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Dev Information Technology Ltd consolidated sales down 18.08% on year in Q2FY2026, net profit witnessed a sharp fall of 76.45%
13-Aug-2026, 09:24
Dev Information Technology Ltd share price slipped 0.22% to Rs 27.0 after the company's net profit tanked by 76.45% to Rs 2.11 crore, while revenue from operations reduced 18.08% to Rs 44.13 crore in Q2FY26 over Q1FY26. The market capitalization of IT Enabled Services industry group stocks on BSE stood at Rs 2.4 lakh crore, gaining 2.02%. It has improved by 2.12% over last one week and jumped by 18.49% in last one month while the market capitalization of Dev Information Technology Ltd has slipped by 0.74% and 6.71% in the same period respectively. Profit before tax (PBT) of Dev Information Technology Ltd stood at Rs 2.73 crore in Q2 FY26, slipping 1.80% year-on-year, and plunging by 20.18% quarter-on-quarter. EBITDA came in at Rs 3 crore, declining 3.90% YoY and rallying 284.42% sequentially. Total expenses tumbled by 20.45% to Rs 41.05 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 11.74 crore, registering a fall of 43.04% YoY, while employee benefits expense was at Rs 25.48 crore, ticking higher by 1.39% YoY. For the TTM ended FY26, revenue from operations tick up 4.33% to Rs 170.66 crore, while net profit jumped 55.91% to Rs 14.78 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 1287% to Rs 2.78 crore, and PBT witnessed a strong rise of 44.76% to Rs 18.08 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 8.87 crore in FY26, as against Rs 0.79 crore in FY25. Dev Information Technology Ltd crashed 38.19% in last one year, underperforming the benchmark BSE Sensex which has slipped by 2.83% during the same period.
Dev Information Technology Ltd share price slipped 0.22% to Rs 27.0 after the company's net profit tanked by 76.45% to Rs 2.11 crore, while revenue from operations reduced 18.08% to Rs 44.13 crore in Q2FY26 over Q1FY26. The market capitalization of IT Enabled Services industry group stocks on BSE stood at Rs 2.4 lakh crore, gaining 2.02%. It has improved by 2.12% over last one week and jumped by 18.49% in last one month while the market capitalization of Dev Information Technology Ltd has slipped by 0.74% and 6.71% in the same period respectively. Profit before tax (PBT) of Dev Information Technology Ltd stood at Rs 2.73 crore in Q2 FY26, slipping 1.80% year-on-year, and plunging by 20.18% quarter-on-quarter. EBITDA came in at Rs 3 crore, declining 3.90% YoY and rallying 284.42% sequentially. Total expenses tumbled by 20.45% to Rs 41.05 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 11.74 crore, registering a fall of 43.04% YoY, while employee benefits expense was at Rs 25.48 crore, ticking higher by 1.39% YoY. For the TTM ended FY26, revenue from operations tick up 4.33% to Rs 170.66 crore, while net profit jumped 55.91% to Rs 14.78 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 1287% to Rs 2.78 crore, and PBT witnessed a strong rise of 44.76% to Rs 18.08 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 8.87 crore in FY26, as against Rs 0.79 crore in FY25. Dev Information Technology Ltd crashed 38.19% in last one year, underperforming the benchmark BSE Sensex which has slipped by 2.83% during the same period.