DEV INFORMATION TECHNOLOGY LIMITED — Earnings Release 2025

Feb 11, 2025

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: 11[th] February, 2025

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

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 Delivers Robust Q3 FY25 Total Income Up 51%”.

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=CDCD7FC7D81194322A5D754479A991 21, KRISA KAIRAV 2.5.4.20=85084771729dcbf53eeb59ca8816c302300d 8440cb27e3444c7c94d4181b4266, postalCode=380007, st=Gujarat, serialNumber=0D148FB642AD1A5177D6AC789F641 SHAH CE2A46A0172B9661A7716658794938A1AF0, cn=KRISA KAIRAV SHAH Date: 2025.02.11 15:29:11 +05'30' Krisa Shah (Company Secretary and Compliance Officer) Place: Ahmedabad

Encl.: a/a

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Enterprise Applications |

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Cloud Services

Digital Transformation

Mobile Applications

Managed IT Services

Business Applications |

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Dev IT Delivers Robust Q3 FY25 Total Income Up 51%

Mumbai – February 07, 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 Q3 FY25.

Key Financial Highlights

		Consolidated	Consolidated		Standalone
Particulars (₹ Cr)	Q3 FY25	Q3 FY24	YoY **Change **	Q3 FY25	Q3 FY24	YoY **Change **
Total Income	48.15	31.97	50.61%	42.85	30.98	38.32%
EBITDA	3.44	2.68	28.56%	3.72	2.58	44.04%
Net Profit	1.82	1.71	6.19%	2.06	1.65	24.95%
EPS(₹)	0.79	0.77	2.60%	0.95	0.75	26.67%
Commenting on the performance, Mr. Pranav Pandya Founder & Chairman, said,“We are pleased with our Q3 FY25 performance, which refects steady growth, supported by our ongoing expansion and client acquisitions. Ourcybersecurity services, key contract wins, and the acquisition of Dhyey Consulting Serviceshave contributed to our progress, enhancing our capabilities in IT solutions. Securingenterprise contracts from U.S.-based clientsand being recognized with theBest MSP Award in the “IT as a Service” category highlight our growing expertise in the industry.Dev Accelerator Limited’s (DevX) IPO filingis an important step toward expanding our managed office space business, further broadening our service portfolio. Looking ahead, we remain focused onexpanding our cybersecurity solutions, digital transformation services, and cloud offeringsto align with evolving market needs, by leveraging AI/ML-driven innovations and strengtheningourglobalpresence.”

Q3 FY25 Key Business Highlights

Secured Contracts	Secured KeyEnterprise Contracts from USA based Clients
Expanded Cybersecurity Services	Expanded its cybersecurity services with advanced solutions, includingthreat management,SOC,and cloud security
Wins Best MSP Award	Won the Best MSP award in the “IT as a Service” category at the Star Award Nite 2024,hosted byVAR India in New Delhi
Secured Order	Secured an₹84.5 lakh order from Bhavnagar Municipal Corporation
Received Contracts	Received multiple contracts across industries, including IT infrastructure enhancement, public sector modernization, data analytics for real estate, and digital transformation for a financial consultancy
Acquires Dhyey Consulting Services	Acquired a 100% stake in Dhyey Consulting Services
DevX Files for IPO	Dev Accelerator Limited, promoted company of Dev IT, Files Draft Papers for IPO

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

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