Dev Information Technology LimitedQ1 FY27 Results & Financial Update
Dev Information Technology Limited: Q1 FY27 consolidated results and company financials – revenue ₹44.13 Cr, PAT ₹2.11 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Dev Information Technology Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
For the first quarter of fiscal 2027 ended June 30, 2026, Dev Information Technology Limited reported consolidated revenue from operations of INR 44.13 crore and total income of INR 44.64 crore.
Profit before tax (PBT) for the quarter stood at INR 2.87 crore, while profit after tax (PAT) came in at INR 2.11 crore, yielding a basic and diluted earnings per share of INR 0.37.
Employee benefits expense formed the largest cost component at INR 25.48 crore, followed by the cost of software and services at INR 11.74 crore and other expenses of INR 3.52 crore.
Finance costs for the quarter were registered at INR 0.72 crore, while depreciation and amortization expenses stood at INR 0.39 crore.
Tax expenses for the quarter aggregated to INR 0.62 crore, comprising current tax of INR 0.67 crore offset by deferred tax and earlier years' adjustments.
Total comprehensive income for the quarter reached INR 8.18 crore, bolstered by a significant gain of INR 7.19 crore from changes in fair value of investments, partially offset by remeasurement losses on defined benefit plans.
Dev Information Technology Limited reported consolidated revenue from operations of INR 44.1308 crore for the first quarter of fiscal year 2027, accompanied by other income of INR 0.5129 crore to bring total consolidated income to INR 44.6437 crore.
Total consolidated expenses for the quarter stood at INR 41.7750 crore, with employee benefits expenses forming the largest operational cost component at INR 25.4802 crore, followed by cost of software and services at INR 11.7373 crore.
01 · Business model
What does Dev Information Technology do?
Dev Information Technology Limited provides IT and IT-enabled services, operating across cloud services, managed IT services, digital transformation, enterprise applications, business applications, and mobile applications.
The company operates through offices located in Gujarat, Maharashtra, Rajasthan, and Canada, serving a diverse client base across multiple industry verticals.
The consolidated group structure encompasses domestic subsidiaries Dhyey Consulting Services Private Limited and Minddefft Technologies Private Limited, foreign subsidiary Dev Info-Tech North America Limited, foreign step-down subsidiary Dynamic Stars LLC, and associate entity Byte Technosys Private Limited.
02 · Historical context
What shaped the business before this quarter
On March 27, 2026, the company allotted 28,482 equity shares of face value INR 2 each under the Dev Information Technology Limited Employee Stock Option Scheme 2018, which were subsequently credited, transferred to the permanent ISIN, and listed on NSE and BSE on April 13, 2026.
Effective March 31, 2026, the board approved the sale and transfer of the company's proprietary products ByteSIGNER and Talligence as a going concern on a slump sale basis to associate company Byte Technosys Private Limited for a cash consideration of INR 11.85 crore based on an independent valuation.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹44.13 Cr |
| Total income | ₹44.64 Cr |
| Profit before tax | ₹2.87 Cr |
| Profit after tax | ₹2.11 Cr |
| EPS | ₹0.36 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 4.8% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 6.5% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹0.51 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
The company generated consolidated revenue from operations of INR 44.13 crore for Q1 FY27, complemented by other income of INR 0.51 crore.
Consolidated revenue from operations for Q1 FY27 reached INR 44.1308 crore, supported by a diverse portfolio spanning cloud, managed IT, and enterprise application services delivered across domestic and international markets.
Other income contributed INR 0.5129 crore to the top-line during the quarter, augmenting total consolidated income to INR 44.6437 crore.
What drove margins
Employee benefits expenses represented the primary operational expenditure category at INR 25.48 crore for the quarter.
Cost of software and services consumed in operations stood at INR 11.74 crore.
Other expenses stood at INR 3.52 crore, while finance costs and depreciation charges were recorded at INR 0.72 crore and INR 0.39 crore respectively.
