DevX Q1 FY27 Revenue ₹53.8 Cr, EBITDA ₹30.3 Cr

Dev Accelerator Ltd (DevX) announced its unaudited consolidated financial results for Q1 FY27, reporting Revenue from Operations of ₹53.8 Cr, a slight decrease from ₹55.6 Cr in Q1 FY26. However, EBITDA saw a significant year-on-year growth of 14.7% to ₹30.3 Cr, with margins improving to 56.3%. Profit After Tax (PAT) stood at ₹1.5 Cr. The company highlighted a 31.4% YoY growth in total managed office space to 1.13 Mn sq. ft., with an occupancy rate of 91.9%. DevX also raised ₹100 Cr through non-convertible debt and is focused on expanding its presence and leveraging technology initiatives. The company plans to add 2.31 Mn sq ft in the pipeline, aiming for 3.63 Mn sq ft by FY29.