Board meeting set for Q2 results and private debt raise

Revenue growth above 20%Profit growth above 25%Negative operating cash flowDebt to equity above the thresholdResults View source PDF Explain this filing

DEVX · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+7.6%Reaction day

₹39.30

prior close

₹42.15

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.7%+5.9% vs market

Diversified Commercial Services peers, median of 78sector+1.1%+6.5% vs sector

On the reaction day the stock moved 5.9 pts more than Nifty Microcap 250 and 6.5 pts more than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+7.6+1.7+5.9+1.1+6.5

Next day

+1.8+1.8+0.0+0.9+1.0

+2.7+2.5+0.3+1.0+1.7

+7.4-0.1+7.5+1.5+5.9

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+14.5+1.6+12.9+2.0+12.5

+11.8+5.0+6.8+4.0+7.8

15d

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UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 78Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The board will meet on November 3, 2026 to approve standalone and consolidated unaudited results for the quarter and six months ended September 30, 2026. It will also consider privately placing non-convertible debentures within the approved borrowing limit. Trading remains closed until 48 hours after the results are announced.

Likely market impact

Results may drive near-term price volatility, while the planned debt raise could increase leverage and interest costs if completed.

By the numbersConsolidated · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹80.23 Cr	₹51.84 Cr	+54.8%
Operating profit	₹4.67 Cr	−₹1.01 Cr	turned positive
Profit after tax	₹5.50 Cr	₹1.75 Cr	+213.5%
EBITDA margin	51.6%	51.1%	+0.5 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.