Dev Information Technology has secured an order from National Informatics Centre Services, a Government of India Undertaking for the esteemed Project of 'Lok Sabha Secretariat'. It will encompass Design, Development, Implementation and Maintenance of Application Software and Website worth Rs 2.4 crore approximately. Powered by Capital Market - Live

National Informatics Centre Services is a Government of India undertaking project of Lok Sabha Secretariat. The contract entails the design, development, implementation, and maintenance of application software and a website. The order is expected to be executed within a time period of approximately 9 months to 1 year. The broad consideration of the contract is approximately Rs 2.4 crore. Dev Information Technology is a technology solution provider helping companies in their digital transformation from advisory to execution, backed by expert applications and infrastructure management. The company's consolidated net profit added 1.77% to Rs 1.72 crore on a 50.36% rise in revenue from operations to Rs 47.71 crore in Q3 FY25 over Q3 FY24. Shares of Dev Information Technology (DEV IT) rose 0.31% to Rs 129.45 on the BSE.Powered by Capital Market - Live

The contract entails the design, development, implementation, and maintenance of the project, which was expected to span approximately nine months. In the presence of multiple empaneled companies under the national informatics centre (NIC) in Delhi, it is a matter of great honor for DEV IT to be selected for this prestigious project. The selection follows a thorough due diligence process and further reinforces DEV IT's reputation as a trusted technology partner in the e-governance space. This project marked a key milestone in DEV IT's growing footprint in the e-governance sector. Successful execution was anticipated to enhance the company's credibility, unlock opportunities for government collaborations, and facilitate its continued expansion within the public sector. Pranav Pandya, Founder & Chairman (DEV IT), said, 'Winning this prestigious mandate from the Rajya Sabha Secretariat reaffirms our commitment to delivering cutting-edge digital solutions. The selection of DEV IT among multiple empanelled companies under NIC at Delhi underscores the trust placed in our expertise. Our E-Gov North team has consistently demonstrated excellence, and this project further strengthens our leadership in the e-governance space. Beyond enhancing our position in the sector, this work order paves the way for new collaborations with government institutions. Successful execution will reinforce our technical capabilities, credibility, and potential for future opportunities in the public sector. We remain dedicated to leveraging our expertise to drive digital transformation and expand our impact.' Dev Information Technology is a technology solution provider helping companies in their digital transformation from advisory to execution backed by expert applications and infrastructure management. The company's consolidated net profit added 1.77% to Rs 1.72 crore on a 50.36% rise in revenue from operations to Rs 47.71 crore in Q3 FY25 over Q3 FY24.Powered by Capital Market - Live

Dev Information Technology has secured an order from Gujarat Energy Development Agency for Scanning and Digitization of Physical Document Records along with development of web-based Document Management system (DMS) Software for GEDA, Gandhinagar office worth Rs 1.92 crore approximately.Powered by Capital Market - Live

Net profit of Dev Information Technology rose 1.76% to Rs 1.73 crore in the quarter ended December 2024 as against Rs 1.70 crore during the previous quarter ended December 2023. Sales rose 50.32% to Rs 47.71 crore in the quarter ended December 2024 as against Rs 31.74 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales47.7131.74 50 OPM %6.297.72 - PBDT2.932.35 25 PBT2.222.02 10 NP1.731.70 2 Powered by Capital Market - Live

Net profit of Dev Information Technology rose 26.67% to Rs 2.09 crore in the quarter ended December 2024 as against Rs 1.65 crore during the previous quarter ended December 2023. Sales rose 38.18% to Rs 42.45 crore in the quarter ended December 2024 as against Rs 30.72 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales42.4530.72 38 OPM %7.827.58 - PBDT3.302.29 44 PBT2.731.97 39 NP2.091.65 27 Powered by Capital Market - Live

These contracts will contribute an annual revenue of USD 250,000 (approximayely Rs 2 crore) to the company. The company would provide compliance guidance service and 24x7 managed SOC service to the said client. Pranav Pandya, founder & chairman (DEV IT), said: Securing these contracts reaffirms the trust our clients place in us. Our ability to adapt, innovate, and provide world class cybersecurity services has positioned us as a preferred partner. We are excited about the opportunities this unlocks for the future.' Dev Information Technology is a technology solution provider helping companies in their digital transformation from advisory to execution backed by expert applications and infrastructure management. The company's consolidated net profit surged 411.6% to Rs 8.39 crore on 28.6% rise in revenue from operations to Rs 35.94 crore in Q2 FY24 over Q2 FY23. Powered by Capital Market - Live

DEV Information Technology has secured two significant cybersecurity orders from an existing USA-based enterprise client. These contracts will contribute an annual revenue of USD 250,000 (Rs 2 crore) to the company. DEV IT will be delivering the following key cybersecurity services: ' Compliance Guidance' Helping clients meet ISO, HIPAA, and GDPR standards. ' 24x7 Managed SOC Services ' Continuous threat monitoring using Cortex and Azure Sentinel. Powered by Capital Market - Live

Dev Information Technology will hold a meeting of the Board of Directors of the Company on 7 February 2025.Powered by Capital Market - Live

Dev Information Technology announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 20 December 2024 .Powered by Capital Market - Live