| Scrip Code | 544513 |
|---|---|
| NSE Symbol | DEVX |
| MSEI Symbol | NOTLISTED |
| ISIN | INE0VOV01021 |
| Name of company | DEV ACCELERATOR LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 31-01-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 20-01-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Single segment |
| Description of single segment | Developing and licensing fully serviced office spaces, IT/ITES services and payroll management services, design and fitout services and related ancillary services |
| Start date and time of board meeting | 31-01-2026 11:40:00 |
| End date and time of board meeting | 31-01-2026 12:40:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 5,919.80 | 16,666.30 | |
| Other income | 151.95 | 547.93 | |
| Total income | 6,071.75 | 17,214.23 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 1,856.59 | 4,745.11 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 |
| (d) | Employee benefit expense | 516.87 | 1,495.49 |
| (e) | Finance costs | 924.76 | 3,415.17 |
| (f) | Depreciation, depletion and amortisation expense | 1,493.98 | 4,424.26 |
| (f) | Other Expenses | ||
| 1 | other expenses | 1,151.85 | 2,749.16 |
| Total other expenses | 1,151.85 | 2,749.16 | |
| Total expenses | 5,944.05 | 16,829.19 | |
| 3 | Total profit before exceptional items and tax | 127.70 | 385.04 |
| 4 | Exceptional items | 132.66 | 132.66 |
| 5 | Total profit before tax | 260.36 | 517.70 |
| 6 | Tax expense | ||
| 7 | Current tax | 48.23 | 84.44 |
| 8 | Deferred tax | 310.19 | 349.12 |
| 9 | Total tax expenses | 358.42 | 433.56 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | (98.06) | 84.14 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | (3.22) | 3.87 |
| 16 | Total profit (loss) for period | (101.28) | 88.01 |
| 17 | Other comprehensive income net of taxes | (12.63) | 4.69 |
| 18 | Total Comprehensive Income for the period | (113.91) | 92.70 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | (99.30) | 90.50 | |
| Total profit or loss, attributable to non-controlling interests | (1.98) | (2.49) | |
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | (111.94) | 95.20 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | (1.98) | (2.49) | |
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 1,803.75 | 1,803.75 | |
| Face value of equity share capital | 2 | 2 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | -0.15 | 0.13 | |
| Diluted earnings (loss) per share from continuing operations | -0.15 | 0.13 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | -0.15 | 0.13 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | -0.15 | 0.13 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | Notes: 1 The above consolidated unaudited financial results have been reviewed by the Audit Committee and thereafter approved by the Board of Directors of the Company in their respective meeting held on January 31, 2026. The limited review as required under Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 has been completed by the statutory auditors of the company. 2 The unaudited consolidated financial statement includes financial results of the following entities: Sr. No. Type of Holding Name 1 Subsidiary Neddle and Thread Designs LLP 2 Subsidiary Company Saasjoy Solutions Private Limited 3 Associate Company Janak Urja Private Limited 4 Associate Finclave Accel LLP 5 Associate Swadesh Venture Fund LLP 6 Associate Fractoprop LLP (ceased w.e.f. May 05, 2025) 7 Associate Company Scaleax Advisory Private Limited 8 Associate Company Eezily Networks Private Limited 3 The unaudited consolidated financial results for the quarter and nine months ended December 31, 2025 are prepared in accordance with principles and procedures as set out in the Ind AS 110 Consolidated Financial Statements prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder. 4 The company operates in a single segment and in line with Ind AS - 108 - “Operating Segments”, the operation of the group fall under “Renting and provision of Co-working spaces” business which is considered to be the only reportable business segment. 5 The Statement includes the results for the quarter ended December 31, 2024 are balancing amounts between the unaudited consolidated financial statements for the nine months ended December 31, 2024 and the special purpose audited consolidated financial statements for the six months ended September 30, 2024. The Unaudited Consolidated Financial Results for the quarter ended December 31, 2024 have not been subjected to limited review or audit. 6 The Government of India has notified the implementation of four new Labour Codes by consolidating and rationalizing 29 existing labour laws. These Codes have been made effective from November 21, 2025. The corresponding all supporting rules under these codes are yet to be notified. On preliminary review of above code it is found that there will be no material impact on financials. The detailed exercise is yet to be over, the impact of the same if any, will be accounted for in the next quarter after finalisation of Central/ State Rules and clarifications from the Government on all the aspects of the Codes. 7 During the quarter ended December 31, 2025, the holding company ceased operations at one of its centres’. The holding company has accounted for gains and losses on account of lease termination through the consolidated profit and loss account. The same has been disclosed as exceptional items in the results. The Company has considered such income as exceptional item and disclosed separately in the consolidated statements of profit and loss. 8 The Company has completed the Initial Public Offer ('IPO') of 2,35,00,000 equity shares of face value of Rs.2 each at an issue price of Rs.61 per equity share (including share premium of Rs. 59 per equity share), The equity shares of the Company were listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on September 17, 2025. The utilisation of IPO proceeds from fresh issue of Rs. 12,738.00 lakhs (net off Issue expenses of Rs. 1597.00 lakhs in relation to fresh issue of shares) is summarised below: (Rs. in lakhs) Particulars Amount to be utilised as per prospectus Amount utilised upto December 31, 2025 Amount unutilised as at December 31, 2025 Capex for fitout in proposed centres 7,312.00 3,318.00 3,994.00 Repayment / Prepayment of certain borrowings 3,500.00 3,500.00 - General Corporate Purposes 1,926.00 1,926.00 - TOTAL 12,738.00 8,744.00 3994.00* * The IPO proceeds which were unutilised as on December 31, 2025 are parked in Public Monitoring account, Public issue account, current account and fixed deposit from monitoring account 9 The figures of previous quarters / year are reclassified, regrouped and rearranged wherever necessary so as to make them comparable with current period's figures. |
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| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Consolidated | Consolidated | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Itme that will not be reclassified to profit or loss | (16.88) | 6.27 |
| Total Amount of items that will not be reclassified to profit and loss | (16.88) | 6.27 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | (4.25) | 1.58 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | ||
| 5 | Total Other comprehensive income | (12.63) | 4.69 |