Dev Accelerator Limited has informed the Exchange about Investor Presentation
DEVX · price
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Dev Accelerator Limited (DEVX) reported strong FY26 results with standalone revenue of ₹171 crore, up 34% YoY, and EBITDA margin expanding to 60.5% from 59.8% in FY25. Profit before tax grew 922% to ₹10.2 crore, marking the second consecutive year of positive PBT. The company operates 28 centers across 12 cities with 0.83 million sq. ft. AUM, achieving 90.31% occupancy and a near-zero net churn rate. Consolidated revenue stood at ₹226 crore with EBITDA of ₹109 crore at 48.4% margin. The company signed India's largest single managed office contract of 8 lakh sq. ft. in Ahmedabad and is targeting expansion to 30 lakh sq. ft. by FY28. 75% of revenue comes from Tier-2 cities where the company enjoys a superior Rent-to-Revenue ratio of 2.42x versus industry average of 2.2x.
Strong margin expansion, zero churn, and the massive Ahmedabad contract signal solid execution in the Tier-2 flexible workspace strategy. The company's targeting 30 lakh sq. ft. by FY28 indicates an ambitious growth roadmap that could drive significant revenue growth if the contracted pipeline converts as expected.