DEV IT Posts Robust Consolidated Total Income of INR 435 Mn in Q1 FY26

a day ago

PNNMumbai (Maharashtra) [India], August 13: 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 Q1 FY26.Q1 FY26 Consolidated Key Financial Highlights-Total Income of ₹ 434.59 Mn-EBITDA of ₹ 40.30 Mn-EBITDA Margin of 9.27%-Net Profit of ₹ 21.82 Mn-Net Profit Margin of 5.02%-EPS of ₹ 0.93Q1 FY26 Standalone Key Financial Highlights-Total Income of ₹ 356.89 Mn-EBITDA of ₹ 32.74 Mn-EBITDA Margin of 9.17%-Net Profit of ₹ 17.52 Mn-Net Profit Margin of 4.91%-EPS of ₹ 0.78Commenting on the performance, Mr. Pranav Pandya Founder & Chairman, said, 'The first quarter of FY26 marked a period of stable operations and consistent project execution across our core service areas. During the quarter, we secured key project wins that further strengthen our position as a technology partner in building digital public infrastructure. These include engagements focused on integrated platforms for government service delivery, skill development, and financial management–reflecting our domain expertise in implementing complex, large-scale solutions.During the quarter, we also began investing in enhancing our capabilities and capacity in emerging areas such as Artificial Intelligence and Cybersecurity. Additionally, as a company, we acquired some more e-governance projects to help mitigate potential disruptions in current geopolitical situations worldwide.While these strategic investments have had a short-term impact on margins, they are intended to position us for sustainable, long-term growth.In addition, our subsidiary, Dhyey Consulting Services Limited, was recognised among the Top 5 SMB Partners in India by Microsoft under the Business Application Impact category. This recognition underscores our continued focus on enterprise application services, particularly around Microsoft Dynamics and the Power Platform.As we look ahead, we remain focused on execution, strengthening our capabilities in emerging technologies, and supporting our clients with reliable, scalable digital solutions. These developments align with our broader strategy to support digital transformation initiatives across government and enterprise sectors. Our structured approach, combined with our solution design capabilities and delivery consistency, continues to drive meaningful outcomes for our clients."

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ARM Windows PCs can now download and run Xbox games locally: Know how

Business Standard

22 minutes ago

Business Standard

ARM Windows PCs can now download and run Xbox games locally: Know how

Microsoft has announced an update to the Xbox PC app for Windows on ARM devices, allowing users to download and play ARM64-compatible games locally. Until now, devices like the Qualcomm Snapdragon X-series chip-powered PCs could only stream games through Xbox Cloud Gaming, which relies on a constant internet connection. This update, currently available to Windows and Xbox Insiders, expands access to PC Game Pass and Game Pass Ultimate titles for local play, offering a smoother and more reliable gaming experience. What this update means for ARM PCs Previously, ARM-based Windows PCs were limited to cloud streaming for Xbox games, meaning a stable internet connection was required to play. With this update, Insiders can download select games directly to their devices. This allows gamers to play offline, enjoy lower latency, and take full advantage of the device's local hardware performance, rather than relying solely on the cloud. This significantly enhances the gaming experience on ARM-based Windows PCs, which are designed for long battery life and instant-on capabilities. The update is part of version 2508.1001.27.0 (and higher) of the Xbox PC app and is available to users enrolled in the PC Gaming Preview through the Xbox Insider Hub. Once enrolled, ARM-based devices can download compatible titles from the Xbox PC app catalog, including Game Pass and Game Pass Ultimate offerings. Microsoft's Windows and Xbox teams are working together to ensure as many games as possible are compatible with ARM PCs, and additional features are in development to expand this list further in the coming months. How to get enrolled in PC Gaming Preview Download the Xbox Insider Hub from the Microsoft Store. Launch the Xbox Insider Hub and sign-in with your Microsoft account you use for gaming. Under 'Previews', navigate to 'PC Gaming' and click join. Once the Xbox Insider Hub shows you as 'joined' for the PC Gaming Preview – go to the Microsoft Store and check for updates and you should see an Xbox PC app update for version 1001.27.0 or higher.

Sensex, Nifty end flat in rangebound trade ahead of long weekend

New Indian Express

26 minutes ago

New Indian Express

Sensex, Nifty end flat in rangebound trade ahead of long weekend

CHENNAI: Indian equity benchmarks closed almost unchanged on Thursday after a largely rangebound session, as traders avoided making big bets ahead of the extended Independence Day weekend. The markets will remain shut on Friday, August 15. The NSE Nifty 50 inched up 11.95 points, or 0.01 per cent, to settle at 24,631.30. The BSE Sensex moved in a narrow 261-point band, touching an intraday high of 80,751.18 and a low of 80,489.86, before ending 57.75 points, or 0.07 per cent, higher at 80,597.66. Weekly Nifty options expiry added bouts of intraday volatility. On the BSE, Eternal, Infosys and Asian Paints were the top gainers, while Tata Steel, Tech Mahindra and Adani Ports were among the biggest drags. On the NSE, Wipro, Eternal and Infosys led the gainers' list, whereas Tata Steel, Adani Ports and Hero MotoCorp ended as top losers. Broader markets underperformed, with the Nifty Midcap 100 falling 0.31 per cent and the Nifty SmallCap index down 0.38 per cent. Sectoral performance was mixed. Nifty Consumer Durables gained the most, up 0.75 per cent, followed by Nifty IT with a 0.4 per cent rise. Metals, oil & gas and realty stocks weighed on the indices, falling 1.39 per cent, 0.91 per cent and 0.76 per cent respectively. Analysts said the muted moves reflected cautious positioning ahead of the holiday, with traders booking profits in select sectors after recent gains, while IT and consumer-oriented stocks attracted some buying interest.

Muthoot Finance shares jump nearly 10 pc post Q1 earnings announcement

News18

31 minutes ago

News18

Muthoot Finance shares jump nearly 10 pc post Q1 earnings announcement

Agency: PTI New Delhi, Aug 14 (PTI) Shares of gold loan NBFC Muthoot Finance on Thursday jumped nearly 10 per cent after the firm reported a 65 per cent year-on-year rise in its consolidated profit after tax for the June quarter. The stock surged 9.83 per cent to settle at Rs 2,757.55 apiece on the BSE. During the day, it jumped 11.48 per cent to hit a 52-week high of Rs 2,799. On the NSE, the stock zoomed 9.86 per cent to Rs 2,757.40. Intra-day, it rose sharply by 11.55 per cent to Rs 2,800 — the 52-week high level. Muthoot Finance on Wednesday reported a 65 per cent year-on-year surge in consolidated profit after tax to Rs 1,974 crore for three months ended June 2025. In the same quarter last year, the company had posted a profit after tax of Rs 1,196 crore. Its loan assets under management increased 37 per cent year-on-year to Rs 1,33,938 crore in Q1 FY26 against Rs 98,048 crore last year. PTI SUM SUM SHW view comments First Published: August 14, 2025, 17:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.