Dev IT Reports Strong Q3 FY25 Results with Growth in Revenue and Profits

Dev Information Technology Limited has reported robust financial growth for Q3 FY25, with significant increases in revenue and profits. Key developments include new enterprise contracts, expansion of cybersecurity services, and the acquisition of Dhyey Consulting Services. The company also announced plans for an IPO via its subsidiary Dev Accelerator Limited.

Dev Information Technology Limited, a global IT services provider, announced strong Q3 FY25 unaudited financial results, showcasing significant growth across its sectors. The company reported a total income of Rs 48.15 crore, reflecting a 50.61% year-on-year increase. EBITDA reached Rs 3.44 crore, marking a 28.56% growth, while net profit rose by 6.19% to Rs 1.82 crore.

On a standalone basis, Dev IT recorded a total income of Rs 42.85 crore, up by 38.32% from the previous year. With an EBITDA of Rs 3.72 crore and a net profit of Rs 2.06 crore, the company emphasizes its resilience and strategic growth initiatives. Founder and Chairman, Pranav Pandya, attributes this success to strategic expansions, client acquisitions, and a strengthened foothold in cybersecurity solutions.

The quarter also saw the acquisition of Dhyey Consulting Services and securing key enterprise contracts from US-based clients. Dev IT received the Best MSP Award in the 'IT as a Service' category, and its subsidiary, Dev Accelerator Limited, is preparing for an IPO to enhance its managed office space business.

(With inputs from agencies.)