DEV Information Technology Ltd

Dev Information Technology Limited announced that its board approved the allotment of 6,23,944 equity shares of Rs 2 face value each to eligible employees under the “Dev Information Technology Limited Employee Stock Option Plan – 2024,” with none allotted to directors, and realized Rs 14,97,465.6 from the exercise of options.

Dev Information Technology Ltd. is currently trading at Rs 24.2, up 1.26%, while the stock has fallen 1.31% over the last week. Dev Information Technology Limited (DEVIT) has secured an enterprise technology order from the Central Power Research Institute (CPRI) Bangalore, under the Ministry of Power, Government of India, valued at approximately Rs 30 Lakhs. The order involves redesigning, redeveloping, testing, commissioning, rollout, security auditing, GIGW compliance certification, and comprehensive maintenance of CPRI’s official bilingual website, adhering to Government of India standards including GIGW 3.0 and cybersecurity requirements, with an execution period of approximately 4 years. The project aims to modernize CPRI’s digital presence and enhance user experience, and DEVIT confirmed that the order does not constitute a related party transaction. Trading volume reached 54267 shares today, a surge of 222.14% compared to the average volume of the last one week. Dev Information Technology Ltd plunged by 44.34% year-over-year, underperforming the 5.78% loss recorded by the NIFTY50 index.

Dev Information Technology Limited is seeking shareholder approval for related party transactions with Byte Technosys Private Limited, totaling up to Rs 50 crores for the financial year 2026-27. The transactions involve Dev Information Technology providing services to Byte Technosys, valued at up to Rs 25 crores, and receiving services from Byte Technosys, also valued at up to Rs 25 crores, both at arm's length rates. Byte Technosys, in which Dev Information Technology holds an equity stake, reported a turnover of Rs 28.75 lakhs and a loss after tax of Rs 5.27 lakhs in fiscal year 2024-25, with a net worth of Rs 52.33 lakhs. The transactions are intended to support Dev Information Technology’s investment in Byte Technosys and foster innovation, though the involvement of CFO Hrashil Shah and Managing Director Jaimin Shah in Byte Technosys raises potential conflict of interest concerns.

Dev Information Technology Limited (DEVIT) seeks shareholder approval for related party transactions with Byte Technosys Private Limited, in which DEVIT holds an investment. The transactions involve DEVIT providing services, valued at up to Rs 25 crores, and receiving services from Byte Technosys, also valued at up to Rs 25 crores, for the financial year ending March 31, 2027. Byte Technosys, currently operating at a loss with a net worth of Rs 52.33 lakhs as of fiscal year 2025, generates revenue of Rs 28.75 lakhs. Directors Hrashil Shah and Jaimin Shah have directorship and shareholding interests in Byte Technosys, respectively. The transactions are intended to foster innovation and collaboration, and require approval under the Companies Act, 2013 and SEBI regulations.

Dev Information Technology Ltd. is currently trading at Rs 25.88, up 3.64%, while the stock has fallen 3.72% over the last week. DEV Information Technology Limited has secured a work order valued at approximately Rs 5.15 Crore from National Informatics Centre Services Incorporated (NICSI), acting on behalf of the Directorate of Treasuries and Accounts, Government of Rajasthan, for the development of IFMS 3.0 Web and Mobile Applications. The project, which includes modules for pension, employee, works & accounts, and salary management, is expected to be completed within approximately 6 months and does not constitute a related party transaction. The company announced the order on August 20, 2026, in compliance with SEBI regulations. Trading volume reached 35174 shares today, a significant increase of 169.66% compared to the one-week average volume. Dev Information Technology Ltd. experienced a sharp decline of 45.08% year-over-year, underperforming the 3.61% loss registered by the NIFTY50 index.

