DevX Q2 Net Profit Jumps 213% to ₹5.5 Crore; Revenue Up 55%

4 Nov 2026, 1:36 am · 2h ago · 1 min read · Inc42New

Coworking space provider DevX reported a 213.5% year-on-year surge in consolidated net profit to ₹5.5 crore for the second quarter of FY27, up from ₹1.7 crore in the year-ago period. The company's operating revenue increased 54.8% year-on-year to ₹80.2 crore, compared to ₹51.8 crore in Q2 FY26. Total income stood at ₹82.4 crore despite total expenses rising 43% to ₹75.6 crore. In addition to earnings, DevX's board approved a proposal to raise up to ₹300 crore through non-convertible debentures and allotted shares worth ₹15 crore to its co-founders.