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Dev Accelerator
DEVX
NSE
BSE
NSEBSESectorCommercial Services
32.90
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NSEBSEThe Quarter story
The two most recent quarterly results, compared side-by-side.
Strong occupancy and client growth offset declining revenue and compressed EBITDA margins as the company adjusts its portfolio.
Occupancy rises from 85% in Q1 FY26 to 91.9% in Q1 FY27 — stronger space utilization across the portfolio
Consolidated revenue falls from ₹55.63 in Q1 FY26 to ₹42.0 in Q1 FY27 — top-line contraction weighs on overall growth
Client count grows from 307 in Q1 FY26 to 388 in Q1 FY27 — steady acquisition momentum supports future revenue
EBITDA margin drops from 52.3% in Q3 FY26 to 23.6% in Q1 FY27 — profitability compression amid portfolio adjustments
Cash EBIT increases from ₹5.16 in Q4 FY26 to ₹12.9 in Q1 FY27 — improved cash generation despite lower top-line
Gross debt rises from ₹94.41 in Q3 FY26 to ₹135 in Q1 FY27 — higher leverage increases interest obligations
Enterprise client share climbs from 65% in Q3 FY26 to 70% in Q1 FY27 — larger accounts now drive a bigger portion of the business
Client lease periods for small tenants shrink from 42.98 months in Q1 FY26 to 37.73 months in Q3 FY26 — shorter commitments reduce revenue visibility
Rent to revenue ratio improves from 2.62x in Q3 FY26 to 2.36x in Q1 FY27 — better cost leverage on leased spaces
Finance costs increase from ₹2.49 in Q3 FY26 to ₹5.8 in Q1 FY27 — rising debt servicing costs pressure operating cash flow