Recently listed coworking space provider DevX reported a net profit of INR 14 Lakh in the first quarter of FY26 (Q1 FY25) as against a loss of INR 6 Cr in the year-ago period. On a sequential basis, the company’s profit declined over 93% from INR 2.1 Cr.
Operating revenue zoomed 123% YoY to INR 55.6 Cr. On a quarter-on-quarter (QoQ) basis, the top line fell 15% from INR 65.4 Cr.
Including other income of INR 1.3 Cr, the company’s total income for the quarter stood at INR 56.9 Cr. This marked a 127% jump from INR 25.1 Cr in Q1 FY25.
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