Indian IT services company Dev Information Technology (DEV IT) has reported audited financials for the fourth quarter and full year of FY26, posting consolidated total income of ₹193.50 crore (approximately €21.3 million) and consolidated net profit of ₹75.60 crore (approximately €8.3 million), representing year-on-year growth of 411.48%. The results, reported by Irish Sun, include an exceptional unrealised gain of approximately ₹93.55 crore (approximately €10.3 million) arising from the reclassification of the company's EV Accelerator stake following its IPO.

On a standalone basis, Q4 FY26 net profit grew 848.70% year on year, with EBITDA expanding 93.38% and EBITDA margin improving by 389 basis points to 8.45%.

Pranav Pandya, Chairman of Dev Information Technology, said: "FY26 was a strategically significant year as we strengthened our position across cloud services, digital transformation, enterprise applications, and managed IT services while simultaneously enhancing operational efficiency and profitability."

The company completed several strategic initiatives during the year, including the acquisition of a stake by XDUce to enhance AI, cybersecurity and global delivery capabilities, and a collaboration with A2I Technologies to expand its AI-powered product portfolio. DEV IT also achieved multiple Microsoft solution partner designations during the period.

Portfolio optimisation measures, including the transfer of certain product businesses, were undertaken to redirect resources toward higher-growth service segments. The company is headquartered in Ahmedabad with offices across India and Canada, and holds ISO 20000, ISO 27001, ISO 9001 and CMMI Level 5 certifications.

Read the full financial results for a comprehensive breakdown of DEV IT's FY26 performance and strategic outlook in the full coverage.