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Revenue
₹53.87 Cr
verified against source
Revenue YoY
8.1%
reported change
EBITDA
₹5.04 Cr
latest reported figure
Source
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record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Dev IT reported Q4 FY26 consolidated total income of ₹56 cr (+8.1% YoY), with EBITDA surging 68.5% to ₹5.04 cr and margin expanding 322 bps to 8.99%. Net profit stood at ₹8.96 cr (vs ₹1.13 cr in Q4 FY25), boosted by exceptional gains. Full-year revenue was ~₹190 cr, near the lower end of guidance, as management deliberately prioritized India market stability amid geopolitical uncertainty, sacrificing margin. Strategic initiatives include a 25% stake sale to XUS Infoch for North America on-site presence, an exclusive distribution deal for Tally Intelligence AI platform, and transfer of product businesses to By Technosis. FY27 revenue guidance is ~₹200 cr with 15-20% growth expected in FY28. Key risk: integration delays with XUS and UCI could hamper near-term revenue ramp-up.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects consolidated revenue of approximately ₹200 crore for FY27, driven by strategic partnerships and integration.
- For FY28, management projects 15-20% revenue growth over FY27, supported by expanded North America presence.
- Expected business from XUS Infoch partnership is $1-2 million in FY27, growing to $3-5 million in FY28.
Risks flagged
- The strategic alliance with XUS and UCI has taken longer than expected, delaying revenue realization and margin improvement.
- Management acknowledged that focusing on India market has compressed margins, and the shift to higher-margin export business may take time.
- A significant portion of India revenue comes from government contracts, which can be lumpy and have slow payment cycles.
- Management noted that blockchain business did not grow as expected due to market conditions, despite optimism.
Key quotes
- Our philosophy is people first and business always and that is how our customer relationship, our customer retainership, our vendor retainership and above all our employee retentionship is really strong.
- We will be focusing on ABCD which is AI, BI, blockchain, cyber security and cloud data and data centers.
- We are expecting around 200 cr worth of revenue for current year and next year we are expecting around 15 to 20% growth from current year.
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