Slide 1: Stock exchange disclosure letter – Investor Presentation
August 13, 2026 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: Disclosure under
Slide 2: Q1 FY27 Earnings Presentation
(BSE: 544513 | NSE: DEVX) Q1 FY27 Earnings Presentation August 2026
Slide 3: DevX: Business Overview
DevX: Business Overview Our Platform Connects Landlords, Clients and Vendor Partners – Creating a Powerful Network Effect for All 12 8 Who We Partner With Udaipur Noida 1.13 Mn Sq. ft. SBA Non-institutional Landlords Vendor Partners 2 7 27 Gandhinagar Jaipur One stop solution with Access to assured
Slide 4: Consolidated Financial Metrics (IND AS)
Consolidated Financial Metrics (IND AS) Rs Cr Revenue EBITDA and Margin % 47.4% 54.9% 56.3% (3.3)% +14.7% 59.3 32.5 30.3 55.6 26.4 53.8 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 EBIT and Margin % PBT and Margin % 23.2% 34.7% 27.4% 1.7% 16.6% 2.8% +17.9% +66.5% 22.0 10.5 15.6 13.2 0.9 1.6 Q1 FY
Slide 5: Consolidated Financial Metrics (IGAAP)
Consolidated Financial Metrics (IGAAP) Rs Cr Revenue EBITDA and Margin % 18.1% 25.2% 23.2% (3.3)% +24.0% 59.3 55.6 14.9 12.5 53.8 10.0 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 EBIT and Margin % PBT and Margin % 16.4% 26.5% 22.7% 7.6% 19.1% 12.5% +37.9% +64.9% 16.8 12.1 12.9 9.3 7.1 4.3 Q1 FY2
Slide 6: Chairman’s Message
Chairman’s Message Dev Accelerator delivered a steady performance during the quarter, supported by continued demand for managed office spaces from enterprise clients in our core markets. The Company reported Revenue from Operations of Rs. 53.8 Cr crore compared to Rs. 55.6 crore in Q1 FY26. EBITDA w
Slide 7: Operating KPIs
Operating KPIs Operating KPIs Units Q1 FY27 Q1 FY26 Q4FY26 Total Super Built up Area (SBA) Mn Sq. ft. 1.13 0.86 0.89 Mature Centers1 SBA Mn Sq. ft. 0.79 0.58 0.58 Cities No. 12 11 12 Managed Office Centers No. 27 28 28 Operational Seats No. 17,294 14,144 13,304 Occupied Seats No. 15,899 12,534 12,01
Slide 8: Consolidated Capital Structure
Consolidated Capital Structure (Rs Cr) FY25 FY26 Q1 FY27 Gross Debt / Equity (x) 2.39 Long Term Debt 99 81 88 0.78 0.66 Short Term Debt 32 64 46 FY 25 FY26 Q1 FY27 Gross Debt 131 145 135 Net Debt / Equity (x) 2.32 Less: Cash and Cash Equivalents 3 55 54 0.48 0.40 Net Debt / (Cash) 127 89 81 FY 25 FY
Slide 9: Q1 FY27 Revenue Contribution
Q1 FY27 Revenue Contribution By Segment By State By Tier 2% 2% 2% 3% 6% 7% 6% 26% 8% Q1 FY27 Q1 FY27 Q1 FY27 18% Rs. 53.8 Cr 15% Rs. 53.8 Cr Rs. 53.8 Cr 66% 66% 74% Managed Space Services Gujarat Designing & Execution Maharashtra Co-Working Space Telangana Tier 1 Tier 2 IT/ ITES Services Rajasthan P
Slide 10: Core Workspace Customer Profiles
Q1 FY27 Core Workspace Customer Profiles By Industry By Geography By Usage 10% 2% 2% 1% 6% 7% By No. of Customers 26% 11% 14% 388 388 388 44% Customers Customers Customers 74% 77% 26% IT and ITES Consulting Services Gujarat Maharashtra Real Estate Manufacturing Rajasthan Uttar Pradesh Co-working Spa
