StockWatch
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Diversified Commercial Services
Quarterly Result4 Nov 2026, 05:42 pm

DevX Q2 FY27 Revenue Up 54.8% to ₹80.2 Cr, PAT Triples

AI Summary

Dev Accelerators Limited (DevX) announced its unaudited financial results for Q2 and H1 FY27, reporting its highest ever quarterly performance. Q2 FY27 revenue grew 54.8% year-on-year to ₹80.2 crore, with Profit After Tax (PAT) tripling to ₹5.5 crore. Cash EBIT more than doubled to ₹19.1 crore, achieving a margin of 23.8%. For H1 FY27, revenue increased by 25% to ₹134.0 crore, and PAT rose 3.7 times year-on-year to ₹7.0 crore. The company maintained a high occupancy rate of 91.2%, with a pipeline of 17 new centers expected to expand its platform to 4.16 million sq. ft. DevX raised ₹100 crore through NCDs to fund its expansion.

Key Highlights

  • Q2 FY27 revenue surged 54.8% YoY to ₹80.2 crore.
  • PAT tripled in Q2 FY27 to ₹5.5 crore.
  • H1 FY27 revenue grew 25% to ₹134.0 crore.
  • Occupancy remained strong at 91.2%.
  • Pipeline expansion to 4.16 million sq. ft. is underway.