Dev Information Technology Limited announced its unaudited financial results for the third quarter ended December 31, 2025, following a board meeting held on February 10, 2026. The IT services company reported mixed performance with revenue decline and operational challenges during the quarter.

Financial Performance Overview

The company's standalone financial results for Q3FY26 showed revenue from operations of ₹3,603.21 lakhs, representing a decline from ₹4,245.02 lakhs in the corresponding quarter of the previous year. The quarter resulted in a net loss of ₹647.13 lakhs compared to a profit of ₹209.49 lakhs in Q3FY25.

Nine-Month Performance

For the nine months ended December 31, 2025, the company demonstrated stronger performance with revenue from operations reaching ₹11,604.87 lakhs compared to ₹10,466.43 lakhs in the previous year. The nine-month period recorded a significant net profit of ₹6,597.55 lakhs, substantially higher than ₹1,454.93 lakhs in the corresponding period of FY25.

Consolidated Results

The consolidated financial results, including subsidiaries, showed revenue from operations of ₹4,414.40 lakhs for Q3FY26 compared to ₹4,771.17 lakhs in Q3FY25. The consolidated net loss for the quarter was ₹741.91 lakhs against a profit of ₹181.66 lakhs in the previous year.

Strategic Acquisition

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 will give the company a 19% shareholding in Scaleax, which specializes in management consultancy, corporate finance, and Global Capability Centre advisory services. The shares are being purchased from Dev Accelerator Limited, a group company, at arm's length pricing based on an independent valuation report.

Preference Shares Extension

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. These 0.01% Non-Convertible, Non-Cumulative, Non-Participating, Redeemable Preference Shares of ₹10 each will now mature on March 26, 2031, with all other terms remaining unchanged.

Regulatory and Operational Updates

The company noted the implementation of new Labour Codes effective November 21, 2025, which consolidated 29 existing labour laws. Management expects no material impact on financial position based on current assessment. The company continues to monitor regulatory developments and will provide appropriate accounting effects as needed.

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.