Dev Information Technology targets INR200 cr revenue in FY27
Dev Information Technology reported an 8.1% YoY increase in Q4FY26 total income to INR56 crores, with net profit rising to INR8.96 crores. For FY26, the company recorded a total income of INR193.50 crores and a net profit of INR75.60 crores, aided by an exceptional gain from its Dev Accelerator investment. Strategic moves included a partnership with XDuce Infotech and the transfer of product businesses to Technosys Private Limited. Management targets revenue of INR200 crores for FY27 and expects 15-20% growth in FY28.
*this image is generated using AI for illustrative purposes only.
Dev Information Technology reported a significant increase in profitability for the quarter and year ended March 31, 2026, driven by operational efficiency and strategic investments. On a consolidated basis, total income for Q4FY26 increased by 8.1% year-on-year to INR56 crores. Net profit for the quarter stood at INR8.96 crores, compared to INR1.13 crores in the corresponding quarter of the previous year. EBITDA grew by 68.5% to INR5.04 crores, with margins improving by 322 basis points to 8.99%.
For the full financial year FY26, the company reported a total income of INR193.50 crores. Net profit for the year was INR75.60 crores, with diluted earnings per share of INR13.25. The annual profit included an exceptional gain from the reclassification of the company's investment in Dev Accelerator following its IPO. EBITDA for the year stood at INR7.23 crores, with a margin of 3.74%. The company had previously projected revenue between INR190 crores and INR200 crores for FY26.
| Metric | Q4FY26 | Q4FY25 |
|---|---|---|
| Total Income | INR56 crores | - |
| Net Profit | INR8.96 crores | INR1.13 crores |
| EBITDA | INR5.04 crores | - |
| EBITDA Margin | 8.99% | 5.77% |
| FY26 Total Income | INR193.50 crores | - |
| FY26 Net Profit | INR75.60 crores | - |
| FY26 EPS | INR13.25 | - |
Strategic initiatives during the year included an alliance with XDuce Infotech, which acquired a 25% stake in the company to strengthen capabilities in AI, cybersecurity, and international market expansion. The company also signed an exclusive master distribution agreement with A21 Technologies to scale its AI-powered intelligence platform, Talligence, across India and the MENA region. Additionally, the Board approved the transfer of Talligence and product businesses to Technosys Private Limited for cash consideration of approximately INR11.90 crores to sharpen focus on core technology services.
The company achieved all six Microsoft solution partner designation certifications, validating its technical expertise in the Microsoft ecosystem. Management stated that the India market contributed 67% of revenue in FY26, while cloud and blockchain business units were the primary technology drivers. The current order book stands between INR50 crores and INR60 crores. Looking ahead, the company targets revenue of INR200 crores for the current year and expects growth of 15% to 20% in the following year, supported by the integration with XDuce and expansion in North America and the UK.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE060X01034/d14931e8b8764406.pdf
Historical Stock Returns for Dev Information Technology
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.11% | -6.81% | -8.21% | -32.36% | -38.03% | +118.92% |
How will the strategic alliance with XDuce Infotech specifically accelerate the company's expansion into North America and the UK?
What are the expected revenue contributions from the exclusive distribution of Talligence in the MENA region over the next fiscal year?
Will the company pursue further acquisitions or partnerships to diversify beyond the current 67% revenue dependence on the Indian market?
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