Dev Accelerator Q2 FY27 Revenue Surges 54.8% to ₹80.2 Cr, PAT Triples to ₹5.5 Cr
Dev Accelerator Limited reported its Q2 FY27 results, achieving a record quarterly revenue of ₹80.2 Cr, a 54.8% year-on-year increase. Profit after tax tripled to ₹5.5 Cr. The company's operational portfolio expanded to 1.16 million sq ft, with enterprise clients forming 75% of revenue. A new Ahmedabad project involves a ₹100 Cr investment for an 8.6 lakh sq ft asset.
The announcement details significant financial growth, strategic expansion plans, and new investments, which are material factors likely to influence investor perception and the company's stock performance.
The company reported record quarterly revenue, a significant year-on-year increase in revenue and profit, and expansion in operational capacity and client base. Positive future outlook and strategic investments also contribute to the positive sentiment.
Dev Accelerator Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company achieved its highest ever quarterly revenue of ₹80.2 crores, marking a substantial increase of 54.8% compared to the previous corresponding quarter. Profit after tax tripled to ₹5.5 crores.
The conference call, held on November 04, 2026, provided insights into the company's performance and future strategies. Managing Director Umesh Uttamchandani highlighted the significant growth in revenue and profitability, attributing it to increased capacity utilization and client uptake of services. The company's consolidated revenue from operations for Q2 FY27 stood at ₹80.2 crores, up from ₹51.8 crores in Q2 FY26, and increased by 49.2% sequentially. Standalone revenue grew by 51.7% year-on-year to ₹63 crores.
For the first half of FY27, consolidated revenue reached ₹134 crores, a 24.7% growth, while standalone revenue increased by 30.5% to ₹105 crores. Profitability also saw a marked improvement, with consolidated EBITDA rising by 54.3% to ₹40.8 crores (50.8% margin) and consolidated profit after tax reaching ₹5.5 crores. The company emphasized operating leverage, with overheads not increasing at the same pace as revenues. Consolidated cash EBIT more than doubled to ₹19.1 crores, with margins improving to 23.8%.
The operational portfolio expanded to approximately 1.16 million square feet, with 17,400 operational seats across 28 centers. Enterprise clients now account for 75% of revenue, up from 65% last year. The company is also focusing on a development management model, particularly in Tier 2 cities, to provide Grade A office spaces. A significant development is the Ahmedabad project, a 8.6 lakh square feet managed office space asset, with an investment of approximately ₹100 crores, expected to generate ₹120 crores in revenue.
Dev Accelerator is positioning itself as a full-spectrum infrastructure solution provider, integrating services like design, interiors, recruitment, payroll, and facility management through its subsidiaries, Neddle and Thread, and SaaSJoy Solutions. The company raised ₹100 crores through secured, rated, and listed non-convertible debentures in August 2026 for refinancing and expansion. The priority for the second half of FY27 is cash conversion, aligning expenditure with delivery, and deepening enterprise relationships.
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Dev Accelerator Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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