IndiQube Q1 FY27 Revenue Surges 37% YoY to ₹428 Cr; PAT Jumps 91% to ₹35 Cr
IndiQube Spaces Limited reported a record Q1 FY27 revenue of ₹428 crore, up 37% YoY. PAT surged 91% to ₹35 crore, with EBITDA at ₹87 crore. Occupancy reached 86%, and VAS revenue was ₹72 crore. The company maintains a CRISIL ‘A+’ rating. A conference call is scheduled for August 13, 2026.
The announcement details record financial performance, significant growth metrics, and operational expansion, which are material to investors and stakeholders.
The company reported record quarterly revenue, significant year-on-year growth in revenue and profit after tax, improved margins, and strong operational highlights, indicating a positive financial performance.
IndiQube Spaces Limited announced its financial results for the first quarter of FY27, ending June 30, 2026. The company reported its highest ever quarterly revenue of ₹428 crore, marking a significant 37% year-on-year growth.
Commenting on the performance, Cofounder & CEO Rishi Das highlighted that profitability strengthened across key metrics. EBITDA increased by 34% to ₹87 crore, EBIT grew by 59% to ₹55 crore, and Profit After Tax (PAT) saw a substantial 91% increase, reaching ₹35 crore. The company maintained healthy EBITDA margins at 20%, with EBIT and PAT margins improving to 13% and 8% respectively, underscoring the operating leverage of their platform.
Co-founder Meghna Agarwal added that steady-state occupancy strengthened to 90% and overall occupancy improved to 86%, indicating strong customer demand and better utilization. Value Added Services (VAS) also showed robust growth, with VAS revenue reaching ₹72 crore, contributing 17% to operating revenue.
The company's operational highlights for Q1 FY27 include an increase in Area Under Management by 1.91 million sq. ft. YoY to 10.61 million sq. ft., and an expansion of seat capacity by 43,000 to 236,000 seats. IndiQube added 17 new centers YoY, now operating 137 properties across 17 cities. The company also reaffirmed its financial strength with a CRISIL ‘A+’ (Stable) rating.
Under Ind AS reporting, a notional loss of ₹24 crore was recognized due to accounting adjustments, primarily related to depreciation on right-of-use assets and interest on lease liabilities. However, the company emphasized that these are non-cash impacts and do not affect the underlying operating strength and core business profitability.
IndiQube will host an earnings conference call on Thursday, August 13, 2026, at 2:00 PM IST to discuss the results. An investor presentation will also be made available on the company's website.
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