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Earnings Call

Indiqube Spaces Earnings Call: Key Takeaways

IndiQube delivered record IGAAP-equivalent FY26 revenue of ₹1,469 Cr and ₹125 Cr PAT, though Ind AS reporting shows a notional net loss due to lease accounting adjustments.

Why this was an Alfa AlertNot a filter event. While growth was strong, there was no prior guidance provided to verify a 10% material beat.
Highlights
Revenue growthFY26 revenue grew 37% YoY to ₹1,469 Cr.
MarginsMaintained healthy 21% EBITDA margin despite global macro uncertainties.
Demand visibilityStrong; added 28,000 seats with 88% steady-state occupancy.
Management confidenceExtremely confident, highlighting record scale, resilience, and operational discipline.

Growth

Revenue grew 37% YoY; PAT surged 145% on IGAAP basis with 21% EBITDA margins.

Outlook

Footprint covers 17 cities, 130 properties, and 9.66 million sq. ft. with 88% occupancy.

Risks

Substantial variance between IGAAP and Ind AS reporting; sensitivity to lease accounting and interest rates.

Source

Earnings Call filed with NSE, NSE: INDIQUBE. Summary written with AI assistance from the document.

Read the document ↗

Indiqube Spaces Ltd: key numbers

Share price
₹198.94
Market cap
₹4,217 Cr
Revenue (annual)
₹1,451 Cr
Net profit (annual)
₹-106.3 Cr
P/E (TTM)
-45.1×Sector 37.2×
Promoter holding
60.11%+0.01% QoQ
FII holding
2.16%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Value
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