Dev Information Technology will hold a meeting of the Board of Directors of the Company on 7 June 2023.

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Dev Information Technology announced that the Board of Directors of the Company at its meeting held on 16 May 2023, has recommended a Final dividend of Rs.0.25 per share (i.e.5%), subject to the approval of the shareholders.

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Net profit of Dev Information Technology rose 1480.95% to Rs 3.32 crore in the quarter ended March 2023 as against Rs 0.21 crore during the previous quarter ended March 2022. Sales rose 40.11% to Rs 44.26 crore in the quarter ended March 2023 as against Rs 31.59 crore during the previous quarter ended March 2022.

For the full year,net profit rose 6800.00% to Rs 8.97 crore in the year ended March 2023 as against Rs 0.13 crore during the previous year ended March 2022. Sales rose 24.38% to Rs 124.16 crore in the year ended March 2023 as against Rs 99.82 crore during the previous year ended March 2022.

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Net profit of Dev Information Technology rose 217.11% to Rs 2.41 crore in the quarter ended March 2023 as against Rs 0.76 crore during the previous quarter ended March 2022. Sales rose 31.94% to Rs 41.89 crore in the quarter ended March 2023 as against Rs 31.75 crore during the previous quarter ended March 2022.

For the full year,net profit rose 354.17% to Rs 8.72 crore in the year ended March 2023 as against Rs 1.92 crore during the previous year ended March 2022. Sales rose 23.16% to Rs 121.97 crore in the year ended March 2023 as against Rs 99.03 crore during the previous year ended March 2022.

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