Result for Q4 FY 26
INDIQUBE · price
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Indiqube Spaces Limited reported audited financial results for Q4 and full year ended March 31, 2026. Revenue from operations grew 36.97% YoY to Rs. 14,508.12 million (FY25: Rs. 10,592.86 million), driven by expansion in the managed workspace business. However, the company continues to report losses with Loss After Tax of Rs. 1,063.42 million for FY26, though improved from Rs. 1,396.17 million in FY25. Operating cash flow before working capital changes was Rs. 8,743.84 million, but net operating cash flow turned negative at Rs. 134.34 million due to working capital outflows. The company listed on NSE and BSE in July 2025 via IPO, raising Rs. 6,044.59 million. IPO proceeds of Rs. 3,738.21 million remain unutilized. The Board also approved variation in utilization of IPO proceeds and appointed new Company Secretary and Secretarial Auditors.
Despite strong revenue growth of 37%, the company remains loss-making with negative operating cash flow, which could concern investors. The reduction in net loss and positive operating cash generation before working capital changes are positive signs for long-term profitability.