Dev Accelerator Reports Q1 FY27 Results: Revenue from Operations Stands at Rs 53.8 Cr; EBITDA Grows 14.7% YoY
Ahmedabad, August 13, 2026: Dev Accelerator Limited (DevX), a leading provider of managed and co-working spaces in Tier-1 and Tier-2 cities, has announced its unaudited consolidated financial results for the quarter ending June 30, 2026. The company reported Revenue from Operations of Rs 53.8 Cr, while EBITDA reached Rs 30.3 Cr, reflecting a significant improvement in profitability compared to previous periods.DevX continues to scale its operations through managed office spaces, offering services that include end-to-end interior fit-out solutions, design and execution, payroll, facility management, and IT/ITeS services.
Q1 FY27 Financial Performance Summary
The company maintained a strong performance during the quarter, supported by steady demand for its services from enterprise clients in core markets. The financial highlights are presented below:| Metric | Q1 FY27 (Rs Crore) | Q1 FY26 (Rs Crore) | Y-o-Y Change (%) | Q4 FY26 (Rs Crore) | Q-o-Q Change (%) |
|---|---|---|---|---|---|
| Revenue from Operations | 53.8 | 55.6 | -3.3% | 59.3 | -9.3% |
| EBITDA | 30.3 | 26.4 | 14.7% | 32.5 | -6.9% |
| Margin % | 56.3% | 47.4% | 886 bps | 54.9% | 141 bps |
| PBT | 1.6 | 0.9 | 66.5% | 10.5 | -85.0% |
| PBT Margin % | 2.8% | 1.7% | 112 bps | 16.6% | nm |
| PAT | 1.5 | 0.1 | X-fold (15x) | 8.0 | -81.1% |
| PAT Margin % | 2.7% | 0.2% | 241 bps | 12.6% | -992 bps |
Operational Strength and Market Reach
The Company currently operates 27 centers across 12 Tier-1 and Tier-2 cities in India. The total managed office space has expanded to 1.13 Million sq. ft., marking a growth of 31.4% year-on-year, with an overall occupancy rate reported at 91.9%. Enterprise clients remain the primary revenue drivers, demanding highly customized and technology-enabled workspaces.Dev Accelerator’s comprehensive service offerings include Managed Office Space (covering formats like Shared Floor Offices), End to End Interior Fit-Out Solutions, and specialized services such as Software Development, Data Analytics, Cloud Services, and Mobile & Web Applications.
Strategic Initiatives and Financial Structure
The company is focused on developing a technology-led real estate ecosystem through its AI Infrastructure Launchpad, which seeks to invite innovators in AI and PropTech to improve operational efficiency and enhance customer experience. Furthermore, Dev Accelerator is leveraging its investment in Eezily for market intelligence, gaining access to broker networks and demand insights.Financially, the company reported raising Rs 100 crore through non-convertible debt, diversifying its capital base. Upon the conversion of recently issued preferential warrants, the promoter shareholding is anticipated to rise from 36.81% to approximately 37.29%.
In terms of expansion, Dev Accelerator is maintaining disciplined execution of its growth plans and improving utilization across operational centers. The company has a future pipeline consisting of 2.31 Million sq ft planned for addition, alongside 0.19 Million sq ft under fit out, projecting the total managed space to reach 3.63 Million sq ft by FY29.
DEVX Stock Price Movement
Shares of Dev Accelerator Limited slipped by 3.83% in post-market trading today, settling at ₹33.53 after closing lower from the previous session. The stock traded a volume of 120,508 shares, having moved within an intraday range defined by a high of ₹35.8 and a low of ₹33.11.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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