DEV ACCELERATOR LIMITED Q2 & H1FY26 Earnings
Ahmedabad,13th November: Dev Accelerator Limited an enterprise focused managed office space provider with a strong Tier-2 footprint, today announced its unaudited financial results for the quarter and half-year ended September 30, 2025
Key Consolidated Financial Highlights (Rs. Cr.)
| Particulars | Q2FY26 | Q2FY25 | YoY % | H1FY26 | H1FY25 | YoY% |
| Revenue from Operations | 51.84 | 34.47 | 50.4% | 107.47 | 59.38 | 80.9% |
| EBITDA* | 26.43 | 18.19 | 45.3% | 52.82 | 32.21 | 64.0% |
| EBITDA Margin | 50.9% | 52.8% | 49.2% | 54.2% | ||
| Cash EBIT | 9.77 | 3.75 | 160.2% | 19.81 | 3.32 | 531.9% |
| Cash EBIT Margin | 18.8% | 10.9% | 18.4% | 5.6% | ||
| PBT* | 1.70 | 6.64 | (74.4%) | 2.64 | 1.10 | 140.1% |
*EBITDA Excluding other income
Performance Overview and Key Business Updates :
- Revenue from Operations for the period Q2FY26 stood at Rs. 51.84 crores showcasing a 50.4% growth on a YoY basis, and Rs. 107.47 crores in the H1FY26 period showcasing a 80.9% growth on a YoY basis.
- EBITDA Margins % for the period Q2FY26 & H1FY26 stood at 50.9% & 49.2%.
- PBT grew by 140.1% in the H1FY26 period and de-growth of 74.4% in the Q2FY26 period.
- The growth was mainly on account of new centres and incremental seating across locations has expanded the revenue while centres launched in earlier quarters reached maturity, delivering full-period revenue recognition and higher utilisation. This combination drove YoY topline growth and improved operating leverage as fixed costs were absorbed over a larger seat base and has contributed to margin stability.
- A sharper mix of enterprise clients and premium add-ons (managed IT, dedicated bays, meeting suites) raised realization per seat. With healthy occupancy, revenue per sq. ft. increased and EBITDA margins strengthened even as fit-outs ramped.
- India’s single largest Managed Office Space Campus in Tier II cities, launched by DevX in Ahmedabad, achieves 95% occupancy level even before being operational. This single centre of 3.15 lakhs Sq. ft. would increase monthly revenue by INR 2.50 crores and seats by 3990, further giving a boost to margins and ROCE. This is primarily because of our strong supply strategy and onboarding larger assets with longer rent free period.
- This also showcases a strong rising story of BHARAT and a rising adoption of flex workspaces by Mid to Large sized Enterprise Clients and GCCs in Tier II cities.
- We have utilized the IPO proceeds for refinancing and repayment of existing borrowings, leading to a reduction of ₹87.67 crore in long-term debt from ₹98.94 crore in FY25 to ₹11.27 crore in H1 FY26 which has lowered the overall cost of borrowings.
(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)
(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)
