Dev Information Technology's Profit in FY25 up by 55.98%
By Ankur Chandra | Updated at: May 31, 2025 10:43 PM IST
Dev Information Technology Limited, a global IT services provider, posted robust consolidated financial results for FY25, with a 56% year-on-year increase in net profit, underpinned by significant order wins and strategic expansion across government and international markets.
Key Consolidated Financial Highlights (₹ in Million)
| Particulars | FY25 | FY24 | YoY Growth |
|---|---|---|---|
| Total Income | 1,839.09 | 1,651.16 | 11.38% |
| EBITDA | 237.18 | 153.11 | 54.91% |
| EBITDA Margin (%) | 12.90 | 9.27 | +362 bps |
| Net Profit | 147.80 | 94.76 | 55.98% |
| Net Profit Margin (%) | 8.04 | 5.74 | +230 bps |
| EPS (₹) | 6.60 | 4.18 | 57.89% |
Segment-Wise & Business Highlights
Major Q4 FY25 Order Wins:
- Government Contracts:
- ₹3.28 crore order from NICSI for IT systems for Rajasthan Mahila Nidhi Credit Cooperative Federation Ltd.
- ₹2.4 crore order from NIC (Lok Sabha) for software and website maintenance.
- ₹1.92 crore digital transformation project for GEDA (digitization & DMS).
- ₹1.48 crore software development for Rajya Sabha Secretariat.
- ₹1.4 crore Integrated Finance Management System 3.0 project with NICSI (Rajasthan).
- ₹86 lakh order from NIC (MeitY) for data analytics and UI/UX.
- ₹52 lakh contract for Raj Sahakar’s CM Kisan & Gopal Credit Card Modules.
- Two cybersecurity contracts with a US-based client covering ISO/HIPAA/GDPR compliance and 24×7 SOC services.
Strategic Moves:
- ESOP Grant: Issued 66,936 options under ESOP 2018 at ₹120.75 per share.
- IPO Filing: Dev Accelerator Limited (DevX), an associate company, filed a Draft Red Herring Prospectus with SEBI for a 100% book-built IPO of 2.75 crore equity shares.
Management Commentary
Pranav Pandya, Founder & Chairman, stated: “This year has been a period of consistent progress and strategic growth. The trust placed in us by both government and international clients, especially in critical areas like cybersecurity and digital governance, reaffirms our delivery strength and domain expertise. We’re focused on long-term, sustainable value creation driven by innovation, operational efficiency, and a robust project pipeline.”
About Dev IT
Founded in 1997 and headquartered in Ahmedabad, Dev IT remains committed to technological excellence, global scalability, and customer-centric delivery through its flagship platforms like Talligence and ByteSigner.
REF:https://nsearchives.nseindia.com/corporate/DEVIT_30052025160426_intimation.pdf
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