DevX Q1 Profit Jumps To ₹1.5 Cr Despite A 3.3% YoY Dip In Revenue

by · Inc42

SUMMARY

  • DevX’s net profit stood at ₹1.5 Cr in Q1 FY27, increasing tenfold YoY but down 81.1% from ₹8 Cr on a QoQ basis
  • Its operating revenue slipped by 3.2% YoY and 9.2% QoQ to ₹53.8 Cr
  • The coworking space provider’s total expenses amounted to ₹55.2 Cr, nearly flat YoY but 6.8% higher on a QoQ basis