Dev Accelerator Ltd

🚀 Dev Accelerator Ltd Reports Strong Growth & Expansion Plans

• Q3 FY26 revenue: ₹59.2 Cr, up 19% YoY

• 9M FY26 revenue: ₹166.7 Cr, up 53% YoY

• 9M FY26 EBITDA: ₹77.6 Cr with 46.1% margin

• PBT grew 173% to ₹5.2 Cr

• Design & build subsidiary revenue: ₹38.8 Cr for 9M FY26 with 16.8% EBITDA margin

• New centers in Ahmedabad (3.15L sq ft) and Pune expected operational in Q4 FY26

• Landmark Ahmedabad deal: 8.15L sq ft space, expected ₹120 Cr revenue over 4 years

• FY27 revenue guidance: ₹350 Cr

• Targeting 70-30 revenue split between Tier 2 and Tier 1 cities

• Operates 28 centers across 12 cities, 9L sq ft with 13,500 seats at 88% occupancy

• 75% revenue from Tier 2 cities with 2.62x rent-to-revenue ratio

• 98% client retention rate, -0.6% net churn

• Top 10 clients contribute 40% of revenue

• GCCs drive 60-65% of flexible office space demand in India