DevX Q2 Profit Soars 213% To ₹5.5 Crore As Revenue Grows 55%

A strong quarter for India's flexible workspace sector! Ahmedabad-based office space provider DevX reported a 213.5% year-on-year jump in consolidated net profit to ₹5.5 crore in Q2 FY27, while operating revenue surged 54.8% to ₹80.2 crore, compared with ₹51.8 crore in the same quarter last year.

Alongside its financial results, DevX's board approved a proposal to raise up to ₹300 crore through non-convertible debentures via private placement. It also approved the allotment of 33.3 lakh shares to its co-founders and promoters for nearly ₹15 crore. Founded in 2017, DevX provides managed offices, coworking spaces and workplace solutions across multiple Indian cities.

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