DevX Revenue Rises 54.8% to Rs 80.2 Crore in Record Q2 FY27
Mumbai, November 4, 2026: Flexible workspace operator DevX announced its highest-ever quarterly performance for the second quarter of the financial year 2026–27, recording a 54.8 percent year-on-year growth in revenue to Rs 80.2 crore, according to a press release issued by the company.
During the same quarter, the company’s profit after tax more than tripled year-on-year to reach Rs 5.5 crore. Cash earnings before interest and taxes more than doubled year-on-year to Rs 19.1 crore, yielding a cash EBIT margin of 23.8 percent. The overall DevX workspace platform registered an occupancy level of 91.2 percent across its operational portfolio.
For the first half of the financial year (H1 FY27), the company reported total revenue of Rs 134 crore, reflecting a 24.7 percent increase compared to the corresponding period of the previous fiscal year. Net profit after tax for the six-month period reached Rs 7 crore, representing a 3.7-fold growth over the previous year.
Looking ahead, DevX has outlined an active expansion pipeline comprising 17 new centers across approximately 2.81 million square feet. Upon completion of these developments, the total workspace footprint of the platform is projected to expand to 4.16 million square feet spread across 49 centers.
