Dev Information Technology Limited Reports Q1 FY27 Consolidated Income of 44.64 ₹ Cr, Highlights Business Momentum
Dev Information Technology Limited (DEV IT), an established global IT services company offering Cloud Services, Digital Transformation, Enterprise Applications, and Managed IT Services, has released its unaudited financial results for the first quarter of Fiscal Year 2027 (Q1 FY27).The results show varied performance across standalone and consolidated entities when compared to previous periods. The company continues to demonstrate sustained business momentum amidst a growing demand for digital transformation solutions.
Financial Highlights for Q1 FY27
The provided data details the financial standing of DEV IT, comparing Q1 FY27 against Q1 FY26 results for both its standalone and consolidated operations.| Particulars (₹ Cr) | Standalone Q1 FY27 | Standalone Q1 FY26 | Consolidated Q1 FY27 | Consolidated Q1 FY26 |
|---|---|---|---|---|
| Total Income | 32.80 | 35.69 | 44.64 | 43.46 |
| EBITDA | 2.48 | 3.27 | 3.99 | 4.03 |
| EBITDA Margin (%) | 7.57% | 9.17% | 8.93% | 9.27% |
| Net Profit | 1.31 | 1.75 | 2.11 | 2.18 |
| Net Profit Margin (%) | 3.99% | 4.91% | 4.72% | 5.02% |
In addition to the Q1 FY27 results, Dev Information Technology Limited reported consolidated figures for the entire Fiscal Year 2026 (FY26), with Total Income at ₹ 193.50 Cr, EBITDA of ₹ 7.23 Cr, and Net Profit of ₹ 75.60 Cr.
Management Commentary and Strategic Focus
Pranav Pandya, Chairman of Dev Information Technology Limited, commented on the Q1 FY27 performance, noting that the quarter marked a period of continued execution as the company focused on strengthening its capabilities across critical service areas including cloud services, digital transformation, enterprise applications, and managed IT services.The Chairman mentioned that the company successfully secured orders from government entities, reinforcing DEV IT's presence in government-led digital transformation initiatives. The firm is dedicated to delivering integrated technology solutions, improving operational efficiency, and expanding its capabilities in AI, cybersecurity, and cloud technologies.
Regarding future growth, the strategic alignment with XDuce is expected to create new opportunities by combining XDuce's market presence and client relationships in North America and the UK with DEV IT's engineering strengths and global delivery infrastructure.
The commentary also highlighted that the broader technology sector continues to see significant adoption across various fields such as cloud, AI, cybersecurity, digital transformation, and managed IT services. Government digitization and enterprise technology modernization are key drivers fueling demand across these segments.
Company Overview
Dev Information Technology Limited (DEV IT), founded in 1997, has evolved from a small-scale business automation software solutions provider into a global IT services company. Headquartered in Ahmedabad, the company maintains offices across India and Canada.The enterprise offers a full suite of end-to-end services, including Cloud Services, Digital Transformation, Enterprise Applications, Managed IT Services, and Application Development. DEV IT's product portfolio includes Talligence, an accounting data analytics platform, and ByteSigner, a digital signing solution. The company emphasizes continuous innovation, quality, streamlined processes, and client-centric collaboration globally to achieve its clients' business objectives.
DEVIT Stock Price Movement
Dev Information Technology Limited shares shed 1.79% in post-market trading today, settling at ₹26.40 after sliding from its previous close of ₹26.88. The security posted a volume of 77,384, having traded within an intraday range between a low of ₹25.88 and a high of ₹27.80.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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