The call ran from 2:01 PM to 3:01 PM IST (1 h).
Key takeaways
IndiQube is transitioning from a managed workspace provider to an integrated enterprise platform, leveraging Q2 revenue growth of 34% YoY.
| Management target | Revenue FY27 |
|---|
| Revenue growth | 34% YoY growth reaching ₹475 Cr in Q2 FY27. |
|---|---|
| Margins | EBITDA margins improved to 22%, aided by Value Added Services (VAS). |
| Order book | LOIs signed for 2.67 million sq. ft. for next 12-18 months. |
| Demand visibility | Strong GCC demand; 54% of revenue now comes from GCC clients. |
| Management confidence | Balanced; highly optimistic about enterprise platform shift and 'IndiCare' services. |
Growth
Revenue grew 34% to ₹475 Cr; PAT up 63% to ₹57 Cr, driven by 91% steady-state occupancy.
Outlook
Targets 9.7 million sq. ft. rent-paying area by FY27-end, up from 8.2 million currently.
Risks
Expansion into asset ownership and solar capex could dilute the asset-light model and pressure cash flows.
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Indiqube Spaces Q2 FY27 Results: Net Loss of ₹5.9 Cr, Loss Narrows
Indiqube Spaces Ltd reported revenue from operations of ₹471.9 Cr (+34.8% YoY) and a net loss of ₹5.9 Cr for Q2 FY27.
- Key figure
- Net loss ₹5.9 Cr
What management said last time
Full summary →From the call summary published .
Outlook they gave
Steady state occupancy reached 90%; VAS revenue contribution targeted to sustain current 17% levels.
Growth they described
Revenue grew 37% YoY; PAT margins improved from 6% to 8% showing strong operating leverage.
Call details
| Company | Indiqube Spaces Ltd |
|---|---|
| NSE symbol | INDIQUBE |
| ISIN | INE06ST01018 |
| Call | Q2 FY27 earnings call |
| Date | Wednesday, 4 November 2026 |
| Time | 2:00 PM IST |
| Length | 1 h |
| Audio | Our stream on YouTube ↗ |
Indiqube Spaces Ltd: key numbers
- Share price
- ₹188.50
- Market cap
- ₹3,996 Cr
- Revenue (annual)
- ₹1,451 Cr
- Net profit (annual)
- ₹-106.3 Cr
- P/E (TTM)
- -57.5×Sector 34.6×
- Promoter holding
- 60.12%+0.01% QoQ
- FII holding
- 1.89%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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