DevX Q3 FY26 earnings: revenue up 60% YoY, signs India's largest managed office deal
DEVX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 2.9 pts less 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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DevX reported Q3 FY26 standalone revenue up 60.2% YoY at 43.5 cr and 9M FY26 up 49.6% at 124 cr. Standalone EBITDA margin expanded to 61.1% in 9M from 57.5%, though Q3 margin dipped to 52.3% from 57.6%. Cash EBIT jumped 544% in 9M. Consolidated 9M revenue grew 53% to 166.7 cr. Company signed India's largest single managed office deal of 8 lakh sq ft in Ahmedabad, involving 100 cr investment over 4 years and projected 120 cr annual revenue. Revised release filed with exchanges.
Strong 9M growth and landmark 100 cr deal boost future revenue visibility, though Q3 standalone EBITDA margin dip from 57.6% to 52.3% needs watching.