DEV INFORMATION TECHNOLOGY LIMITED — Earnings Release 2025

Nov 13, 2024

Dev Information Technology Limited

Reg. Office: 14, Aaryans Corporate Park, Near Shilaj Railway Crossing, Thaltej-Shilaj Road, Thaltej, Ahmedabad - 380 059. (INDIA) Phone: +91 94298 99852 / 53

www.devitpl.com | info@devitpl.com

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Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479

Date: 13[th] November, 2024

To, To, The Manager-Listing Department, The Secretary, The National Stock Exchange of India Limited, BSE Limited Exchange Plaza, Plot No. C/1, G-Block, Phiroze Jejeebhoy Towers, Bandra Kurla complex,Bandra East, Dalal Street Mumbai-400 051 Mumbai -400001 Trading Symbol: DEVIT Trading Symbol: 543462

Subject: Press Release:

Ref.: Regulation 30 (Disclosure of event or information) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sir/Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we are enclosing herewith the copy of the press release titled “ Dev IT Q2 FY25 PAT Rises by 389%, Reports Significant Growth”.

Kindly take the above information on your records.

Thanking you,

On behalf of Board of Directors

DEV INFORMATION TECHNOLOGY LIMITED

Digitally signed by KRISA KAIRAV SHAH DN: c=IN, o=Personal, title=2582, pseudonym=CDCD7FC7D81194322A5D754479A9 9121, KRISA KAIRAV 2.5.4.20=85084771729dcbf53eeb59ca8816c30230 0d8440cb27e3444c7c94d4181b4266, postalCode=380007, st=Gujarat, SHAH serialNumber=0D148FB642AD1A5177D6AC789F641CE2A46A0172B9661A7716658794938A1AF0, cn=KRISA KAIRAV SHAH Date: 2024.11.13 12:28:53 +05'30' Krisa Shah

(Company Secretary and Compliance Officer) Place: Ahmedabad

Encl.: a/a

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Managed IT Services |

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Cloud Services

Digital Transformation

Mobile Applications

Enterprise Applications

Business Applications |

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Mumbai – November 12, 2024 – Dev Information Technology Limited, (NSE – DEVIT, BSE - INE060X01026), a global IT services company providing Cloud Services, Digital Transformation, Enterprise Applications, and Managed IT Services, with products like Talligence and ByteSigner, has announced its Unaudited Financial Results for the Q2 FY25 & H1 FY25.

Key Financial Highlights

		Consolidated	Consolidated		Standalone
Particulars(₹ Cr)	Q2 FY25	Q2 FY24	YoY Change	Q2 FY25	Q2 FY24	**YoY Change **
Total Income	48.24	28.50	69.26%	43.84	30.51	43.70%
EBITDA	11.23	2.61	329.64%	11.56	2.56	351.02%
EBITDA(%)	23.28	9.17	1,411 Bps	26.36%	8.40%	1,796 Bps
PAT	8.07	1.65	390.66%	9.14	1.62	463.13%
PAT Margin(%)	16.81%	5.80%	1,101 Bps	20.78%	5.32%	1,553 Bps
Commenting on the performance, Mr. Pranav Pandya Founder & Chairman, said,“We are pleased toannounce our fnancial performance for Q2 FY25, demonstrating our commitment to innovation andquality. The signifcant growth we achieved this quarter is a testament to our team’s commitment toinnovation and excellence in delivering value-driven solutions to our clients. The impressive increase inour EBITDA and PAT refects our operational effciency and strategic growth across multiple service lines.This quarter’s successes, from securing valuable contracts like Kaushal Darpan and RAJKISAN SATHI toreceiving the prestigious MSP India Summit award, reinforce our commitment to driving digitaltransformation in the industries we serve.Our recent contributions to high-profle government projects,such as SWIT for IFSCA, showcase the trust our clients place in us to deliver advanced solutions thatdrive effciency at a national scale.The strategic projects we are undertaking further strengthen our role in the IT services sector, enablingus to meet the evolving needs of our clients. Our client-centred approach has helped us establish strongpartnerships and deliver tailored solutions that drive effciency and transformation.Looking ahead, we plan to expand our technology offerings to include IoT and cybersecurity services,enhancing our value proposition. We also aim to broaden our presence in North America and explorenew markets for further growth. Building on our recent achievements, we are confdent that ourstrategies will support sustainable growth, beneft our clients, and reinforce our standing in the ITservices industry.”

Highlights for Q2 FY25 (July 2024 – September 2024) ₹ 2 Cr order from RajCOMP for portal integration across 140 Kaushal Darpan Order Polytechnics and 1500 ITIs, 2–3-year term. ₹ 5 Cr order from RajCOMP for RAJKISAN SATHI Portal maintenance RAJKISAN SATHI Order and 13+ apps. 1–2-year term.

	GSFC IT Services Contract	₹97 Lakhs contract with GSFC for managed IT services, includingemail and Active Directorysolutions. 5-year term.
	Award at MSP India Summit	Won "IT as a Service" award at MSP India Summit 2024, organized bySME Channels
	SWIT Developed by DevIT	PM Modi launched the Single Window IT System (SWIT) for IFSCA,developed by DevIT, streamlining operations and boosting India’sIFSC competitiveness.

About Dev Information Technology Limited

Dev Information Technology Limited (DEV IT), founded in 1997, listed on NSE & BSE, ISO 20000, ISO 27001, ISO 9001 & CMMi Lavel 3, has evolved from a small-scale business automation software solutions provider into a global IT services powerhouse. Over the years, the company has empowered businesses worldwide with a blend of information technology, innovation, and digital transformation. Headquartered in Ahmedabad, having its offices in multiple in India and also in Canada, the company emphasizes continuous innovation, quality, streamlined processes, and technological prowess. The company’s people and client-centric approach involves collaborating with clients globally to understand their specific goals and empower them to achieve their business objectives.

The company offers a comprehensive end-to-end range of services, including Cloud Services, Digital Transformation, Enterprise Applications, Managed IT Services, and Application Development. The company’s products, comprises Talligence, an analytics platform, and ByteSigner, a digital signing solution.

With its foundation in one of India’s fastest-growing metros, the company has continuously evolved to meet the dynamic demands of the IT industry. The leadership, comprising experienced professionals, drives the company towards achieving its vision of empowering businesses worldwide through cuttingedge technology solutions. The company's steadfast commitment to innovation, quality, and client satisfaction underpins its growth and success in the IT services sector.

In conclusion, the company remains dedicated to driving digital transformation and delivering unparalleled value to its clients. As the company moves forward, it continues to embrace new challenges and opportunities, solidifying its position as a leader in the IT services sector.

In FY24, the company reported Revenue of ₹ 165.12 Cr, EBITDA of ₹ 15.31 Cr and PAT of ₹ 9.48 Cr.

Disclaimer

Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

For Further Information Please Contact Corporate Communication Advisor

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Kirin Advisors Private Limited Sunil Mudgal – Director sunil@kirinadvisors.com +91 98692 75849 www.kirinadvisors.com