IndiQube Posts Record Quarterly Revenue of ₹428 Crore in Q1 FY27; Profit After Tax Jumps 91%
Bengaluru, August 12, 2026 - IndiQube Spaces Limited, a leading Integrated Managed Spaces Platform in India, announced strong financial results for the first quarter (Q1) of FY27. The company reported its highest ever quarterly revenue at ₹428 crore, marking a 37% year-on-year (YoY) growth.Rishi Das, Co-founder and CEO of IndiQube, stated that Q1 FY27 represents a robust start to the fiscal year. He noted that alongside the revenue increase, profitability strengthened across all key metrics. EBITDA grew by 34% to ₹87 crore, EBIT increased by 59% to ₹55 crore, and Profit After Tax (PAT) rose by 91% to ₹35 crore. The company maintained a healthy EBITDA margin of 20%, while EBIT and PAT margins improved to 13% and 8%, respectively, reflecting the operating leverage inherent in its platform scaling.
Meghna Agarwal, Co-founder of IndiQube, highlighted that the operating performance in Q1 FY27 demonstrated the increasing depth and efficiency of the IndiQube platform. Steady state occupancy stabilized at 90%, with overall occupancy improving to 86%. She added that Value Added Services (VAS) revenue reached ₹72 crore, increasing its contribution to operating revenue from 11% to 17%.
Key Financial Highlights for Q1 FY27
The company’s core financial performance metrics are as follows:| Metric | Figure | YoY Growth | Margin |
|---|---|---|---|
| Revenue | ₹428 Cr | 37% | - |
| EBITDA | ₹87 Cr | 34% | 20% |
| EBIT | ₹55 Cr | 59% | 13% |
| Profit After Tax (PAT) | ₹35 Cr | 91% | 8% |
Operational Milestones and Strength
The company continues to expand its footprint and capacity. Key operational highlights for Q1 FY27 include:- Area Under Management: Increased by 1.91 Million sq. ft. YoY, totaling 10.61 Million sq. ft.
- Seat Capacity: Increased by 43 K seats to 236 K Seats.
- Center Additions: Added 17 new centers YoY.
- Current Portfolio: Operates 137 properties across 17 cities pan-India.
- Occupancy: Maintained a steady state center occupancy of 90%.
IndiQube holds a CRISIL 'A+' (Stable) credit rating, reaffirming its financial strength.
Consolidated Financial Details (GAAP and Ind AS Reporting)
While the company reported strong operational performance, it recognized a notional loss under Ind AS reporting due to specific Ind AS accounting adjustments. The consolidated financial data across various reporting standards are provided below:| PARTICULARS | Ind AS | Ind AS Adj. | IGAAP Eq. |
|---|---|---|---|
| Revenue from operations | 423 | (6) | 428 |
| Other income | 26 | 18 | 8 |
| Total Income | 449 | 13 | 436 |
| Purchases of traded goods | 27 | 0 | 27 |
| Employee benefit expense | 24 | 0 | 24 |
| Finance costs | 127 | 116 | 11 |
| Depreciation & Amortization expense | 188 | 148 | 40 |
| Other expenses | 113 | 178 | 291 |
| Total Expenses | 479 | 86 | 393 |
| Profit / (loss) before tax | (30) | (74) | 43 |
| Tax expense | (7) | (15) | 8 |
| Profit / (loss) after tax | (24) | (59) | 35 |
The variance observed between Ind AS and IGAAP equivalent reporting is primarily attributed to non-cash accounting impacts, particularly related to depreciation on Right of Use (ROU) assets and interest on lease liabilities. The company emphasized that these adjustments are purely accounting in nature and do not impact the underlying operating strength or profitability and cash generation capabilities.
INDIQUBE Stock Price Movement
Today, Indiqube Spaces Limited saw its stock edges up by 0.62% after settling at ₹183.79. The shares were actively traded throughout the day, recording a total volume of 34,840.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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