Financial Results for Quarter and Financial Year ended March 31, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Dev Accelerator Ltd reported strong financial performance for FY26 with consolidated revenue from operations growing to Rs. 22,592.26 lakhs, up 42% from Rs. 15,887.45 lakhs in FY25. Profit after tax surged to Rs. 884.21 lakhs compared to just Rs. 178.23 lakhs in the previous year, representing nearly 5x growth. The company operates in the co-working spaces segment and completed its IPO in September 2025, raising Rs. 12,738 lakhs. An exceptional item of Rs. 114.57 lakhs was recognized due to ceasing operations at one centre with lease modifications. The Board also approved issuance of Non-Convertible Debentures aggregating up to Rs. 100 crores on private placement basis. Auditors issued an unmodified opinion with no concerns.
The company demonstrated exceptional revenue and profit growth following its IPO, though EBITDA margins remain thin at around 7%. The NCD issuance and high debt levels warrant monitoring for financial risk.