DEV Information Technology Ltd

Dev Information Technology announced that the Board of Directors of the Company at its meeting held on 29 May 2025, inter alia, have recommended the final dividend of Rs 0.25 per equity Share (i.e. 5%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Dev Information Technology declined 70.53% to Rs 1.22 crore in the quarter ended March 2025 as against Rs 4.14 crore during the previous quarter ended March 2024. Sales rose 18.67% to Rs 51.55 crore in the quarter ended March 2025 as against Rs 43.44 crore during the previous quarter ended March 2024. For the full year,net profit rose 60.06% to Rs 14.87 crore in the year ended March 2025 as against Rs 9.29 crore during the previous year ended March 2024. Sales rose 4.33% to Rs 170.66 crore in the year ended March 2025 as against Rs 163.58 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales51.5543.44 19 170.66163.58 4 OPM %5.3514.27 -6.148.42 - PBDT2.416.33 -62 21.1213.89 52 PBT1.625.84 -72 18.0812.49 45 NP1.224.14 -71 14.879.29 60 Powered by Capital Market - Live

Dev Information Technology will hold a meeting of the Board of Directors of the Company on 29 May 2025.Powered by Capital Market - Live

The National Informatics Centre (NIC) comes under the Ministry of Electronics and Information Technology, Government of India. The first order, awarded by NIC, is for the development, customization, implementation, and maintenance of the IT system and software application for the Rajasthan Mahila Credit Cooperative Federation. The quoted amount for this project is Rs 3.28 crore, and it is expected to be completed within approximately 3 years. The second order was also received from NIC for the development of the CM Kisan & Gopal Credit Card Schemes modules under the Cooperative Management System 2.0 (Raj Sahakar), totaling Rs 52 lakh. It is expected to be completed within approximately 2 years. Dev Information Technology (DEV IT) is a technology solution provider helping companies in their digital transformation from advisory to execution, backed by expert applications and infrastructure management. The company's consolidated net profit added 1.77% to Rs 1.72 crore on a 50.36% rise in revenue from operations to Rs 47.71 crore in Q3 FY25 over Q3 FY24.Powered by Capital Market - Live

The National Informatics Centre (NIC) comes under the Ministry of Electronics and Information Technology, Government of India. The contract is for purpose of data analytics, UI/UX creative design and other such digital media solutions requirements. The project has to be executed within a period of 1 year, Dev Information Technology (DEV IT) is a technology solution provider helping companies in their digital transformation from advisory to execution, backed by expert applications and infrastructure management. The company's consolidated net profit added 1.77% to Rs 1.72 crore on a 50.36% rise in revenue from operations to Rs 47.71 crore in Q3 FY25 over Q3 FY24. Powered by Capital Market - Live

The key equity benchmarks traded with significant gains in mid-morning trade, driven by positive sentiment across global markets. The Nifty traded above 23,050 mark. IT shares advanced, driven by the US Fed keeping interest rates steady and announcing two rate cuts later in the year, which boosted IT stocks. At 11:25 IST, the barometer index, the S&P BSE Sensex, advanced 469.87 points or 0.63% to 75,924.07. The Nifty 50 index jumped 146.05 points or 0.64% to 23,053.65. In the broader market, the S&P BSE Mid-Cap index rose 0.48% and the S&P BSE Small-Cap index added 0.45%. The market breadth was strong. On the BSE, 2,401 shares rose and 1,356 shares fell. A total of 174 shares were unchanged. Buzzing Index: The Nifty IT index advanced 1.50% to 36,766.10. The index declined 1.08% in the past trading session. Tata Consultancy Services (up 1.95%), HCL Technologies (up 1.78%), Mphasis (up 1.52%), Infosys (up 1.43%) and Tech Mahindra (up 1.42%), Coforge (up 1.25%), Wipro (up 1.24%) and LTIMindtree (up 0.88%) advanced. Stocks in Spotlight: Dev Information Technology (DEV IT) shed 0.08%. The firm secured a noteworthy work order worth Rs 1.4 crore from the National Informatics Centre Services (NICSI) for the development of an integrated finance management system (IFMS). NCC jumped 3.96% after the company announced that it had received a letter of acceptance (LoA) worth Rs 2,129.60 crore from the Andhra Pradesh Capital Region Development Authority for construction works in Amaravati Capital City. Global market: US Dow Jones index futures was up 126 points, indicating a positive opening in US stocks today. Most Asian stocks advanced on Thursday following a rally on Wall Street after the Federal Reserve signaled it still sees room to cut interest rates later this year because any increase in inflation due to tariffs will be brief. The People's Bank of China kept the 1-year loan prime rate at 3.1% and the 5-year LPR at 3.6%, where they have been since a quarter-percentage-point cut in October. The rate decision follows the U.S. Federal Reserve's move to hold benchmark interest rates. On Wednesday, the Fed maintained its benchmark overnight interest rate in the 4.25%-4.50% range and signaled that two quarter-point rate cuts are likely later this year, consistent with its forecast from three months ago. This came even as the central bank Fed cut its US economic growth forecasts and raised projections for price growth. The Fed flagged growing uncertainty over the impact of Trump's policies on the economy. As per the the Fed's quarterly economic projections, real GDP growth is expected to slow to 1.7% by the end of 2025, down from the 2.1% forecast in December. The unemployment rate is projected to rise slightly to 4.4%, compared to the previous estimate of 4.3%. Core inflation is now expected to end the year at 2.8%, up from the prior forecast of 2.5%. Trump kept up his threats of reciprocal tariffs coming in April 2- a move that is likely to draw more retaliation from major global economies and spark a renewed trade war. US stocks rallied following the decision amid encouragement that further cuts could be ahead. The Dow jumped 0.92% and the S&P 500 surged just over 1.08%. The Nasdaq Composite gained 1.41%. Tesla stock rose over 4% after advancing its robotaxi plans in California, and Boeing Co. jumped 7% on positive operational performance updates from its CFO. Investors will monitor weekly jobless claims data on Thursday, as well as the Philadelphia Fed's manufacturing survey and a report on existing home sales. On the quarterly earnings front, Darden Restaurants, Nike, FedEx and Micron Technology are set to report Thursday. SoftBank announced on Wednesday its plan to acquire chip designer Ampere Computing for $6.5 billion, with the transaction expected to close in the second half of the yearPowered by Capital Market - Live