Employee benefit expenses represented the principal operating cost at INR 25.4802 crore for the quarter, reflecting technical and operational staffing investments.
Direct delivery costs associated with software and services amounted to INR 11.7373 crore for the quarter.
Other expenses stood at INR 3.5161 crore, while finance costs and depreciation/amortization expenses were contained at INR 0.7237 crore and INR 0.3928 crore respectively.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
In accordance with Ind AS 108, the company operates in a single reportable business segment, which is IT & IT Enabled Services.
Geography and market mix
Operations span domestic entities in India alongside foreign subsidiaries in North America, contributing through both software services and specialized consulting.
06 · Strategy & new businesses
How the company is trying to change its growth mix
On May 28, 2026, the board approved the divestment of a 25% equity stake in wholly-owned subsidiary Dhyey Consulting Services Private Limited to Unique Comp, Inc. for an aggregate consideration of INR 4.60 crore. Subsequent to the quarter end on July 14, 2026, the company transferred 12,600 shares (5.04% of total capital), reducing its holding to 94.96% and converting the entity into a subsidiary with outside minority holding.
07 · Reported developments
What changed operationally
The group recorded substantial positive movement in other comprehensive income through fair value changes in investments amounting to INR 7.19 crore.
08 · Beyond the numbers
What changed beyond the numbers
Reported update
Subsidiary Stake Divestment Agreement
On May 28, 2026, the company executed a share purchase agreement to divest 25% of its equity investment in wholly owned subsidiary Dhyey Consulting Services Private Limited to Unique Comp, Inc for an aggregate cash consideration of INR 4.60 crore.
Reported update
Post-Period Share Transfer
Subsequent to the quarter end on July 14, 2026, the company transferred 12,600 shares representing 5.04% of Dhyey Consulting Services Private Limited, reducing its holding to 94.96% and converting it from a wholly owned to a subsidiary company.
Reported update
Subsidiary Divestment Non-Adjusting Event Status
The partial share transfer of Dhyey Consulting Services Private Limited executed on July 14, 2026, occurred after the reporting period and constitutes a non-adjusting event under Ind AS 10, meaning financial impacts will be recognized in the period when the divestment process completes.
09 · Key Q&A
The quarter, answered directly
What does Dev Information Technology do?
Dev Information Technology Limited provides IT and IT-enabled services, operating across cloud services, managed IT services, digital transformation, enterprise applications, business applications, and mobile applications.
What is the clearest takeaway from Q1 FY27?
For the first quarter of fiscal 2027 ended June 30, 2026, Dev Information Technology Limited reported consolidated revenue from operations of INR 44.13 crore and total income of INR 44.64 crore.
What drove revenue or demand?
The company generated consolidated revenue from operations of INR 44.13 crore for Q1 FY27, complemented by other income of INR 0.51 crore.
What mattered most for margins or profitability?
Employee benefits expenses represented the primary operational expenditure category at INR 25.48 crore for the quarter.
What changed operationally beyond the headline numbers?
On May 28, 2026, the board approved the divestment of a 25% equity stake in wholly-owned subsidiary Dhyey Consulting Services Private Limited to Unique Comp, Inc. for an aggregate consideration of INR 4.60 crore. Subsequent to the quarter end on July 14, 2026, the company transferred 12,600 shares (5.04% of total capital), reducing its holding to 94.96% and converting the entity into a subsidiary with outside minority holding.
What should the next disclosure help confirm?
Monitor the formal financial recognition of the Dhyey Consulting Services equity divestment in subsequent reporting periods following the July 2026 share transfer.
10 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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11 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Subsidiary Divestment Accounting Impact: Monitor the formal financial recognition of the Dhyey Consulting Services equity divestment in subsequent reporting periods following the July 2026 share transfer.
- 02
Subsidiary Restructuring Impact: Monitor the accounting recognition and financial consolidation impact of the completed divestment of shares in Dhyey Consulting Services Private Limited in subsequent quarterly reports.
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