DevX Q2: Profit Declines 71% YoY To INR 1.8 Cr

Listed coworking space provider DevX posted a net profit of INR 1.8 Cr in Q2 FY26, a sharp decline of over 71% from INR 6.2 Cr PAT reported in the previous year-quarter. On a sequential basis, profit jumped multifold from INR 14 Lakh in the previous quarter.

Operating revenue for the September quarter surged 50% toINR 51.8 Cr from INR 34.5 Cr in the year-ago quarter. However, the company’s top line dipped nearly 7% on a sequential basis from INR 55.6 Cr.

Including an other income of INR 2.7 Cr, the company’s total income for the quarter stood at INR 54.5 Cr. Meanwhile, total expenses for the quarter came in at INR 52.8 Cr, increasing about 26% YoY from INR 42.1 Cr.

(The story will be updated soon)

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