Dev IT Reports Strong FY26 with Enhanced Digital Capabilities and Expanding Growth Pipeline
Dev IT reported strong FY26 results with consolidated net profit at ₹75.60 crore and standalone net profit at ₹74.24 crore. Q4 FY26 saw significant YoY growth, with consolidated net profit rising 689.42% to ₹8.96 crore. Key developments include XDuce acquiring a 24% stake and a Master Distribution Agreement for 'Talligence'.
The announcement includes robust financial results with substantial profit growth, alongside significant strategic partnerships and corporate actions like stake acquisition and business transfers, which are likely to have a material impact on the company's future performance.
The company reported strong financial performance with significant year-over-year growth in net profit for both Q4 FY26 and the full fiscal year. Strategic partnerships and business restructuring initiatives are expected to drive future growth.
Dev Information Technology Limited (DEV IT) has announced its audited financial results for the fourth quarter and full fiscal year 2026. For the full fiscal year 2026, the company reported a consolidated total income of ₹193.50 crore, an EBITDA of ₹7.23 crore, and a net profit of ₹75.60 crore. Standalone, total income was ₹165.42 crore with a net profit of ₹74.24 crore.
In Q4 FY26, consolidated total income stood at ₹56.00 crore, with a net profit of ₹8.96 crore. On a standalone basis, Q4 FY26 total income was ₹48.16 crore and net profit was ₹8.27 crore. The company highlighted significant year-over-year growth in net profit for both standalone and consolidated figures in Q4 FY26 and FY26, with standalone net profit increasing by 848.70% and consolidated net profit by 689.42% in Q4 FY26.
Key business developments during the period include XDuce acquiring a ~24% strategic stake in DEV IT to bolster AI, cybersecurity, and global presence. DEV IT also signed an exclusive Master Distribution Agreement with A21 Technologies to scale their AI-powered product “Talligence” across India. Furthermore, DEV IT and its subsidiary, Dhyey Consulting Services Pvt. Ltd., achieved all six Microsoft Solutions Partner Designations.
In corporate developments, the company approved the transfer of its product businesses, ByteSIGNER and Talligence, to its associate company, Byte Technosys Private Limited, for a cash consideration of ₹11.90 crore. An ESOP allotment of 28,482 equity shares was also approved.
Mr. Pranav Pandya, Chairman of Dev Information Technology Limited, commented that FY26 was strategically significant, strengthening the company's position in cloud services, digital transformation, enterprise applications, and managed IT services, while enhancing operational efficiency. He noted that the acquisition by XDUce and collaboration with A21 Technologies are expected to boost AI and cybersecurity capabilities. The transfer of product businesses aims to sharpen business focus and optimize resource allocation towards high-growth opportunities. Looking ahead, the company is confident about entering FY27 with a strong pipeline and focus on sustainable growth and value creation.
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