BSECompany Update12 Aug 2026 · 12 Aug 2026, 05:52 pm
Press Release on the financial results for the quarter ended June 30, 2026
Indiqube Spaces Ltd · 544454
✦ AI Summary▲ PositiveResults
Indiqube Spaces Ltd reported its highest ever quarterly revenue of ₹428 Cr in Q1 FY27, growing 37% YoY, with PAT up 91% to ₹35 Cr. EBITDA increased 34% to ₹87 Cr, EBIT grew 59% to ₹55 Cr, and EBIT margins improved to 13%. Occupancy strengthened to 90% and overall occupancy improved to 86%. Value Added Services revenue reached ₹72 Cr and its contribution to operating revenue increased from 11% to 17%. The company reported a notional loss under Ind AS reporting, primarily due to Ind AS accounting adjustments.
Analysis Scores
Earnings Impact9/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment9/10
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Indiqube Spaces Ltd - 544454 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Date: August 12, 2026
BSE Limited, National Stock Exchange of India Limited,
20th Floor, P.J. Towers, Exchange Plaza, C-1, Block G,
Dalal Street, Bandra Kurla Complex, Bandra (E),
Mumbai - 400001. Mumbai – 400 051
BSE Scrip Code: 544454 NSE Scrip Symbol: INDIQUBE
Subject: Press Release on Financial Results of Indiqube Spaces Limited (“Indiqube”)
for the quarter ended June 30, 2026
Dear Sir/ Ma’am,
In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, we are enclosing herewith a copy of a Press Release on the financial results
of the Company for the quarter ended June 30, 2026
Thanking You.
For Indiqube Spaces Limited
Bhasker Dubey
(Company Secretary & Compliance Officer)
Indiqube Spaces Limited
(formerly known as Indiqube Spaces Private Limited, Innovent Spaces Private Limited) vinfo@indiqube.com
Registered and Corporate Office: www.indiqube.com
Plot # 53, Careernet Campus, Kariyammanna Agrahara Road, Devarabisanahalli, +91 9900092210
Outer Ring Road, Bangalore, Karnataka, India, 560103
CIN - L45400KA2015PLC133523
IndiQube Reports Highest Ever Quarterly Revenue of ₹428 Cr in
Q1 FY27, Growing 37% YoY; PAT Up 91% to ₹35 Cr
Bengaluru, August 12, 2026 – IndiQube Spaces Limited, one of India’s leading Integrated
Managed Spaces Platform, today announced its financial results for Q1 FY27.
Commenting on the results Rishi Das, Cofounder & CEO, IndiQube said “Q1 FY27 marks a very
strong start to the year, with IndiQube delivering its highest ever quarterly revenue of ₹428
crore, reflecting 37% YoY growth. What is equally encouraging is the quality of this growth,
with profitability strengthening across every key metric.
EBITDA increased 34% to ₹87 crore, EBIT grew 59% to ₹55 crore, and PAT grew 91% to ₹35
crore. EBITDA margins remained healthy at 20%, while EBIT and PAT margins improved to 13%
and 8% respectively, demonstrating the operating leverage inherent in our platform as we
continue to scale. With this momentum, we remain focused on maintaining a healthy balance
of scale, profitability & capital efficiency.”
Meghna Agarwal, Co-founder, IndiQube, added “Our operating performance in Q1 FY27
reflects the increasing depth and efficiency of the IndiQube platform. Steady state occupancy
strengthened to 90% and overall occupancy improved to 86%, underscoring healthy customer
demand and improved utilization across the portfolio.
Value Added Services also continued to scale rapidly, with VAS revenue reaching ₹72 crore
and its contribution to operating revenue increasing from 11% to 17%. The combination of a
growing physical network, improving occupancy and a richer services mix gives us confidence
in the operating trajectory of the business, and we remain optimistic about sustaining this
momentum.”
