DEV IT Reports Q1 FY27 Consolidated Total Income of ~₹45 Cr, Sustaining Business Momentum
Dev Information Technology Limited reported Q1 FY27 unaudited results. Consolidated total income was ~₹45.64 Cr (vs ₹43.46 Cr in Q1 FY26). Standalone total income was ₹32.80 Cr (vs ₹35.69 Cr in Q1 FY26). Net profit for Q1 FY27 was ₹2.11 Cr consolidated and ₹1.31 Cr standalone. The company highlighted continued order wins, especially from government entities.
The announcement provides a quarterly financial update, which is material information for investors. While the numbers show some mixed performance, the continuation of business momentum and strategic initiatives like the XDuce alignment could have a medium-term impact on the company's performance.
The company reported a slight increase in consolidated total income but a decrease in consolidated and standalone net profits and EBITDA margins compared to the previous year's quarter. While the company highlights continued business momentum and order wins, the financial performance shows mixed results.
Dev Information Technology Limited (DEV IT) has announced its unaudited financial results for the first quarter of FY27 (Q1 FY27). The company reported a consolidated total income of approximately ₹45.64 crore for Q1 FY27, compared to ₹43.46 crore in Q1 FY26. The consolidated EBITDA stood at ₹3.99 crore for Q1 FY27, with an EBITDA margin of 8.93%, against ₹4.03 crore and 9.27% in the same period last year. The net profit for Q1 FY27 was ₹2.11 crore, a slight decrease from ₹2.18 crore in Q1 FY26, with a net profit margin of 4.72% compared to 5.02% in the prior year.
On a standalone basis, the total income for Q1 FY27 was ₹32.80 crore, down from ₹35.69 crore in Q1 FY26. The standalone EBITDA was ₹2.48 crore (7.57% margin) for Q1 FY27, compared to ₹3.27 crore (9.17% margin) in Q1 FY26. The standalone net profit was ₹1.31 crore (3.99% margin) for Q1 FY27, down from ₹1.75 crore (4.91% margin) in Q1 FY26.
Mr. Pranav Pandya, Chairman, Dev Information Technology Limited, commented that Q1 FY27 was a period of continued execution, with a focus on strengthening capabilities in cloud services, digital transformation, enterprise applications, and managed IT services. The company secured orders from government entities, reinforcing its presence in government-led digital transformation initiatives. He added that the company continues to focus on delivering integrated technology solutions, improving operational efficiency, and expanding capabilities in AI, cybersecurity, and cloud. The strategic alignment with XDuce is expected to create opportunities through the combination of XDuce’s client relationships and market presence in North America and the UK with DEV IT’s engineering capabilities and global delivery infrastructure. He also noted the continued demand for digital transformation and government digitization.
In Consolidated FY26, the company reported a Total Income of ₹193.50 crore, EBITDA of ₹7.23 crore, and Net Profit of ₹75.60 crore.
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Dev Information Technology Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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