| Revenue growth | Strong 50.6% YoY consolidated revenue growth reported for Q3 FY25. |
|---|---|
| Margins | Improving EBITDA margins by focusing on higher-value technical services. |
| Order book | Includes marquee government orders from Rajya Sabha and Lok Sabha. |
| Demand visibility | High visibility in cybersecurity and AI-led digital transformation services. |
| Management confidence | Confident, focusing on transitioning toward higher-margin tech service segments. |
Growth
Revenue grew 50.6% YoY; EBITDA increased 28.5%. Expansion is driven by high-margin cybersecurity and Cloud segments.
Outlook
Targeting 4-5x headcount growth in cybersecurity. Strategic focus on North American market expansion through acquisitions.
Risks
High dependency on government contracts (60% of domestic revenue) and significant 60-100 day payment cycles.
Last quarter's promises, checked
Delivered
- Guided 60% recurring revenue → delivered 60% (= BEAT)
- Targeting India-centric business growth → delivered 10.32% H1 growth (= BEAT)
- Focus on high-value asset creation → delivered DevX exceptional gain of ₹93.55 Cr (= BEAT)
Partly delivered
- Guided order book visibility ₹130-140 Cr → delivered ₹49.18 Cr Q2 revenue (= PARTIAL)
Missed
- Targeting export business increase → delivered focus shift to domestic sustainability (= MISS)
Earnings Call filed with BSE, NSE: DEVIT. Summary written with AI assistance from the document.
Dev Information Technology Ltd: key numbers
- Share price
- ₹22.28
- Market cap
- ₹125.6 Cr
- Revenue (annual)
- ₹189.5 Cr
- Net profit (annual)
- ₹75.78 Cr
- P/E (TTM)
- 1.7×Sector 22.1×
- Promoter holding
- 41.58%+0.00% QoQ
- FII holding
- 0.33%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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- Value
- ₹0.30 Cr
- From
- Central Power Research Institute (CPRI) Bangalore, Ministry of Power, Government of India
- Execution
- approximately 4 years
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