Slide 11: Single Delivery Platform for GCC (1/2)
Single Delivery Platform for GCC (1/2) Managed Office Space + Design & Build (18%) Development Management (80%) End to End Interior Fit-Out Solutions Managed Office Solutions for Enterprises, GCCs & MNCs Services Offered: Format Options: Design and build solutions Including: • Private Managed Office
Slide 12: Single Delivery Platform for GCC (2/2)
Single Delivery Platform for GCC (2/2) Managed Office Solutions = Managed Space + Co-working Space Rs. 170.91 Cr 61.5% 3.5 Years 388 FY26 Revenue FY26 EBITDA Margin Avg. Lease Clients 1.13 Mn 17,294 15,899 27 AUM (Sq. ft.) Total Seats Occupied Centers Neddle & Thread SaaSJoy Solutions Rs. 52.30 Cr 7
Slide 13: Strategy and Growth Outlook
Strategy and Growth Outlook 1. Enhancing Client Offerings 3. Leveraging the GCC Opportunity • One-stop solution for businesses setting up operations in India: Infrastructure, • GCCs occupy ~34% of Grade-A office stock (~245 Mn Sq. ft.) Interiors, Technology Enablement & Staffing • Expected to exceed
Slide 14: Structured Onboarding Approach
Structured Onboarding Approach Identification of Cities and Submarkets Search for Suitable Space Owners Signing of Definitive Agreements • Market research and financial analysis to assess viability and growth potential • Combination of direct sourcing from space • Negotiation of key commercial terms
Slide 15: Asset Procurement Strategy
Asset Procurement Strategy Flexible Business Models Optimizing Capital Efficiency and Risk Management Straight Lease Furnished by Landlord OpCo / PropCo Development Management OpCo: Operations Additional Revenue 21 of 27 Centers (78%) 6 of 27 Centers (22%) PropCo: Ownership • Traditional lease with
Slide 16: Office Center Portfolio (1/2)
Office Center Portfolio (1/2) Tier 1 Tier 2 Gujarat Tier 2 Other States Key Metrics (20% SBA, 10 centers) (73% SBA, 13 Centers) (7% SBA, 4 Centers) 13,333 sq. ft. 36,948 sq. ft. Udaipur 196 seats Noida 753 seats 6 12 States Cities 90,000 sq. ft. 44,090 sq. ft. Gandhinagar Jaipur 840 seats 742 seats
Slide 17: Office Center Portfolio (2/2)
Area per Seat (Sq.ft.) Seats (No.) SBA (Sq ft.) Gandhinagar Ahmedabad Ahmedabad 107 8,769 6,13,156 Surat Gandhinagar 95 Vadodara 90,000 1,900 Rajkot Vadodara 79 80,145 Hyderabad Indore 1,280 Hyderabad 75 Office Center Portfolio (2/2) 74,782 Pune 1,119 Ahmedabad Pune 70 66,069 Mumbai 900 Udaipur Mumb
Slide 18: Board of Directors
Board of Directors Mr. Shah Parth Naimeshbhai Mr. Uttamchandani Umesh Mr. Rushit Shardulkumar Shah Mr. Jaimin Jagdishbhai Shah Mr. Shah Yash Himanshu Satishkumar Chairman and Managing Director Whole time Director Non-Executive - Non-Executive Wholetime Director Nominee Director Non Independent Direc
Slide 19: Key Management Personnel
