Submission of Transcript of the Investors/ Analysts call held on Thursday, May 21, 2026, on the financial results for the quarter and year ended on March 31, 2026.
INDIQUBE · price
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Indiqube Spaces Limited reported record FY26 performance with revenue of INR 1,469 crores (37% YoY growth), EBITDA crossing INR 300 crores (60% growth), and PAT of INR 125 crores (145% growth). EBITDA margin expanded from 18% to 21%, while PAT margin improved from 5% to 9%. The company added ~1.6 million sq ft in rent-paying area across 15 new centers, with steady-state occupancy improving from 87% to 88%. Value-added services contribution rose to 15% of revenue. The company has a 4 MW operational solar plant in Latur and 20 MW in Yadgir, with plans to add 30-35 MW more. The company operates in 17 cities and sees strong GCC-driven demand. CAPEX for the year came in at INR 413-414 crores, slightly above guidance due to solar investments.
The strong margin expansion and outperformance against guidance (37% vs 30% revenue growth) demonstrates operational leverage and execution capability. The company guided for continued 25-30% revenue growth with EBITDA margins of 18-21% for FY27, suggesting sustainable profitability improvement.