Transcript of Earnings Conference Call

Dev Accelerator Limited reported FY26 consolidated revenue of INR 226 crores (42% YoY growth) with consolidated EBITDA of INR 109 crores (48.4% margin). Standalone revenue was INR 171 crores with a 60.5% EBITDA margin. Key highlights include the Capital One campus (3.15 lakh sq ft) going live with 95% pre-leased occupancy, generating monthly revenue of INR 2.65-2.75 crores from Q1 FY27. The company signed a landmark 8.1 lakh sq ft development management deal. Client retention stands at 99.7% with 34-month average lock-in. Management guided FY27 revenue of INR 330-350 crores and plans to grow from 1.2 million to 3 million sq ft by FY28 through INR 200-225 crores investment. A preferential issue of INR 35 crores (INR 15 crores from promoters) and subsidiary monetization expected to yield INR 110-120 crores in Q1 FY27 will fund expansion. NCDs of INR 100 crores will be issued at 11-12% interest rate.