Key Management Personnel Parin Shah Parthiv Panchal Anjan Trivedi Joint Chief Financial Officer Joint Chief Financial Officer Company Secretary and Compliance Officer • Commerce graduate and Chartered Accountant • Commerce graduate with 7+ years of financial- • Commerce and law graduate sector • 18+
Slide 20: Standalone Financial Metrics (IND AS)
Standalone Financial Metrics (IND AS) Rs Cr Revenue EBITDA and Margin % 65.1% 59.0% 66.0% +7.8% +9.3% 47.0 38.9 42.0 27.7 27.7 25.4 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 EBIT and Margin % PBT and Margin % 31.8% 33.5% 32.2% 2.3% 13.3% 3.0% +15.7% +50.7% 17.0 6.8 15.1 13.1 0.9 1.4 Margin % Q
Slide 21: Standalone Financial Metrics (IGAAP)
Standalone Financial Metrics (IGAAP) Rs Cr Revenue EBITDA and Margin % 23.1% 21.6% 23.6% +7.8% +9.8% 47.0 38.9 42.0 10.1 9.9 9.0 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 EBIT and Margin % PBT and Margin % 22.4% 23.2% 26.4% 10.1% 14.1% 14.1% +34.9% +59.1% 12.4 7.2 6.6 11.8 9.2 4.2 Q1 FY26 Q4 F
Slide 22: Consolidated Income Statement (IND AS)
Consolidated Income Statement (IND AS) Particulars (Rs Cr) Q1 FY27 Q1 FY26 YoY% Q4 FY26 QoQ% Revenue from Operations 53.8 55.6 (3.3)% 59.3 (9.3)% Other Income 3.0 1.3 nm 4.1 (27.7)% Total Income 56.7 56.9 (0.4)% 63.3 (10.4)% Cost of Goods and Services 13.5 16.8 (19.6)% 17.5 (22.7)% Employee Benefit
Slide 23: Consolidated Income Statement (IGAAP)
Consolidated Income Statement (IGAAP) Particulars (Rs Cr) Q1 FY27 Q1 FY26 YoY% Q4 FY26 QoQ% Revenue from Operations 53.8 55.6 (3.3)% 59.3 (9.3)% Other Income 3.0 1.3 Nm 4.1 (27.7)% Total Income 56.7 56.9 (0.4)% 63.3 (10.4)% Cost of Goods and Services 13.5 16.8 (19.6)% 17.5 (22.7)% Employee Benefits
Slide 24: Standalone Income Statement (IND AS)
Standalone Income Statement (IND AS) Particulars (Rs Cr) Q1 FY27 Q1 FY26 YoY% Q4 FY26 QoQ% Revenue from Operations 42.0 38.9 7.8% 47.0 (10.6)% Other Income 5.1 2.2 nm 3.9 28.9% Total Income 47.1 41.2 14.3% 50.9 (7.5)% Cost of Goods and Services 7.0 4.8 45.9% 13.8 (49.2)% Employee Benefit Expenses 4.
Slide 25: Standalone Income Statement (IGAAP)
Standalone Income Statement (IGAAP) Particulars (Rs Cr) Q1 FY27 Q1 FY26 YoY% Q4 FY26 QoQ% Revenue from Operations 42.0 38.9 7.8% 47.0 (10.6)% Other Income 5.1 2.2 128.4% 3.9 28.9% Total Income 47.1 41.2 14.3% 50.9 (7.5)% Cost of Goods and Services 7.0 4.8 45.9% 13.8 (49.2)% Employee Benefits Expense
Slide 26: Historical Consolidated Financials
Historical Consolidated Financials Rs Cr Revenue EBITDA Margin % Occupancy Rate % 226 60% 90% 89% 51% 48% 159 108 83% FY 24 FY 25 FY26 FY 24 FY 25 FY26 FY 24 FY 25 FY26 ROCE % ROE % Capex 14.0% 7.4% 12.0% 98.1 4.3% 3.6% 5.0% 33.8 11.6 FY 24 FY 25 FY26 FY 24 FY 25 FY26 FY 24 FY 25 FY26 24
Slide 27: Disclaimer
Disclaimer This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any securities of DEV ACCELERATOR LIMITED (“DEV ACCELERATOR”, "Company“), nor shall part, or all, of this document form the basis of, or be relied on in connect