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Dev IT's profit surged 526% in H1 FY26, driven by a one-time gain, despite a sharp EBITDA drop and new contracts globally.
Dev Information Technology reported a 10.32% year-on-year increase in consolidated total income to INR 92.64 crore for the first half of fiscal year 2026, with net profit soaring 526.10% to INR 74.06 crore, largely due to an exceptional gain of INR 92.36 crore.
Despite a 54.62% drop in EBITDA to INR 7.85 crore, the company secured new enterprise and government contracts, expanded its international presence through partnerships in the US, Canada, Australia, and Europe, and advanced investments in AI, cybersecurity, blockchain, and data center technologies.
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El beneficio de Dev IT aumentó un 526% en el primer semestre del año fiscal 26, impulsado por una ganancia puntual, a pesar de una fuerte caída del EBITDA y de los nuevos contratos a nivel mundial.