Dev Information Technology Ltd
P&L
Quarterly Consolidated
vs Q3 FY26
Dev IT FY26: Net Profit Surges 381.44% to ₹74.24 Cr
30 May 2026 · 30 May, 7:43 pm
Summary
Dev Information Technology Limited reported a strong financial performance for Q4 and the full fiscal year FY26. Standalone Net Profit for Q4 FY26 soared by 848.70% to ₹8.27 crore, while full-year standalone Net Profit reached ₹74.24 crore, up 381.44%. Similarly, consolidated Net Profit for FY26 saw an impressive 411.48% increase to ₹75.60 crore. It is crucial to note that both standalone and consolidated FY26 net profit figures include significant exceptional unrealised gains from the reclassification of an EV Accelerator stake. The company also pursued strategic initiatives, including a significant stake acquisition by XDuce and the divestment of certain product businesses, positioning itself for future growth.
Key Highlights
- 1
Dev IT reported a robust increase in Q4 FY26 standalone Net Profit by 848.70% to ₹8.27 crore, demonstrating significant quarterly performance improvement.
- 2
For the full fiscal year FY26, standalone Net Profit surged by 381.44% to ₹74.24 crore, notably including an exceptional unrealised gain of approximately ₹92.36 crore from the reclassification of EV Accelerator stake.
- 3
Consolidated Total Income for Q4 FY26 reached ₹56.00 crore, marking an 8.14% increase year-over-year.
- 4
Consolidated Net Profit for FY26 grew substantially by 411.48% to ₹75.60 crore, which also benefited from an exceptional unrealised gain of approximately ₹93.55 crore related to the EV Accelerator stake.
- 5
The company secured a strategic partnership with XDuce, which acquired a ~24% stake to bolster AI, cybersecurity, and global presence.
- 6
Dev IT completed the transfer of its product businesses, ByteSIGNER and Talligence, to Byte Technosys Private Limited for a cash consideration of ₹11.90 crore, sharpening its business focus.
- 7
During FY26, the company achieved all six Microsoft Solutions Partner Designations, enhancing its technical capabilities and market position.
Management Comments
Pranav Pandya
FY26 was a strategically significant year for Dev Information Technology as we strengthened our position across cloud services, digital transformation, enterprise applications and managed IT services while simultaneously enhancing operational efficiency and profitability. Our growth was supported by strong execution, higher value service engagements and continued focus on delivering integrated technology solutions to enterprise customers. During the year, we completed several key strategic initiatives that will strengthen our long-term growth prospects. The acquisition of a strategic stake by XDUce has created opportunities to enhance our AI, cybersecurity and global delivery capabilities, while our collaboration with A2I Technologies expands our presence in AI-powered product offerings. In addition, our achievements across Microsoft solution partner designations reinforce our technical capabilities and deepen our ability to address evolving customer requirements. We also took decisive steps to sharpen our business focus through the transfer of certain product businesses and portfolio optimization initiatives, enabling greater resource allocation toward scalable and higher-growth opportunities. These actions, combined with our strong customer relationships and expanding service capabilities, have improved our operating leverage and strengthened the foundation for future growth. Looking ahead, demand for cloud adoption, AI-led transformation, cybersecurity and managed services continues to remain strong across industries. With an expanded solutions portfolio, stronger strategic partnerships, improved operational efficiencies and a growing pipeline of opportunities, we are entering FY27 with confidence and remain focused on delivering sustainable growth, margin enhancement and long-term value creation for all stakeholders.
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