Earnings Release
DEVX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Dev Accelerator Limited reported strong full-year FY26 results with standalone revenue from operations growing 34.3% YoY to ₹170.91 crore, up from ₹127.26 crore in FY25. Standalone EBITDA margin expanded to 60.5% from 59.8%, while Cash EBIT more than doubled, up 111% YoY to ₹36.55 crore. Normalised PBT stood at ₹20.24 crore, up 44% YoY, marking the second consecutive year of positive PBT. On a consolidated basis, revenue reached ₹226 crore (42.2% YoY growth) with EBITDA margin of 48.4%. The company signed 8.1 lakh sq. ft. under a Development Management contract (potential peak annual revenue of ~₹120 crore) and 4.5 lakh sq. ft. under a Straight Lease model. Capital One (3.15 lakh sq. ft., ~4,000 seats) became operational with 95% pre-leasing. The company targets doubling operational capacity to ~30 lakh sq. ft. by FY28.
The company delivered robust growth across revenue, EBITDA, and profitability metrics with margin expansion on both standalone and consolidated bases. Strong contract wins and a clear capacity expansion roadmap (targeting ~30 lakh sq. ft. by FY28) should be viewed positively by investors, though Q4 sequential performance was softer with Q4 revenue up only 5.74% YoY.