Ahmedabad : Dev Information Technology Limited (DEV IT), (NSE – DEVIT, BSE – 543462 | INE060X01034), a global IT services company offering Cloud Services, Digital Transformation, Enterprise Applications, and Managed IT Services has reported its Unaudited financials for Q1 FY27.

Key Financial Highlights

Q1 FY27 Consolidated Key Financial Highlights

  • Total Income of ₹44.64 Cr, YoY growth of 2.73%
  • EBITDA of ₹3.99 Cr
  • EBITDA Margin of 8.93%
  • Net Profit of ₹2.11 Cr
  • Net Profit Margin of 4.72%

Q1 FY27 Standalone Key Financial Highlights

  • Total Income of ₹32.80 Cr
  • EBITDA of ₹2.48 Cr
  • EBITDA Margin of 7.57%
  • Net Profit of ₹1.31 Cr
  • Net Profit Margin of 3.99%

Commenting on the Financial Performance Mr. Pranav Pandya, Chairman, Dev Information Technology Limited, said: “Q1 FY27 marked a period of continued execution for Dev Information Technology as we remained focused on strengthening our capabilities across cloud services, digital transformation, enterprise applications and managed IT services. During the quarter, the Company continued to secure orders from government entities, reinforcing our presence in government-led digital transformation initiatives. We continue to focus on delivering integrated technology solutions, improving operational efficiency and expanding our capabilities in areas such as AI, cybersecurity and cloud. With a growing portfolio of technology solutions and continued demand for digital transformation, we remain focused on sustainable growth and strengthening our business capabilities.

The strategic alignment with XDuce is expected to create opportunities through the combination of XDuce’s client relationships and market presence in North America and the UK with DEV IT’s engineering capabilities and global delivery infrastructure.

The technology sector continues to see adoption across areas such as cloud, AI, cybersecurity, digital transformation and managed IT services. Government digitisation and enterprise technology modernisation are also contributing to demand across these segments.”