Investor Presentation
DEVX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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. PBT surged 922% to ₹10.2 crore, marking the second consecutive year of profitability. The company operates 28 centers across 12 cities with 0.83 million sq. ft. AUM and 90.31% occupancy. Key highlights include zero net churn rate, 99.7% seat retention, and 65% revenue from enterprise clients. The company signed India's largest single managed office contract - 8 lakh sq. ft. in Ahmedabad with ₹120 crore projected annual revenue. Management targets expanding operational capacity to 30 lakh sq. ft. by FY28 by replicating the Ambli-Bopal model across Tier-2 cities.
Strong operational metrics with expanding margins and zero churn indicate business durability. The FY28 expansion target of 30 lakh sq. ft. provides clear multi-year growth visibility, while the asset-light Development Management model offers capital-efficient scaling.