Results - Announcements
Dev Information Technology Ltd share price soared by 9.62% to Rs 21.19 after the company's net profit saw a strong growth of 29.86% to Rs 2.74 crore, while revenue from operations gained significantly 41.92% to Rs 62.63 crore in Q3FY26 over Q2FY26.
The market capitalization of IT Enabled Services industry group stocks on BSE stood at Rs 2.8 lakh crore, declining 1.94%. It has marginally improved by 3.11% over last one week and ticked higher by 2.98% in last one month while the market capitalization of Dev Information Technology Ltd has significantly gained 17.79% and 20.30% in the same period respectively.
Profit before tax (PBT) of Dev Information Technology Ltd stood at Rs 4.24 crore in Q3 FY26, nosediving by 95.57% year-on-year, and jumping 55.31% quarter-on-quarter. EBITDA came in at Rs 4 crore, expanding by 74.49% YoY and rallying 45.61% sequentially.
Total expenses jumped by 41.85% to Rs 58.23 crore in Q3FY26 over Q3FY25. During the quarter, cost of materials consumed stood at Rs 23.57 crore, surging by 100.77% YoY, while employee benefits expense was at Rs 29.48 crore, soaring 15.70% YoY.
For the TTM ended FY26, revenue from operations rose 11.04% to Rs 189.5 crore, while net profit jumped 411.50% to Rs 75.6 crore, compared to previous TTM. EBITDA plunged by 355% to Rs 0.76 crore, and PBT surged 424.06% to Rs 94.75 crore compared to previous TTM.
The company's consolidated net cash flow from operating activities stood at Rs 2.14 crore in FY26, as against Rs 8.87 crore in FY25.
Dev Information Technology Ltd tumbled by 47.46% in last one year, underperforming the benchmark BSE Sensex which has softened by 4.80% during the same period.