Dev Information Technology Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Dev Information Technology Ltd filed with BSE on 12 Jun 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Dev Information Technology reported Q4 FY26 consolidated total income up 8.1% year-on-year to INR56 crores, with EBITDA growing 68.5% to INR5.04 crores and EBITDA margin improving to 8.99%. For the full year FY26, the company reported total income of around INR193.50 crores and net profit of INR75.60 crores, which included an exceptional gain from the reclassification of its Dev Accelerator investment following its IPO. Management discussed the XDuce Infotech strategic alliance, a UCI New York shareholding agreement, and the transfer of Talligence and product businesses to Technosys Private Limited.
Numbers mentioned
Total income: INR56 crores (Q4 FY26)
p. 4
“On a consolidated basis, our total income increased by 8.1% year-on-year to INR56 crores.”
Jaimin Shah, page 4 of the filed PDF · View the filing
EBITDA: INR5.04 crores (Q4 FY26)
p. 4
“EBITDA grew by 68.5% to INR5.04 crores, while EBITDA margin improved by 322 basis points to 8.99% compared to 5.77% in the corresponding quarter last year.”
Jaimin Shah, page 4 of the filed PDF · View the filing
Net profit: around INR8.96 crores (Q4 FY26)
p. 4
“net profit stood at around INR8.96 crores as against INR1.13 crores in quarter 4 FY25.”
Jaimin Shah, page 4 of the filed PDF · View the filing
Total income: around INR 193.50 crores (FY26)
p. 4
“On a consolidated basis, we reported total income of around INR 193.50 crores, reflecting steady growth in the dynamic market environment.”
Jaimin Shah, page 4 of the filed PDF · View the filing
EBITDA: INR7.23 crores (FY26)
p. 4
“EBITDA stood to INR7.23 crores with an EBITDA margin of INR3.74 crores.”
Jaimin Shah, page 4 of the filed PDF · View the filing
Net profit: INR75.60 crores (FY26)
p. 4
“the company reported a net profit of INR75.60 crores and diluted per share of INR13.25, which includes an exceptional unutilized gain arising from the reclassification of our Dev Accelerator investment following its IPO.”
Jaimin Shah, page 4 of the filed PDF · View the filing
Export business revenue: around INR45 crores (FY26)
p. 7
“Our export business last year, in FY26, we did around INR45 crores.”
Jaimin Shah, page 7 of the filed PDF · View the filing
Cloud revenue business: INR25 crores (FY26)
p. 7
“Cloud revenue business got INR25 crores, cyber security is around INR5 crores to INR8 crores of business.”
Jaimin Shah, page 7 of the filed PDF · View the filing
India government corporate business: around INR110 crores (FY26)
p. 7
“India government corporate business, we crossed around INR110 crores, which was our focus.”
Jaimin Shah, page 7 of the filed PDF · View the filing
Order book: INR50 crores to INR60 crores
p. 8
“Currently, we have order book of around INR50 crores to INR60 crores worth of rupees.”
Jaimin Shah, page 8 of the filed PDF · View the filing
Headcount: 1,000 to 1,100 people
p. 8
“We have around 1,000 to 1,100 people right now, and we are expecting more people to join in current year as well.”
Jaimin Shah, page 8 of the filed PDF · View the filing
India market revenue share: 67% (FY26)
p. 11
“in FY26, our India market gave 67% of revenue as it's very significant.”
Jaimin Shah, page 11 of the filed PDF · View the filing
Managed IT revenue share: around 27%
p. 10
“as far as Manage IT is concerned, we are around 27% of our total revenue.”
Jaimin Shah, page 10 of the filed PDF · View the filing
Repeat customer revenue share: 27% to 30%
p. 11
“It was around 27% to 30%.”
Jaimin Shah, page 11 of the filed PDF · View the filing
Live customers: 600 to 700
p. 12
“So currently, we are having around 600 to 700 live customers going on.”
Jaimin Shah, page 12 of the filed PDF · View the filing
Average deal size: $80,000 to $100,000
p. 10
“it is around $80,000 to $100,000 deal size.”
Jaimin Shah, page 10 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Total revenue — around INR200 crores · FY27
stated firmly by Jaimin Shah
p. 12
“we are expecting around INR200 crores worth of revenue for current year, and next year, we are expecting around 15% to 20% growth from current year.”
