Dev Accelerator Limited (DevX) has released the transcript of its earnings conference call held on February 02, 2026, concerning the unaudited financial results for the quarter ended December 31, 2025. The company, which operates as a managed workspace platform, highlighted its strategic focus on Tier 2 cities, which now constitute 75% of its revenue. During the call, management detailed the company's operational performance, noting that DevX manages 28 centers across 12 cities, covering approximately 9 lakh square feet with 13,500 seats at an 88% occupancy rate. The company emphasized its unique model of providing end-to-end solutions, including custom-built offices, fit-outs, technology integration, payroll, and facility management under a single service level agreement. A significant development shared was the signing of an 8 lakh square feet managed office space contract in Ahmedabad, a landmark deal for the Tier 2 city and potentially one of the largest flex office space transactions in the country. This deal, valued at ₹100 crores investment over four years, is expected to generate ₹120 crores in revenue and will operate under a development management model. The company also announced that its 3.15 lakh square feet asset on Ambli-Bopal Road is set to commence operations this quarter (JFM) with 95% pre-leasing achieved even before becoming operational, adding approximately 4,000 seats and ₹2.75-3 crores in monthly revenue. Financially, for the nine months ended December 31, 2025, DevX reported consolidated revenue from operations at ₹166.7 crores, a 53% year-on-year growth, with an EBITDA of ₹77.6 crores and a 46.1% EBITDA margin. On a standalone basis, revenue grew 50% year-on-year to ₹124 crores, with EBITDA margins increasing to 61%. The company also provided an update on its design and build subsidiary, which generated ₹38.8 crores in revenue for the nine-month period. Management expressed strong confidence in the growth potential of Tier 2 cities, citing cost advantages, talent availability, and supportive government policies. They reiterated their vision to be the preferred infrastructure partner for Global Capability Centers (GCCs) in these emerging markets.