Shah & Co., issued an unmodified opinion on the financial statements.

Strategic Transactions and Partnerships

The board approved the transfer of its product businesses, ByteSIGNER and Talligence, to Byte Technosys Private Limited, an associate company, in a transaction valued at ₹11.90 crore. Additionally, the company approved the sale of a 25% equity stake in its wholly-owned subsidiary, Dhyey Consulting Services Private Limited, to M/s. Unique Comp, Inc. for ₹4.60 crore. During the year, XDuce acquired a ~24% strategic stake in Dev Information Technology to strengthen AI and cybersecurity capabilities. The company also signed an exclusive master distribution agreement with A21 Technologies to scale the AI-powered product "Talligence" across India.

Dividend and Appointments

The board recommended a final dividend of ₹0.10 per equity share, or 5% of the face value of ₹2 each, for FY26. This payout is subject to shareholder approval at the upcoming Annual General Meeting. Additionally, the board approved the re-appointment of M/s. Manav Sheth and Company as the internal auditor for the financial year 2026-27.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE060X01034/ac34b7cf0aad48b7.pdf

Dev Information Technology Limited has secured a work order from Gujarat State Petroleum Corporation Limited (GSPC) for a critical Active Directory (AD) domain migration project. The order, disclosed pursuant to Regulation 30(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, carries a total project value of approximately ₹53.99 lakhs.

Project Overview

The assignment entails end-to-end migration of GSPC's existing Identity Management Active Directory environment to a new domain aligned with the merged entity. The migration is designed to establish a secure, unified, and scalable identity management framework, supporting future IT integrations and governance requirements for the merged entity.

Key Order Details

The following table summarises the key parameters of the awarded order as disclosed by the company:

Scope of Work

The project scope covers the complete migration of GSPC's AD domain environment. Key objectives of the engagement include:

• Migration of the existing Identity Management Active Directory environment to a new domain
• Alignment of the new domain with the merged entity's structure
• Establishment of a secure, unified, and scalable identity management framework
• Support for future IT integrations and governance of the merged entity

The order was intimated to the stock exchanges on 08th May, 2026, in compliance with the applicable SEBI disclosure requirements. The company confirmed that the order does not fall within related party transactions and that no promoter or promoter group entity holds any interest in GSPC.