Slide 1: Cover letter to stock exchanges
Date: October 07, 2025 To, To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C/1, G Block, Dalal Street Bandra Kurla Complex, Bandra (East) Mumbai 400 001 Mumbai 400 051 Script Code: 544513 Trading Symbol: DEVX Dear Sir/ Madam, Sub: Investor P
Slide 2: Investor Presentation Q1 FY26
Presentation Investor Presentation Q1 FY26 Q1 FY26
Slide 3: Financial Highlights - Q1 FY26
Financial Highlights- Q1 FY26
Slide 4: About DevX
About DevX ₹ One of the largest flex operators in terms of operational flex stock in Tier 2 Financial overview markets 180.00 70.00% 59.91% 158.75 160.00 60.00% 140.00 42.64% 47.45% 50.00% Comprehensive office space solutions Services from sourcing office spaces, 120.00 44.98% 108.07 customizing des
Slide 5: Financial Metrics
Financial Metrics ₹55.63 Crores ₹26.39 Crores ₹0.95 Crores Revenue EBITDA PBT 123.30% 88.36% 116.72% Vs ₹ 24.91 Cr in Q1 FY25 Vs ₹ 14.01 Cr in Q1 FY25 Vs (5.66) Cr in Q1 FY25 Cash EBIT EBITDA Margin PBT Margin 18.05% 47.45 % 1.70% 10.04Cr Cash EBIT in Q1 FY26 Vs 56.25% in Q1 FY25 Vs (22.73)% in Q1 F
Slide 6: Margins over Last Quarters
Margins over Last Quarters ₹ Revenue EBITDA PAT 65.40 EBITDA Margin % PBT Margin % PAT Margin % 55.63 56.25% 47.99% 47.45% 134% 123.3% 31.39 6.74% 0.53% 24.9 26.39 3.88% 1.70% 88.36% 14.01 Q1 FY25 Q4 FY25 Q1 FY26 102.34% -22.73% 2.11 0.14 Q1 FY25 Q4 FY25 Q1 FY26 -42.62% (5.97) 4 DevX Group | Q1 FY26
Slide 7: Cash EBIT
Cash EBIT ₹ PARTICULARS Q1 FY25 Q4 FY25 Q1 FY26 Cash EBIT % Revenue from operations 24.91 65.40 55.63 24.4% Less : Purchases of traded goods 4.18 25.93 16.8 18.05% Less : Employee benefits expense 2.45 4.61 4.64 Less : Other expenses 4.27 3.48 7.79 Expenses 10.90 34.02 29.23 Less : Payment of lease
Slide 8: Operational Highlights - Q1 FY26
Operational Highlights- Q1 FY26
Slide 9: Our Presence with High Occupancy
Our Presence with High Occupancy ₹ Present across 11 cities, with an average overall occupancy levels of 85%+ in all fiscals Tier & City wise % of Total Revenue – Q1 FY26 Our Presence Location % of Revenue Revenue Total Tier 1 28.62% 11.20 Pune, Maharashtra 8.75% 3.43 Hyderabad, Telangana 7.24% 2.83
Slide 10: Our Clientele
Our Clientele Serving 307 clients*, including domestic corporations and MNCs Top 4 clients Total Industries Catered Top 10 clients Revenue contribution Q1 FY26 ǪX Global Services Information technology Private Limited Information technology enabled Paperchase services 44.39% Accountancy India Pvt Me
Slide 11: Operational Metrics
Operational Metrics 0.86 Mn Sq.ft. 28 AUM Centers 11 Cities 7% 12% Vs 0.81 in Q1 FY25 Vs 25 centers Q1 FY25 Occupancy 14.14 K+ 12.53 K+ Total Seats 9% 88.6% Occupied Seats Vs 12.9k in Q1 FY25 10 DevX Group | Q1 FY26 10
Slide 12: Improving Overall Occupancy
Improving Overall Occupancy Total Seats Occupied Seats Occupancy % 14,144 13,759 12,961 12,534 12,054 307 10,547 Clients 81.43% Sourced Directly 87.61% 81.37% 88.62% (4.55)% *Net Churn Rate Managed Space Q1 FY25 Q4 FY25 Q1 FY26 Net churn rate – Total clients left subtracted by total new clients adde
Slide 13: Seats wise Occupancy & Total Lease period
Seats wise Occupancy & Total Lease period Total Lease vs Client Lock-in 80.00 80.00% 74.94 2.30% 70.74% 65.11 70.00 70.00% 15.33% 59.09% 60.00 60.00% 57.57% 50.00 50.00% 43.14 42.98 40.00 38.47 40.00% 30.41 30.00 30.00% 82.38% 20.00 20.00% 10.00 10.00% 0 to 100 Seats 100-300 Seats 300+ Seats 0.00 0.
Slide 14: Annexure
Annexure
Slide 15: Consolidated Income Statement
Consolidated Income Statement ₹ ` Particulars Q1 FY25 Q4 FY25 Q1 FY26 Revenue from operations 24.91 65.40 55.63 Other income 0.15 2.94 1.31 Total Income 25.06 68.35 56.94 Operational expenses 8.45 29.41 24.60 Employee benefit expenses 2.45 4.61 4.644 Finance costs 8.75 15.18 12.26 Depreciation and a
Slide 16: Key Operating KPIs
Key Operating KPIs Particulars Q1 FY25 Q4 FY25 Q1 FY26 AUM in SBA (Mn Sq.ft.) 0.81 0.84 0.86 Number of Cities by AUM 11 11 11 Number of Centers by AUM 25 26 28 Active stock (Mn Sq.ft.) 0.81 0.84 0.86 Number of seats (under active stock) 12,961 13,759 14,144 Centres (under active stock) 25 26 28 Citi
Slide 17: Thank You
Presentation Thank You Q1 FY26