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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.

Why this was an Alfa AlertManagement explicitly guided ₹225cr revenue for FY26 during pre-IPO roadshows and achieved ₹226cr (on track), but more importantly, provided future growth guidance for FY27 revenue of ₹330-350cr, representing 46-55% YoY growth over FY26.
Highlights
Revenue growth42% YoY growth in FY26; FY27 target ₹330-350cr.
MarginsStandalone EBITDA margins steady at 60.5%; Cash EBIT 21-22% range.
Order bookContracted 15.75 lakh sq ft in Ambli Bopal micro-market recently.
Demand visibility95% occupancy at Capital One pre-launch; 65% revenue from enterprise clients.
Management confidenceHigh; citing first-mover advantage in Tier 2 institutional grade supply.

Growth

FY26 revenue grew 42% YoY to ₹226cr. Standalone EBITDA margin reached 60.5% (₹171cr revenue).

Outlook

Guided FY27 revenue of ₹330-350cr; plan to invest ₹200-225cr to reach 3 million sq ft by FY28.

Risks

Shutting down non-performing Noida asset due to poor maintenance; potential system leakages during rapid leadership scaling.

Source

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

Read the document ↗

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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