Dev Accelerator / Q3-FY26

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Positive2026-01-28Back to DEVX

Revenue

₹59.2 Cr

verified against source

Revenue YoY

19%

reported change

EBITDA

Pending

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PAT (₹ Cr)PositiveWatchNegative
1 actual records
Actual quarterly PAT (₹ Cr) trajectoryReported values plotted by quarter. Hover or focus a point for its quarter, value, and source sentiment.Q3 FY26: -1 · Positive source sentiment · 2026-01-28Q3 FY26-1-1
Values are taken from the available verified source records; sentiment color is a separate source-read indicator.

Quarter read

What the record says.

Dev Accelerator reported Q3 FY26 revenue of 59.2 crore, up 19% YoY, while 9M revenue reached 166.7 crore (+53% YoY). The company signed a landmark 8-lakh sq ft development management deal in Ahmedabad, expected to generate 120 crore annual revenue. Occupancy remains strong at 88.4%, with 95% pre-leasing on a new 3.15-lakh sq ft center. Management guided for 350 crore revenue in FY27, driven by managed offices, design & build, and tech solutions. Key risk: execution of the large development management pipeline and potential slowdown in GCC demand.

Colored figures show movement against the previous available record.

Guidance to track

  • Management expects to achieve 350 crore revenue in FY27, driven by managed office space, design & build, and tech solutions.
  • The development management deal in Ahmedabad will start generating 120 crore revenue annually at 85% occupancy.
  • The center will be operational by end-February 2026, with 95% pre-leasing and positive margins from day one.

Risks flagged

  • The 8-lakh sq ft deal and similar future projects require successful partnership with landowners and timely delivery.
  • 75% of revenue comes from tier-2 cities; any economic slowdown or policy change could impact demand.
  • Other expenses increased over 100% in Q3 due to one-time IPO-related costs, but may recur if not managed.

Key quotes

  • We are India's leading managed office space platform in tier 2 cities. We have built a deep moat in landlord relationship and client stickiness.
  • The landmark deal of 8 lakh square ft is not just a transaction for us but it is a playbook or a template which we'll be replicating in other traditional real estate markets.
  • Today I can proudly say that I'm the largest operator in Ahmedabad, the largest operator in Vadodara, the largest operator in Jaipur.

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