DevX Reports Strong Q2 FY27 Results: Revenue Surges 54.8% to ₹80.2 Cr, PAT Triples
Dev Accelerator Limited (DEVX) reported a 54.8% year-on-year revenue growth to ₹80.2 crore for Q2 FY27. PAT more than tripled to ₹5.5 crore. For H1 FY27, revenue reached ₹134.0 crore and PAT increased to ₹7.0 crore. The company's occupancy rate improved to 91.2%.
The substantial increase in revenue and profit, coupled with positive operational metrics and strategic growth plans, indicates a significant positive impact on the company's financial health and market position.
The company reported strong year-on-year growth in revenue and a significant increase in profit after tax for both the quarter and half-year periods. Occupancy rates also improved, indicating positive business momentum.
Dev Accelerator Limited (DEVX) has announced its financial results for the second quarter (Q2) and first half (H1) of the fiscal year 2027, ending September 30, 2026. The company reported a significant increase in revenue, reaching ₹80.2 crore in Q2 FY27, a 54.8% rise compared to ₹51.8 crore in Q2 FY26. Profit After Tax (PAT) for the quarter more than tripled, growing by 213.5% to ₹5.5 crore from ₹1.8 crore in the same period last year.
For the first half of FY27, revenue stood at ₹134.0 crore, an increase of 24.7% from ₹107.5 crore in H1 FY26. PAT for H1 FY27 rose to ₹7.0 crore, a substantial 268.3% jump from ₹1.9 crore in the corresponding period of the previous fiscal year.
The company's operating portfolio now includes 28 centers across 12 cities, covering 1.16 million sq. ft. Occupancy improved to 91.2% from 88.3% a year ago. The Chairman highlighted the company's vision to build an integrated platform supporting global businesses in India, combining managed offices with design, build, and technology services. The company also raised ₹100 crore through non-convertible debentures to support refinancing and expansion.
DEVX's strategy focuses on enhancing client offerings, expanding into new and existing markets, leveraging the Global Capability Center (GCC) opportunity, and optimizing its expansion and asset strategy. The company has a pipeline of 17 new centers, covering approximately 2.81 million sq. ft., with 95% pre-leased before becoming operational.
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