Indiqube Spaces Limited has informed the Exchange about Transcript
INDIQUBE · price
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IndiQube Spaces reported its highest-ever quarterly revenue of INR 395 crores in Q3 FY26, up 45% year-on-year, with 9-month revenue at INR 1,063 crores (37% YoY growth). Profit after tax more than doubled YoY to INR 40 crores in Q3, while 9-month PAT grew 284% to INR 95 crores; ROCE improved sharply to 23% from 15% a year ago. The company added 1.5 million sq ft of area under management, 33,000 seats, 21 new centers, and entered Bhubaneswar; portfolio occupancy rose to 84% from 81%. Management guided for ~30% annual topline growth, 1.5–2 million sq ft of annual AUM addition, and disclosed a pre-signed pipeline of 3.26 million sq ft (~72,000 seats) expected to become operational over the next 18–24 months. EBITDA margins are guided to stay in the 20–21% range with no major expansion expected, as focus is on scaling; VAS contribution rose to 13% of revenue with a target of 15% next year.
Strong execution on growth and profitability, with multi-year revenue visibility from the pre-signed pipeline. Margin expansion is largely behind them — guidance implies stable 20–21% EBITDA as priority shifts to growth and platform scale, which may temper near-term margin upside expectations. Operational solar capacity offers some cost cushion (~50% power savings) on captive consumption.