33% per cent returns from 52-week low: Board announces stock split from Rs 5 to Rs 2; Record date inside!

DEV Information Technology Ltd (DEVIT) has announced a sub-division of its equity shares. Each existing equity share with a face value of Rs 5 will be split into two equity shares with a face value of Rs 2 each. The Board of Directors has fixed Thursday, August 21st, 2025, as the record date for determining the entitlement of equity shareholders for this sub-division/split.

About the Company

Founded in 1997, Dev IT has grown from a small-scale software provider to a global IT powerhouse. With a strong foundation in India and offices worldwide, the company offers many services, including cloud solutions, digital transformation, and enterprise applications. Known for its commitment to innovation and quality, Dev IT empowers businesses with cutting-edge technology. Their products, such as Talligence and ByteSIGNER, provide valuable tools for data analysis and document management. By understanding their clients' unique needs, Dev IT delivers tailored solutions that drive business growth and success.

According to the Quarterly Results, the revenue increased by 19 per cent to Rs 51.55 crore and net profit decreased by 74 per cent to Rs 1.13 crore in Q4FY25 compared to Q4FY24. In FY25, net sales increased by 4 per cent to Rs 171 crore and net profit increased by 67 per cent to Rs 15 crore compared to FY24.

The company has a market cap of over Rs 250 crore. The is up 33 per cent from its 52-week low of Rs 88.15 per share and gave multibagger returns of 369 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.