India, Aug. 12 -- Office space provider DevX (Dev Accelerator) reported a consolidated net profit of Rs.1.50 Cr in Q1 FY27, more than 10X of the Rs.14 Lakh profit it registered in the year-ago period. However, on a sequential basis, net profit slipped by 81% from Rs.8 Cr.

Operating revenue in the quarter under review decreased 3.2% YoY and 9.2% QoQ to Rs.53.8 Cr. Including other income of Rs.3.0 Cr, the company's total income stood at Rs.56.7 Cr.

Total expenses amounted to Rs.55.2 Cr, a marginal decrease compared to Rs.56 Cr in the year-ago period and 6.8% higher from Rs.51.7 Cr in the previous quarter.

DevX reported a profit of Rs.1.6 Lakh from an associate in the quarter, while its tax expenses stood at Rs.7 Lakh.

The company's tota...