Dev IT gains on bagging Rs 1-crore order from RajCOMP Info Services

Dev Information Technology (Dev IT) rose 2.62% to Rs 113.50 after the company announced that it had secured a significant work order worth Rs 1.02 crore from RajCOMP Info Services, a key client.

The contract involves providing IT/ITeS and software development services to the Factories and Boilers Inspection Department, Government of Rajasthan, under the ?Raj Feb? project. The initiative aims to improve the enforcement of the Factories Act, 1948, and the Boilers Act, 1923, with a focus on promoting worker safety, health, and welfare.

The project is expected to be completed over a period of approximately fourteen months.

Dev Information Technology (DEV IT) is in the business of providing IT-enabled services.

The company's consolidated net profit fell 40.2% to Rs 2.11 crore on 21.2% rise in revenue from operations to Rs 42.99 crore in Q1 FY26 over Q1 FY25.

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