Indiqube Spaces Limited has informed the Exchange regarding a press release dated August 12, 2025, titled "Press Release Financial results for the quarter ended June 30, 2025".
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Awaiting price reaction for this filing.
IndiQube Spaces reported its first quarterly results as a publicly listed company for Q1 FY26 (quarter ended June 30, 2025), following its stock market listing on July 30, 2025. On an IGAAP-equivalent basis, revenue grew 27% year-on-year to ₹313 Crores, with 98% of revenue being recurring. EBITDA nearly doubled to ₹65 Crores (up from ₹33 Crores), and net profit surged 303% year-on-year to ₹18.5 Crores (up from ₹4.6 Crores). However, under Ind AS reporting, the company posted a net loss of ₹37 Crores, driven by depreciation on right-of-use assets and interest on lease liabilities under Ind AS 116. Operationally, area under management rose to 8.7 million sq. ft., seat capacity grew to 193,000, and the company entered two new cities (Kolkata and Mohali), taking its portfolio to 120 properties across 15 cities with 85% occupancy and a reaffirmed CRISIL 'A+' (Stable) credit rating.
The strong IGAAP-equivalent numbers and 303% profit jump signal healthy operational momentum and should be viewed positively by investors. However, the Ind AS-reported loss may raise short-term concerns among those less familiar with lease accounting differences; an earnings call is scheduled for August 13, 2025 to provide further clarity.