Dev Information Technology Limited — Updates, 11-02-2025: Press Release

Dev Information Technology Limited has reported a significant increase in total income for Q3 FY25, rising 50.61% year-over-year to ₹48.15 Cr, compared to ₹31.97 Cr in Q3 FY24. The standalone total income also saw a notable increase of 38.32%, reaching ₹42.85 Cr. EBITDA improved by 28.56% to ₹3.44 Cr, while net profit rose by 6.19% to ₹1.82 Cr. Growth was driven by expansion in cybersecurity services, key enterprise contracts from U.S. clients, and the acquisition of Dhyey Consulting Services.

The company secured a major order valued at ₹0.845 Cr from Bhavnagar Municipal Corporation and has been recognized with the Best MSP Award for “IT as a Service.” Dev IT's filing for an IPO by its subsidiary, Dev Accelerator Limited, marks a strategic move to augment its managed office space business. The outlook remains positive, focusing on advancing cybersecurity solutions and digital transformation services. Investors should watch for the impact of upcoming initiatives and contract wins on future growth.