Jaimin Shah, page 12 of the filed PDF · View the filing
XDuce partnership revenue — $1 million to $2 million · current year
stated as an aspiration by Jaimin Shah
p. 9
“this year, we are expecting around $1 million to $2 million business from XDuce, and from next year, from FY27, we are expecting around a $3 million to $5 million of business, and that will grow 15% to 20% year-on-year.”
Jaimin Shah, page 9 of the filed PDF · View the filing
UCI Microsoft Dynamics business opportunity — more than $3 million worth of business
stated as an aspiration by Jaimin Shah
p. 7
“they will also provide an opportunity of more than $3 million worth of business in U.S. market for Microsoft Dynamics which is a focus business for GA.”
Jaimin Shah, page 7 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management expects $1-2 million this year rising to $3-5 million from FY27 growing 15-20% annually, with an 80/20 revenue split favoring DEV IT for offshore delivery.
Answered by Jaimin Shah
Asked by Shamit Thakur: What revenue is expected from the XDuce partnership over the next 2 years and how is the split structured?
p. 9
“So as far as this split is concerned, all non-India thing will be concerned, it will be focused. It will be front ended by XDuce, and the entire offshore development will be done by DEV IT.”
Jaimin Shah, page 9 of the filed PDF · View the filing
Traditional manpower-based work is very low, while Managed IT contributes around 27% of total revenue.
Answered by Jaimin Shah
Asked by Rupen Mehta: What percentage of projects are outcome-based or managed service contracts versus traditional manpower-based engagements?
p. 10
“Traditional manpower base is extremely low. I can say, it's in some digits. But as far as Manage IT is concerned, we are around 27% of our total revenue.”
Jaimin Shah, page 10 of the filed PDF · View the filing
Management said the company deliberately focused on the lower-margin India market during a period of geopolitical uncertainty rather than pursuing export growth.
Answered by Jaimin Shah
Asked by Vinod Shah: What is holding back revenue growth given FY26 growth was only around 5%?
p. 11
“we have made it very clear that we will focus for revenue growth from India market. And if at all geopolitical situation is good, then we'll achieve more from export business.”
Jaimin Shah, page 11 of the filed PDF · View the filing
Management cited the absence of a prior-year exceptional gain, a conscious focus on lower-margin India business, time and bandwidth spent on strategic alliances, and outsourcing costs due to delayed internal hiring plans.
Answered by Jaimin Shah
Asked by Parag Dave: Why did EBITDA margins decline significantly at the full year level despite revenue growth?
p. 12
“last year, there were 2 things that exceptional income was there of around INR13 crores, which is not there this year, it was around INR4 crores.”
Jaimin Shah, page 12 of the filed PDF · View the filing
Management said strategic partners preferred aligning with the products directly rather than the company, and the product business was consuming cash and depressing DEV IT's EBITDA.
Answered by Jaimin Shah
Asked by Sanika Deshmukh: Why transfer ByteSIGNER and Talligence to Technosys instead of scaling them within DEV IT?
p. 14
“the product business requires lots of investment, not only into developing the product, but also marketing the product. And that is also creating lots of cash, is also attracting lots of cash from the system, and that is also creating the, you can say, lower EBITDA for DEV IT.”
Jaimin Shah, page 14 of the filed PDF · View the filing
Risks flagged
Geopolitical turmoil prompted a deliberate shift toward lower-margin India business to protect company existence
p. 4
“because of geopolitical situation, we as a management, we decided to focus mainly on revenue, existence and India market so that our revenue growth, our existence and our technology focus remains intent.”
Jaimin Shah, page 4 of the filed PDF · View the filing
Global blockchain business did not pick up due to overall market conditions
p. 7
“Global blockchain business could not pick up last year because of overall market conditions, but we are still optimistic about blockchain business for exports as well as for India government business.”
Jaimin Shah, page 7 of the filed PDF · View the filing
Strategic alliance integrations with XDuce and UCI took longer and consumed more time and bandwidth than planned
p. 12
“the strategic alliance and the partnership has taken lots of time as well as strategic bandwidth because we wanted to first have our back-end strong ready so that our processes are aligned with all the companies.”
Jaimin Shah, page 12 of the filed PDF · View the filing
Delays in skill development and hiring forced outsourcing to third parties at lower margins
p. 12
“we invested; we are investing more on people for our focus area called ABCD. We forecasted that all those things will be really by last June, but it got exchange rate till December, January.”
Jaimin Shah, page 12 of the filed PDF · View the filing
UCI stake investment was delayed by several months
p. 7
“As you all know that UCI have invested 25%. That also got delayed by 4 to 5 months.”
Jaimin Shah, page 7 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.