Indiqube Spaces Ltd
P&L
Quarterly Standalone
vs Q3 FY26
IndiQube FY26 Revenue at ₹1469 Cr, PAT at ₹125 Cr
20 May 2026 · 20 May, 8:02 pm
Summary
IndiQube Spaces Limited announced a record-breaking performance for FY26, with revenue reaching ₹1,469 Cr, a substantial 37% increase year-on-year. Profit After Tax surged by an impressive 145% to ₹125 Cr, complemented by a 147% rise in operating cash flow to ₹304 Cr, all while maintaining a healthy 21% EBITDA margin. The company significantly expanded its operational presence, adding 28,000 seats and growing its area under management to over 9.66 million sq. ft. across 17 cities, achieving a steady 88% occupancy rate. Management emphasized the quality, resilience, and disciplined execution behind this growth, reaffirming their conviction in the long-term opportunity within the workspace solutions sector.
Key Highlights
- 1
IndiQube reported its highest revenue in FY26, reaching ₹1,469 Cr, which represents a significant 37% year-on-year growth.
- 2
Profit After Tax (PAT) for FY26 showed a record growth of 145% year-on-year, totaling ₹125 Cr.
- 3
Operating Cash Flow (OCF) for FY26 improved by 147% year-on-year to ₹304 Cr, demonstrating strong cash generation.
- 4
The company maintained a healthy EBITDA margin of 21% for FY26, reflecting resilient operational efficiency despite global uncertainties.
- 5
IndiQube expanded its operational footprint significantly, growing its Area Under Management by nearly 1.25 Mn sq. ft. to 9.66 Mn sq. ft. and adding 28,000 seats during the year.
- 6
Steady-state center occupancy remained robust at 88%, indicating strong market demand and effective operational focus across its 130 properties in 17 cities.
- 7
Value Added Services contributed 15% to the total revenue, underscoring the increasing relevance of IndiQube's integrated offering beyond physical workspace.
Management Comments
Rishi Das
FY26 has been a record year for us, not just in terms of scale, but in the quality and resilience of our growth. We delivered total income of ₹1,491 crore, PAT of ₹125 crore, operating cashflows of ₹304 crore and maintained healthy EBITDA margin of 21%, even as businesses globally navigated geopolitical volatility, macro uncertainty, and the evolving impact of AI on the future of work. What stands out is not only the performance itself, but the consistency with which it was delivered. Revenue grew 37% year on year, while PAT grew by a record 145%, our cashflow from operations improved by 147%, reflecting the strength of our operating model and the discipline embedded in our execution. These results reaffirm our belief that the future of work will be shaped by platforms that combine scale, flexibility, efficiency, and trust.
Meghna Agarwal
FY26 was a year where expansion and discipline moved in tandem. Our footprint now spans 17 cities, 130 properties, and over 9.66 million sq. ft. of office space, strengthening our position as a truly pan India platform with deeper reach into the heart of Bharat. During the year, we added 28,000 seats while sustaining steady state occupancy at 88%, a reflection of both market demand and the depth of our operating focus. Value Added Services contribution grew to 15% of revenue, underscoring the growing relevance of our integrated offering beyond physical workspace. For us, growth is not simply about becoming larger. It is about building a platform that becomes stronger with scale, more valuable to clients over time, and more resilient through changing market environments. FY26 has been an important step in that journey, and it reinforces our conviction in the long-term opportunity ahead.
Informational and educational content only. Not investment advice.