The contract entails the design, development, implementation, operation, and maintenance of an integrated finance management system (IFMS) 3.0 for the office of the Directorate of Treasuries and Accounts, Jaipur (Government of Rajasthan). The order is expected to be executed within a time period of approximately 3 months. The total value of the contract is approximately Rs 1.4 crore. Dev Information Technology is a technology solution provider helping companies in their digital transformation from advisory to execution, backed by expert applications and infrastructure management. The company's consolidated net profit added 1.77% to Rs 1.72 crore on a 50.36% rise in revenue from operations to Rs 47.71 crore in Q3 FY25 over Q3 FY24.Powered by Capital Market - Live

Dev Information Technology has secured an order from National Informatics Centre Services, a Government of India Undertaking for the esteemed Project of 'Lok Sabha Secretariat'. It will encompass Design, Development, Implementation and Maintenance of Application Software and Website worth Rs 2.4 crore approximately. Powered by Capital Market - Live

National Informatics Centre Services is a Government of India undertaking project of Lok Sabha Secretariat. The contract entails the design, development, implementation, and maintenance of application software and a website. The order is expected to be executed within a time period of approximately 9 months to 1 year. The broad consideration of the contract is approximately Rs 2.4 crore. Dev Information Technology is a technology solution provider helping companies in their digital transformation from advisory to execution, backed by expert applications and infrastructure management. The company's consolidated net profit added 1.77% to Rs 1.72 crore on a 50.36% rise in revenue from operations to Rs 47.71 crore in Q3 FY25 over Q3 FY24. Shares of Dev Information Technology (DEV IT) rose 0.31% to Rs 129.45 on the BSE.Powered by Capital Market - Live

The contract entails the design, development, implementation, and maintenance of the project, which was expected to span approximately nine months. In the presence of multiple empaneled companies under the national informatics centre (NIC) in Delhi, it is a matter of great honor for DEV IT to be selected for this prestigious project. The selection follows a thorough due diligence process and further reinforces DEV IT's reputation as a trusted technology partner in the e-governance space. This project marked a key milestone in DEV IT's growing footprint in the e-governance sector. Successful execution was anticipated to enhance the company's credibility, unlock opportunities for government collaborations, and facilitate its continued expansion within the public sector. Pranav Pandya, Founder & Chairman (DEV IT), said, 'Winning this prestigious mandate from the Rajya Sabha Secretariat reaffirms our commitment to delivering cutting-edge digital solutions. The selection of DEV IT among multiple empanelled companies under NIC at Delhi underscores the trust placed in our expertise. Our E-Gov North team has consistently demonstrated excellence, and this project further strengthens our leadership in the e-governance space. Beyond enhancing our position in the sector, this work order paves the way for new collaborations with government institutions. Successful execution will reinforce our technical capabilities, credibility, and potential for future opportunities in the public sector. We remain dedicated to leveraging our expertise to drive digital transformation and expand our impact.' Dev Information Technology is a technology solution provider helping companies in their digital transformation from advisory to execution backed by expert applications and infrastructure management. The company's consolidated net profit added 1.77% to Rs 1.72 crore on a 50.36% rise in revenue from operations to Rs 47.71 crore in Q3 FY25 over Q3 FY24.Powered by Capital Market - Live