Dev Information Technology Ltd share price slipped 0.22% to Rs 27.0 after the company's net profit tanked by 76.45% to Rs 2.11 crore, while revenue from operations reduced 18.08% to Rs 44.13 crore in Q2FY26 over Q1FY26. The market capitalization of IT Enabled Services industry group stocks on BSE stood at Rs 2.4 lakh crore, gaining 2.02%. It has improved by 2.12% over last one week and jumped by 18.49% in last one month while the market capitalization of Dev Information Technology Ltd has slipped by 0.74% and 6.71% in the same period respectively. Profit before tax (PBT) of Dev Information Technology Ltd stood at Rs 2.73 crore in Q2 FY26, slipping 1.80% year-on-year, and plunging by 20.18% quarter-on-quarter. EBITDA came in at Rs 3 crore, declining 3.90% YoY and rallying 284.42% sequentially. Total expenses tumbled by 20.45% to Rs 41.05 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 11.74 crore, registering a fall of 43.04% YoY, while employee benefits expense was at Rs 25.48 crore, ticking higher by 1.39% YoY. For the TTM ended FY26, revenue from operations tick up 4.33% to Rs 170.66 crore, while net profit jumped 55.91% to Rs 14.78 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 1287% to Rs 2.78 crore, and PBT witnessed a strong rise of 44.76% to Rs 18.08 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 8.87 crore in FY26, as against Rs 0.79 crore in FY25. Dev Information Technology Ltd crashed 38.19% in last one year, underperforming the benchmark BSE Sensex which has slipped by 2.83% during the same period.

Dev Information Technology Ltd. remains at Rs 26.7 today, having declined 2.80% over the last week. Dev Information Technology Limited (DEVIT) has secured an enterprise technology order worth approximately Rs 5.33 Cr from the Settlement Commissioner and Director of Land Records, an undertaking of the Revenue Department, Government of Gujarat. The order, awarded on August 11th, 2026, encompasses software enablement and infrastructure modernization services utilizing Microsoft SQL Server 2025 Enterprise architectures to support critical applications like iORA, e-Milkat, and Any RoR, hosted at the Gujarat State Data Center (GSDC). DEVIT's implementation will focus on high-availability processing, data redundancy, enhanced performance, cybersecurity, and scalability, with the project expected to be completed within approximately one month. Trading volume totaled 31786 shares today, a decrease of 51.82% compared to the one-week average volume. Dev Information Technology Ltd. experienced a sharp decline of 39.11% year-over-year, underperforming the 0.01% loss registered by the NIFTY50 index.

Dev Information Technology Limited will hold a board meeting on August 13, 2026, to consider and approve the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026, along with the limited review report, the company said in a filing with the National Stock Exchange of India Limited and BSE Limited. Trading in the company's securities will be closed for insiders from July 1, 2026, until 48 hours after the financial results are announced.

The order is for the design, development, implementation and maintenance of the Haryana State Legal Knowledge System for the Chief Secretary Office, Government of Haryana. The total contract value comprises around Rs 48.22 lakh for the design, development, deployment and implementation of the project, and approximately Rs 24.78 lakh towards annual maintenance. The company said the project is expected to be completed in about four to five months for the design, development, deployment and implementation phase, followed by an annual maintenance period of around three years. The contract has been awarded by a domestic government entity on a fixed-cost basis. Dev Information Technology said neither its promoters nor promoter group companies have any interest in HARTRON, and the contract does not qualify as a related-party transaction. Dev Information Technology (Dev IT) is in the business of providing IT-enabled services, offering solutions across cloud services, digital transformation, enterprise applications, and managed IT services. Its product portfolio includes offerings such as Talligence and ByteSigner. The company reported consolidated net profit of Rs 9.09 crore in Q4 FY26 as against net profit of Rs 1.22 crore posted in Q4 FY25. Revenue from operation rose 4.5% YoY to Rs 53.87 crore in Q4 FY26. Powered by Capital Market - Live

Net profit of Dev Information Technology rose 645.08% to Rs 9.09 crore in the quarter ended March 2026 as against Rs 1.22 crore during the previous quarter ended March 2025. Sales rose 4.50% to Rs 53.87 crore in the quarter ended March 2026 as against Rs 51.55 crore during the previous quarter ended March 2025. For the full year,net profit rose 409.62% to Rs 75.78 crore in the year ended March 2026 as against Rs 14.87 crore during the previous year ended March 2025. Sales rose 11.04% to Rs 189.50 crore in the year ended March 2026 as against Rs 170.66 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales53.8751.55 5 189.50170.66 11 OPM %5.405.35 -1.706.14 - PBDT4.062.41 68 4.4621.12 -79 PBT3.421.62 111 1.2018.08 -93 NP9.091.22 645 75.7814.87 410 Powered by Capital Market - Live