| Metric | Value (₹ Cr) | Q4 FY26 | Q1 FY26 |
|---|---|---|---|
| Revenue | 44.13 | 18.1% | 2.7% |
| Total Income | 44.64 | 20.3% | 2.7% |
| Expenditure | 41.77 | 20.5% | 2.7% |
| PBT | 2.87 | 16.2% | 3.2% |
| Net Profit | 2.11 | 76.5% | 3.3% |
| OPM | 7.87% | 2.48pp | 0.40pp |
| NPM | 4.72% | 11.27pp | 0.30pp |
| EPS | 0.37 | 76.7% | 60.6% |
IT services core metric (revenue growth) is barely positive at 2.7% while PAT fell 3.3% on margin compression (OPM 8.27%→7.87%, NPM 5.02%→4.72%), a below-par quarter for the sector.
DEV IT Bags ₹5.15 Cr Order from NICSI for Rajasthan Govt
20 Aug 2026 · 20 Aug, 5:10 pm
Summary
Dev Information Technology Limited (DEV IT) announced on August 20, 2026, that it has secured a work order valued at approximately ₹5.15 crore from NICSI for the Government of Rajasthan. This order involves the development and implementation of IFMS 3.0 Web and Mobile Applications for the Finance Department, expected to be completed within six months. The company's FY26 consolidated results showed Total Income of ₹193.50 crore, EBITDA of ₹7.23 crore, and Net Profit of ₹75.60 crore. DEV IT highlighted that this new order strengthens its pipeline and its position in securing government projects, underscoring the growing opportunities in digital transformation for public services.
Key Highlights
- 1
DEV IT has secured a work order worth approximately ₹5.15 crore from National Informatics Centre Services Incorporated (NICSI) for the Directorate of Treasuries and Accounts, Government of Rajasthan.
- 2
The order is for the development and implementation of IFMS 3.0 Web and Mobile Applications for the Finance Department of the Government of Rajasthan.
- 3
The project is expected to be executed within approximately six months.
- 4
The project scope includes the development and implementation of key Finance Department functionalities such as Pension Management, Employee Management, and Salary Management.
- 5
With this order, DEV IT continues to add to its order pipeline and maintain momentum in securing projects from government institutions.
- 6
The company reported Total Income of ₹193.50 crore, EBITDA of ₹7.23 crore, and Net Profit of ₹75.60 crore in Consolidated FY26.
Management Comments
Pranav Pandya
This order for the development and implementation of IFMS 3.0 Web and Mobile Applications adds to our portfolio of government technology projects and provides an opportunity to deploy our capabilities across key Finance Department functions. The project also adds to our engagement with government institutions in the digitalisation of public-sector processes. With increasing adoption of technology and digital platforms across government departments, such projects provide a relevant operating environment for our enterprise application and digital transformation capabilities.
Informational and educational content only. Not investment advice.