INDIQUBENSEIndiqube Spaces LimitedMediumNeutral
Announced Tue, 19 Aug · 15:22 IST

Indiqube Spaces Limited has informed the Exchange about Transcript

Mgmt Guided Margin ImprovementOrder Pipeline DisclosedInvestor Communications View source PDF

INDIQUBE · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

IndiQube Spaces filed the transcript of its Q1 FY26 earnings call held on August 13, 2025 — the company's first post-listing earnings call. Revenue for the quarter was Rs. 313 crore, the highest ever, up 27% year-on-year, with 98% being recurring. EBITDA jumped 98% YoY to Rs. 65 crore, with margin expanding 743 basis points to 21% (from 13% a year ago), driven by occupancy rising from 81% to 85% and operating leverage. Profit after tax nearly tripled to Rs. 18.5 crore, annualized EPS rose to Rs. 4.1 (vs Rs. 1), and ROE improved to 27%. The company also reported a CRISIL A+ stable rating and free cash flow of Rs. 35 crore. Operationally, the workspace provider now manages 8.7 million sq ft across 120 centers in 15 cities, serving 789 clients (40% GCCs, 60% Indian companies). It has 2.2 million sq ft of headroom (about 30% of rent-paying area) expected to come online in 6-12 months. Management guided to sustaining ~30% year-on-year revenue growth and maintaining EBITDA margins in the ~21% range, with CAPEX held at ~Rs. 1,500 per sq ft.

Likely market impact

A strong first post-IPO quarterly print, with clear management guidance pointing to sustained ~21% EBITDA margins and ~30% revenue growth. The 2.2 million sq ft headroom provides visible near-term revenue runway, likely to be viewed positively by the market.