Dev Accelerator Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Dev Accelerator Limited reported strong consolidated FY2026 results with revenue growing 42% to Rs. 22,592 lakhs from Rs. 15,887 lakhs in FY2025. Profit after tax surged nearly 5x to Rs. 884 lakhs from Rs. 178 lakhs, while EPS improved to Rs. 1.11 from Rs. 0.27. The company completed its IPO in September 2025 raising Rs. 12,738 lakhs, with Rs. 3,476 lakhs still unutilized for capex. The Board also approved issuance of Non-Convertible Debentures (NCDs) up to Rs. 100 crores on private placement basis. Auditors issued an unmodified (clean) opinion on the financial statements. The company operates in co-working spaces and reported exceptional items of Rs. 114.57 lakhs related to lease termination at one centre.
The company showed strong top-line and bottom-line growth post-IPO, which is positive for shareholders. However, the Rs. 100 crore NCD issuance will increase debt obligations. Cash position improved with cash and equivalents at Rs. 2,107.58 lakhs at year-end.