Dev Information Technology Limited announced its unaudited financial results for Q3 and nine months ended December 31, 2025, demonstrating strong nine-month performance despite quarterly challenges. The IT services company reported significant growth in nine-month consolidated revenue and profitability while strengthening its market position through strategic initiatives.

Nine-Month Consolidated Performance

The company delivered robust nine-month consolidated results with total revenue reaching ₹137.50 crores compared to ₹132.13 crores in the previous year, representing a growth of 4.07%. Net profit surged dramatically to ₹66.64 crores from ₹13.65 crores in 9M FY25, marking an impressive increase of 388.37%.

Quarterly Standalone Results

For Q3FY26, the standalone results showed revenue from operations of ₹36.03 crores compared to ₹42.45 crores in Q3FY25. The quarter recorded a net loss of ₹6.47 crores against a profit of ₹2.09 crores in the corresponding quarter of the previous year.

Strategic Business Developments

The company achieved significant operational milestones during the period. Dev Information Technology was appraised at CMMI Maturity Level 5 for Development, reflecting the highest level of process maturity and delivery excellence. Additionally, the company formed a strategic alliance with XDuce to accelerate North America growth and expand capabilities across AI, cloud, blockchain, cybersecurity, and data services.

Corporate Actions and Acquisitions

The board approved the acquisition of 19,000 equity shares in Scaleax Advisory Private Limited at ₹10 per share, totaling ₹1,90,000. This acquisition provides the company with a 19% shareholding in Scaleax, which specializes in management consultancy, corporate finance, and Global Capability Centre advisory services. The board also approved extending the tenure of 35,77,519 preference shares by five years beyond their original maturity date of March 26, 2026.

Management Commentary

Founder & Chairman Mr. Pranav Pandya commented that the quarter reflects purposeful investment and platform strengthening, with focus on building capabilities for long-term growth. He emphasized continued investments across talent, technology, and strategic partnerships to deepen the company's presence in high-growth digital areas and strengthen its operating platform.

Dev Information Technology has secured a substantial order worth ₹29 lakhs from Gujarat International Finance Tec-City for AutoCAD license with a 3-year subscription. The company announced this development through a regulatory filing under SEBI Regulation 30, highlighting the strategic importance of this contract for the technology services provider.

Order Specifications and Technical Features

The contract encompasses comprehensive AutoCAD licensing services with advanced technical capabilities. The solution includes an integrated BIM platform supporting architectural design, structural engineering, MEP, and construction workflows. Key technical features include 2D drafting and 3D modelling capabilities, AI-based features like Smart Blocks, Markup Import, and automation tools, along with cost-effective drafting capabilities for zoning drawings, layouts, and regulatory documents.

Regulatory Compliance and Disclosure

The announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that this order does not involve any related party transactions and was awarded at arm's length. No promoter or group companies have any interest in the awarding entity, ensuring complete transparency in the business arrangement.

Strategic Business Impact

This order represents Dev Information Technology's continued engagement in providing specialized software licensing solutions to major infrastructure and financial hubs. GIFT City, being India's first operational smart city and international financial services centre, presents significant opportunities for technology service providers. The 3-year subscription model ensures sustained revenue generation and long-term client relationship building for the company.

Implementation Framework

The project will be executed within the Domestic Tariff Area of GIFT City, which serves as a crucial component of the broader GIFT City ecosystem. The implementation focuses on providing comprehensive AutoCAD solutions that cater to the growing demand for computer-aided design solutions in modern business environments, particularly within the financial and technology sectors operating in GIFT City.