Integrated Filing — IndAS



General information about company

Scrip Code 543462
NSE Symbol DEVIT
MSEI Symbol NOTLISTED
ISIN INE060X01026
Name of company Dev Information Technology Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 29-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 23-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment IT and Ites
Start date and time of board meeting 29-May-2025   16:00:00
End date and time of board meeting 29-May-2025   17:40:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2025-05-29
Indicate Company website link for updated RPT policy of the Company https://www.devitpl.com/investor-relations/
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable



Financial Results Ind-AS

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 459651000 1506294000
Other income 2190000 126939000
Total income 461841000 1633233000
2 Expenses
(a) Cost of materials consumed 255888000 615738000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -16027000 -8502000
(d) Employee benefit expense 181233000 744606000
(e) Finance costs 4300000 16402000
(f) Depreciation, depletion and amortisation expense 5020000 22029000
(f) Other Expenses
1 Other Expenses 19698000 55626000
Total other expenses 19698000 55626000
Total expenses 450112000 1445899000
3 Total profit before exceptional items and tax 11729000 187334000
4 Exceptional items 0 0
5 Total profit before tax 11729000 187334000
6 Tax expense
7 Current tax 4630000 38392000
8 Deferred tax -1613000 -5262000
9 Total tax expenses 3017000 33130000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 8712000 154204000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 8712000 154204000
17 Other comprehensive income net of taxes 150000 -862000
18 Total Comprehensive Income for the period 8862000 153342000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 112670000 112670000
Face value of equity share capital 5 5
27 Details of debt securities
22 Reserves excluding revaluation reserve 0
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.38 6.85
Diluted earnings (loss) per share from continuing operations 0.37 6.84
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.38 6.85
Diluted earnings (loss) per share from continuing and discontinued operations 0.37 6.84
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 81827000
Capital work-in-progress 0
Investment property 0
Goodwill 0
Other intangible assets 33639000
Intangible assets under development 13057000
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 188843000
Trade receivables, non-current 0
Loans, non-current 11733000
Other non-current financial assets 48460000
Total non-current financial assets 249036000
Deferred tax assets (net) 1720000
Other non-current assets 0
Total non-current assets 379279000
2 Current assets
Inventories 71877000
Current financial asset
Current investments 0
Trade receivables, current 707280000
Cash and cash equivalents 4554000
Bank balance other than cash and cash equivalents 14000
Loans, current 0
Other current financial assets 0
Total current financial assets 711848000
Current tax assets (net) 1040000
Other current assets 5185000
Total current assets 789950000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 1169229000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 112670000
Other equity 597395000
Total equity attributable to owners of parent 710065000
Non controlling interest
Total equity 710065000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 55012000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities
Total non-current financial liabilities 55012000
Provisions, non-current 4770000
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 59782000
Current liabilities
Current financial liabilities
Borrowings, current 101294000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 31210000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 153833000
Total Trade payable 185043000
Other current financial liabilities 58686000
Total current financial liabilities 345023000
Other current liabilities 48873000
Provisions, current 5486000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 399382000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 459164000
Total equity and liabilites 1169229000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurements of the defined benefit plans 763000 -589000
2 Changes in Fair Value of Investments -563000 -563000
Total Amount of items that will not be reclassified to profit and loss 200000 -1152000
2 Income tax relating to items that will not be reclassified to profit or loss 50000 -290000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income 150000 -862000



Cash flow statement, indirect

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 187334000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 16402000
Adjustments for decrease (increase) in inventories -8502000
Adjustments for decrease (increase) in trade receivables, current -252028000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 0
Adjustments for decrease (increase) in other non-current assets -116362000
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 93106000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 22029000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains -729000
Adjustments for dividend income 188000
Adjustments for interest income 5487000
Adjustments for share-based payments 4987000
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 95000
Other adjustments for non-cash items 5440000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -241237000
Net cash flows from (used in) operations -53903000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 38756000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -92659000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 107993000
Other cash payments to acquire equity or debt instruments of other entities 41107000
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 79000
Purchase of property, plant and equipment 26688000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 3429000
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 26250000
Net cash flows from (used in) investing activities 69956000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 4915000
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 40553000
Repayments of borrowings 0
Payments of lease liabilities 31000
Dividends paid 11242000
Interest paid 16402000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 17793000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -4910000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -4910000
Cash and cash equivalents cash flow statement at beginning of period 9464000
Cash and cash equivalents cash flow statement at end of period 4554000





Details of Impact of Audit Qualification

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M/s. Rinkesh Shah & Co. Yes 31-Jul-2027


