Dev Accelerator Limited — Investor Meet, 26-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Dev Accelerator Limited conducted an earnings conference call to discuss the financial results for the quarter and full year ended March 31, 2026.

**Financial Performance & Outlook:**

Full year FY26 consolidated revenue reached INR226 Cr, a 42% YoY increase. Consolidated EBITDA was INR109 Cr with a margin of 48.4%. Standalone revenue grew 34% YoY to INR171 Cr with an improved EBITDA margin of 60.5%. Management highlighted strong unit economics and plans to invest INR200-225 Cr over the next two years to expand operational area to 3 million sq ft by FY28.

**Operational Highlights & Strategy:**

The company is focused on Tier 2 cities, leveraging a development management model with landowners. Key strategies include creating institutional-grade supply, strengthening presence in micro-markets, and expanding partnerships. Enterprise clients form 65% of revenue with a high 99.7% retention rate and an average lock-in of 34 months. The company is also focusing on becoming AI-native to enhance productivity and efficiency.

**Investor Sentiment:**

Management expressed strong conviction in their strategy and business model, aiming to capitalize on the growing demand for flexible workspaces, particularly from GCCs and enterprises migrating to Tier 2 cities. The outlook appears positive, with a focus on scaling operations, strengthening the balance sheet, and enhancing shareholder value.