Indiqube Spaces Limited has informed the Exchange regarding a press release dated May 20, 2026, titled "Press Release on the Financial Results for the period ended March 31,2026".
INDIQUBE · price
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IndiQube Spaces Limited reported record FY26 performance with revenue of ₹1,469 Cr (up 37% YoY) and PAT of ₹125 Cr (up 145% YoY). Operating cash flow surged to ₹304 Cr, up 147% YoY. The company expanded to 130 properties across 17 cities with 215,000 seats and maintained 88% occupancy. ROE improved to 16% from 14% in FY25. Under Ind AS accounting (due to Ind AS 116 adjustments for lease liabilities), the company reported a net loss of ₹103 Cr despite an EBITDA margin of 61% (₹881 Cr), which management clarified is purely accounting-driven and does not affect underlying operating strength. The company received CRISIL 'A+' (Stable) rating.
The company delivered strong operational growth with near-tripling of PAT and robust cash generation. The dramatic debt-to-equity improvement from 0.9 to 0.08 signals a healthier balance sheet, which should be positively viewed by investors despite the Ind AS net loss presentation.