DEVX Q2 : CONS NET PROFIT UP 3.1X AT 5.5 CR (YOY), UP 3.7X (QOQ). STRONG (ON 1ST LOOK)

Revenue up 54.8% at 80.2 Cr (YOY), up 49.2% (QOQ); H1 revenue up 24.7% at 134.0 Cr. EBITDA up 54.3% at 40.8 Cr (YOY); margins 50.8% v 51.0% (YOY), 56.3% (QOQ). Cash EBIT more than doubles to 19.1 Cr (YOY), margin 23.8% v 17.5% (YOY). Occupancy at 91.2%; pipeline of 17 new centres (~2.81 mn sq ft) to take platform to 4.16 mn sq ft across 49 centres. H1 PAT up 3.7x at 7.0 Cr; allotted ₹100 Cr secured listed NCDs in August 2026, net debt below equity.

Dev Accelerator Ltd

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