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Dev Information Technology Limited Jayshree J. Shah Promoter Group Any other transaction Rent 1500000 Rent upto Rs. 15,00,000 pa. 60000 180000 30000
2 Dev Information Technology Limited Sensidata Relative of Promoter Group Purchase of goods or services 1500000 Services charges for availing of services upto 15,00,000 p.a 420000 140000 140000
3 Dev Information Technology Limited Sensidata Relative of Promoter Group Sale of goods or services 100000 Services charges for rendering of services upto 1,00,000 p.a 3000 0 0
4 Dev Information Technology Limited Aarti Shah Promoter Group Purchase of goods or services 2000000 Services charges for availing of services upto 20,00,000 p.a. 900000 180000 150000
5 Dev Information Technology Limited Dev Accelerator Limited Associate Company Sale of goods or services 2000000 Services charges for rendering of services upto 20,00,000 p.a. 721000 0 521000
6 Dev Information Technology Limited Dev Info-Tech North America Limited. Subsidiary Company Sale of goods or services 160000000 Services charges for rendering of services upto 16,00,00,000 p.a. 58498000 68738000 27962000
7 Dev Information Technology Limited Dynamics Stars LLC Subsidiary Company Sale of goods or services 50000000 Services charges for rendering of services upto 5,00,00,000 p.a. 35419000 0 35069000
8 Dev Information Technology Limited Lilikoi Technologies Inc Promoter Sale of goods or services 40000000 Services charges for rendering of services upto 1,00,00,000 p.a. 0 25118000 25118000
9 Dev Information Technology Limited Mas Financial Services Limited Enterprise over which Executive director is appointed as Independent director Sale of goods or services 1500000 Services charges for rendering of services upto 15,00,000 p.a 719000 0 135000
10 Dev Information Technology Limited Zodiac Energy Limited Enterprise over which Key Managerial Personnel is appointed as Independent director Sale of goods or services 1000000 Services charges for rendering of services upto 10,00,000 p.a 721000 0 6000
11 Dev Information Technology Limited Gujarat Apollo Industries Limited Enterprise over which Key Managerial Personnel is appointed as Independent director Sale of goods or services 1000000 Services charges for rendering of services upto 10,00,000 p.a 217000 0 0
12 Dev Information Technology Limited Dhyey Consulting Services Pvt. Ltd. Wholly owned Subsidiary Company Sale of goods or services 25000000 Services charges for rendering of services upto 2,50,00,000 p.a 10877000 6007000 14879000
13 Dev Information Technology Limited Dhyey Consulting Services Pvt. Ltd. Wholly owned Subsidiary Company Purchase of goods or services 1500000 Services charges for rendering of services upto 15,00,000 p.a 476000 840000 1316000
14 Dev Information Technology Limited MINDDEFFT TECHNOLOGIES PRIVATE LIMITED Wholly owned Subsidiary Company Sale of goods or services 500000 Services charges for rendering of services upto 5,00,000 p.a 30000 0 0
15 Dev Information Technology Limited Rama Moondra Non Executive Independent Director Any other transaction Sitting Fees Sitting fees as approved by Members in their General Meeting 20000 0 0
16 Dev Information Technology Limited Venkata Rama Subba Rao Velamuri Non Executive Independent Director Any other transaction Sitting Fees Sitting fees as approved by Members in their General Meeting 25000 0 0
17 Dev Information Technology Limited Umesh Rateja Non Executive Independent Director Any other transaction Sitting Fees Sitting fees as approved by Members in their General Meeting 20000 0 0
18 Dev Information Technology Limited Bhavin Bhagat Non Executive Independent Director Any other transaction Sitting Fees Sitting fees as approved by Members in their General Meeting 5000 0 0
19 Dev Information Technology Limited Jaimin J. Shah Managing Director Remuneration Remuneration as approved by Members in their General Meeting 2018000 0 0
20 Dev Information Technology Limited Pranav N. Pandya Chairman & Whole-Time Director Remuneration Remuneration as approved by Members in their General Meeting 1843000 0 0
21 Dev Information Technology Limited Prerak P. Shaht Whole time director Remuneration Remuneration as approved by Members in their General Meeting 1976000 0 0
22 Dev Information Technology Limited Vishal Vasu Whole time director Remuneration Remuneration as approved by Members in their General Meeting 1595000 0 0
23 Dev Information Technology Limited Amisha J. Shah Promoter Remuneration 3000000 0 1489000 0 0
24 Dev Information Technology Limited Kruti P. Pandya Promoter Remuneration 3000000 0 1350000 0 0
25 Dev Information Technology Limited Sapna V. Vasu Promoter Remuneration 3000000 0 720000 0 0
26 Dev Information Technology Limited Jaimin J. Shah Managing Director Loan NA 1150000 69000 118000 Loan 0 0 Loan 0.1 5 Unsecured Loan taken from director for day to day working capital requirement
27 Dev Information Technology Limited Pranav N. Pandya Chairman & Whole-Time Director Loan Na 7400000 77000 1140000 Loan 0 0 Loan 0.1 5 Unsecured Loan taken from director for day to day working capital requirement
28 Dev Information Technology Limited Jaimin J. Shah Managing Director Loan NA 18000000 0 0 Loan 0 0 Loan 0 1 Unsecured Loan taken from director for day to day working capital requirement
29 Dev Information Technology Limited Pranav N. Pandya Chairman & Whole-Time Director Loan NA 4840000 0 0 Loan 0 0 Loan 0 1 Unsecured Loan taken from director for day to day working capital requirement
30 Dev Information Technology Limited Sapna V. Vasu Promoter group Loan NA 982000 0 0 Loan 0 0 Loan 0 1 Unsecured Loan taken from director for day to day working capital requirement
31 Dev Information Technology Limited Vishal Vasu Whole time director Loan NA 12436000 0 0 Loan 0 0 Loan 0 1 Unsecured Loan taken from director for day to day working capital requirement
32 Dev Information Technology Limited Prerak P. Shaht Whole time director Loan NA 4828000 0 0 Loan 0 0 Loan 0 1 Unsecured Loan taken from director for day to day working capital requirement
33 Dhyey Consulting Services Pvt. Ltd. Dynamics Stars LLC Subsidiary to Subsidiary transaction Sale of goods or services NA 1144000 4000 1149000
34 Dynamics Stars LLC Dev Info-Tech North America Limited. Subsidiary to Subsidiary transaction Sale of goods or services NA 35075000 0 35075000
Total value of transaction during the reporting period 205977000