{
  "id": 18017255,
  "title": "DevX Q2: Profit Zooms To ₹5.5 Cr, Revenue Surges 55% YoY",
  "url": "https://urgent.news/2026/11/03/devx-q2-profit-zooms-to-5-5-cr-revenue-surges-55-yoy",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T20:06:47.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/devx-q2-profit-zooms-to-%e2%82%b95-5-cr-revenue-surges-55-yoy/"
  },
  "original_language": "en",
  "account": "In the second quarter of fiscal year 2026-27, office space provider DevX reported a significant increase in both its net profit and revenue. The company's consolidated net profit surged 213.5% to ₹5.5 Cr, marking a substantial rise from ₹1.7 Cr in the same quarter of the previous year. Moreover, sequential profit growth stood at an impressive 265.4%, reaching ₹1.5 Cr in Q1 FY27 from ₹1.5 Cr in Q2 FY26.\n\nOperating revenue also experienced a notable surge, jumping 54.8% to ₹80.2 Cr in Q2 FY27 compared to ₹51.8 Cr in Q2 FY26. On a quarter-on-quarter basis, the top line grew nearly 50%, reaching ₹53.8 Cr in Q1 FY27 from ₹53.8 Cr in Q2 FY26. Including other income of ₹2.2 Cr, DevX's total income amounted to ₹82.4 Cr for the quarter.\n\nHowever, expenses continued to rise, increasing nearly 43% to ₹75.6 Cr in Q2 FY27, compared to ₹52.8 Cr in Q2 FY26. Additionally, the company reported a loss of ₹55.4 Lakh from an associate and incurred tax expenses of ₹82.7 Lakh.\n\nDevX's board also approved a proposal to raise ₹300 Cr through the issuance of non-convertible debentures (NCDs) to eligible investors on a private placement basis. This funding move, along with the allotment of 33.3 Lakh shares to cofounders and promoters, aimed to bolster the company's financial position.",
  "summary": "Office space provider DevX’s consolidated net profit zoomed 213.5% to ₹5.5 Cr in the second quarter (Q2) of fiscal year…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}