Q1FY27 Key Financial Highlights:
• Revenue: ₹428 Cr, growing at 37% YoY
• EBITDA : ₹87 Cr, with YoY growth of 34% | EBITDA Margin: 20%
• EBIT : ₹55 Cr, growing at 59% YoY | EBIT Margin: 13%
• Profit After Tax: ₹35 Cr, with YoY growth of 91% | PAT Margin: 8%
Q1FY27 Key Operational Highlights:
• Area Under Management: Increased by 1.91 Mn sq. ft. YoY, to 10.61 Mn sq. ft.
• Seat Capacity: Increased by 43 K seats to 236 K Seats
• Center Additions: Added 17 new centers YoY
• Current Portfolio: 137 properties across 17 cities pan-India
• Occupancy: Healthy 90% steady state center occupancy
Credit Rating: CRISIL ‘A+’ (Stable) rating, reaffirming financial strength
Consolidated Financial Highlights
While the company reported strong operating performance with an estimated current tax
expense of ₹8.14 Cr in Q1 FY27, a notional loss was recognised under Ind AS reporting,
which is primarily due to Ind AS accounting adjustments. Under Ind AS, IndiQube reported
an EBITDA margin of 61% (₹258 Cr) and a net loss of ₹24 Cr.
Q1 FY27 Q1 FY26
PARTICULARS IGAAP IGAAP
Ind AS Ind AS Adj. Ind AS Ind AS Adj.
Eq. Eq.
Revenue from operations
423 (6) 428 309 (4) 313
Other income
26 18 8 15 15 0
Total Income
449 13 436 324 11 313
Purchases of traded goods
27 0 27 10 0 10
Employee benefit expense
24 0 24 20 0 20
Finance costs
127 116 11 110 100 10
- Interest on borrowings
11 0 11 10 0 10
- Interest on lease liabilities
116 116 0 100 100 0
Depreciation & Amortization expense
188 148 40 143 113 30
- Property, Plant, Equipment &
40 0 40 30 0 30
Intangible Asset
- ROU (Right-of-use Assets)
148 148 0 113 113 0
Other expenses
113 178 291 91 (127) 218
Total expenses
479 86 393 374 86 289
Profit / (loss) before tax
(30) (74) 43 (50) (74) 25
Tax expense
(7) (15) 8 (13) (19) 6
Profit / (loss) after tax
(24) (59) 35 (37) (55) 19
The variance between Ind AS and IGAAP-equivalent reporting arises mainly from non-cash accounting
impacts, primarily on account of Ind AS 116, such as;
• Depreciation on Right-of-Use (ROU) assets, and
• Interest on lease liabilities.
These adjustments are purely accounting in nature and do not affect the company’s underlying
operating strength. IndiQube’s core business, continues to demonstrate robust profitability and cash
generation. (Refer to the Investor Presentation for a detailed reconciliation between Ind AS and IGAAP
equivalent financials.)
Financial Statements:
Results for the quarter ended Jun 30, 2026, prepared under Ind AS, along with segment
results, are available in the Investor Relations section of our website
https://indiqube.com/investor/
Quarterly Conference Call:
The earnings conference call will be held on Thursday, Aug 13, 2026, at 2:00 PM (IST) to
discuss the Financial Results and performance of the company for the quarter ended Jun 30,
2026. The earnings conference call will be accessible from all networks and countries through
universal access dial-ins 91 22 6280 1366 | +91 22 7115 8267 also accessible at: Click Here
Further, the analyst(s)/institutional investor(s) presentation will be submitted to Stock
Exchanges and shall also be hosted on the Company's website at
https://indiqube.com/investor/
About IndiQube:
IndiQube is one of India’s leading integrated managed spaces platforms, bringing together
real estate, technology, operations, sustainability and employee experience. Through Grow,
DesignQube and IndiQare, we deliver managed workspaces, agile design and build solutions,
and efficient commercial space operations for GCCs, Indian conglomerates, unicorns and
high growth startups across their PAN India requirements.
Contact Information:
IndiQube Investor Relations Investor Relations Representative:
Indiqube Spaces Limited Mr. Anuj Sonpal
CIN : L45400KA2015PLC133523 Valorem Advisors
Email: cs.compliance@indiqube.com Tel: +91-22-4903-9500
Website: https://indiqube.com/
Email: indi@valoremadvisors.com
Kit link: https://www.valoremadvisors.com/indiqube