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Earnings Call

Dev Accelerator Earnings Call: Key Takeaways

Dev Accelerator Ltd (DEVX) reported strong FY26 performance with consolidated revenue of ₹226 Cr (+42.2% YoY) and EBITDA of ₹109 Cr, driven by its focus on Tier-2 cities and enterprise-led demand.

Highlights
Revenue growth42% YoY consolidated revenue growth in FY26.
MarginsStandalone EBITDA margin expanded to 60.5% in FY26.
Order bookSigned pipeline of 2.26 Mn sq. ft. and 31,737 seats.
Demand visibilityHigh; 90.3% occupancy and 65% revenue from enterprise clients.
Management confidenceConfident in long-term value via Tier-2 migration of GCCs.

Growth

FY26 standalone revenue grew 34.3% YoY to ₹171 Cr; PBT surged 922% to ₹10 Cr.

Outlook

Targeting 30 Lakh sq. ft. capacity by FY28; replicating Ambli-Bopal playbook across additional Tier-2 micro-markets.

Risks

Industry competition in Tier-1 hubs and potential shifts in flexible office adoption rates.

Source

Earnings Call filed with BSE, NSE: DEVX. Summary written with AI assistance from the document.

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Dev Accelerator Ltd: key numbers

Share price
₹35.97
Market cap
₹340.4 Cr
Revenue (annual)
₹225.9 Cr
Net profit (annual)
₹8.80 Cr
P/E (TTM)
33.5×Sector 37.2×
Promoter holding
35.09%-1.72% QoQ
FII holding
1.36%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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19:07 IST BSE
Debt & Borrowing

Dev Accelerator Debt & Borrowing: ₹0.97 Cr

Dev Accelerator Ltd paid Rs.0.97 Crore as interest on its non-convertible debentures, with the payment executed on September 25, 2026.

Value
₹0.97 Cr
17:53 IST BSE
Annual General Meeting

Dev Accelerator Annual General Meeting

Dev Accelerator Limited concluded its 6th Annual General Meeting on September 25, 2026. Shareholders approved all proposed resolutions, including financial statements and various ESOP plan modifications.

10:22 IST BSE
Share Pledge

Dev Accelerator Share Pledge

Dev Accelerator promoters pledged their equity shares to secure a Rs.100 Crore NCD issue. The revised Reg 31 disclosure details the encumbrance favouring the Debenture Trustee.

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₹100.0 Cr
18:22 IST BSE
Earnings Call

Dev Accelerator Earnings Call: Key Takeaways

Dev Accelerator Limited achieved FY26 consolidated revenue of ₹226cr and 48.4% EBITDA margin, transitioning toward an institutional infrastructure platform for GCC migration in Tier 2 cities.