Dev Information Technology Ltd

Order win details

• Order worth ₹5.15 crore from NICSI for IFMS 3.0 in Rajasthan.
• Scope includes Pension, Employee, Works & Accounts, Salary, and Grant-in-Aid modules.
• Execution expected within about six months.
• Domestic government order; supports government-digitalisation initiatives.

FY26 financial highlights

• Consolidated FY26 Total Income: ₹193.50 crore.
• EBITDA: ₹7.23 crore (FY26).
• Net Profit: ₹75.60 crore (FY26).

Strategic context / Outlook

• Growing government digitalisation supports opportunities for DEV IT's services.
• Management notes momentum in securing government projects.
• Order expands government project pipeline.

Order details

• Awarded by NICSI for the Directorate of Treasuries and Accounts, Rajasthan; IFMS 3.0 web/mobile apps.
• Contract value INR 5.15 crore; approximately 6 months to execute; fixed-cost arrangement.
• No promoter/group interest; order not a related party transaction.

Financial highlights (Consolidated, Q1 FY27)

• Consolidated Q1 FY27 total income ₹44.64 Cr, vs ₹43.46 Cr in Q1 FY26.
• EBITDA ₹3.99 Cr; EBITDA margin 8.93%.
• Net profit ₹2.11 Cr; net profit margin 4.72%.

Strategic developments

• Continued order wins from government entities.
• XDuce strategic alignment to augment North America and UK opportunities.

Context: FY26 performance

• Consolidated FY26 totals: Total Income ₹193.50 Cr; EBITDA ₹7.23 Cr; Net Profit ₹75.60 Cr.

Management commentary

• Management notes focus on cloud, digital transformation, enterprise applications, and managed IT services.

Standalone financials

• Standalone revenue from operations: Rs 3,249.70 Lakhs for quarter ended Jun 30, 2026.
• Standalone total income: Rs 3,279.78 Lakhs.
• Standalone PAT: Rs 130.75 Lakhs; EPS basic/diluted Rs 0.23.

Consolidated financials

• Consolidated revenue from operations: Rs 4,413.08 Lakhs for quarter ended Jun 30, 2026.
• Consolidated total income: Rs 4,464.37 Lakhs.
• Consolidated PAT: Rs 210.90 Lakhs; EPS Basic Rs 0.37; Diluted Rs 0.36.

Corporate actions & divestments

• ByteSigner and Talligence sale to Byte Technosys Private Limited for Rs 1,185.12 Lakhs.
• Divestment: 25% equity in Dhyey Consulting to Unique Comp for Rs 460.00 Lakhs.
• 12,600 shares of Dhyey Consulting transferred July 14, 2026; stake 94.96%.
• Divestments post-results are non-adjusting events per Ind AS 10; accounting on completion.
• ESOP: 28,482 equity shares allotted March 27, 2026; listed April 13, 2026.

Order details

• Awarding entity: Settlement Commissioner and Director of Land Records, Government of Gujarat.
• Nature and scope: software enablement and infra modernization for iORA, e-Milkat, Any RoR at GSDC.
• Contract value: approx Rs 5.33 crore; fixed-cost arrangement.
• Domestic awarding entity; Indian government department.
• Execution period: approximately 1 month.
• Significant terms: MS SQL Server 2025 Enterprise architectures; high-availability and OEM support.
• Related party: none; promoter group interest not involved; arms-length.
• Material impact: enhances government order visibility; long-term OEM support.

Dematerialisation processing status

• Dematerialisation requests for quarter ended 30 June 2026 were confirmed to depositories.
• Securities dematerialised have been listed on the stock exchanges where earlier issues are listed.
• Physical certificates for dematerialisation were mutilated and cancelled; depository's name registered as owner within timelines.

Order details

• HARTRON, a State Government Undertaking, awarded the order.
• Design, development, deployment and maintenance of Haryana State Legal Knowledge System for the Chief Secretary Office.
• Total order value approximately Rs 73 lakhs.
• Breakup: Design/Development/Deployment/Implementation about Rs 48.22 lakhs; Maintenance about Rs 24.78 lakhs.
• Domestic state government entity.
• Timeline: 4-5 months for design, development, deployment and implementation; ~3 years for maintenance.
• Contract type: Fixed-cost.
• No promoter/group interest; not a related-party transaction.

Order details

• Awarding entity: Gujarat International Finance Tec-City Company Limited (GIFTCL).
• Scope: design, development, deployment, implementation, and maintenance of a multilingual web portal and Digital Twin.
• Includes content creation and localization, system integrations, and performance/SEO.
• Total value: approx INR 2.79 Crores (taxes not specified).
• Awarding entity is domestic (state-level).
• Execution period: approximately 2.5 years.
• Contract type: fixed-cost engagement.
• No promoter/related party interest; order is not a related party transaction.