DevX Q2: Profit Zooms To ₹5.5 Cr, Revenue Surges 55% YoY
Listed Indian office space provider DevX announced strong Q2 FY27 results with consolidated net profit reaching ₹5.5 crore, representing 213.5% growth year-over-year. Operating revenue jumped 54.8% to ₹80.2 crore. The company's board approved a proposal to raise ₹300 crore through issuance of non-convertible debentures on a private placement basis, and also approved allotment of 33.3 lakh shares to co-founders and promoters at ₹45 per share for approximately ₹15 crore.
Key points
- Net profit up 213.5% YoY to ₹5.5 Cr in Q2 FY27
- Revenue grew 54.8% to ₹80.2 Cr
- Board approved ₹300 Cr fundraising via private placement NCDs
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