IndiQube Spaces Limited, one of India’s leading tech-enabled workspace solutions provider, today announced its financial results for the quarter and half year endedSep 30, 2025 (Q2 FY26).
Commenting on the results Rishi Das, Cofounder & CEO, IndiQube said “Our growth momentum continues to strengthen as we posted our highest-ever half yearly revenue of ₹668 Crores in H1 FY26. With 96% of this revenue being recurring, and operating cashflows improving to ₹151 Croreswe have a strong foundation for future growth. Also, our PAT for Q2 FY26 has risen to ₹28 Crores, reflecting our consistent focus on building a profitable and resilient business. With a healthy EBITDA margin of 21% in Q2 FY26, we also see continued improvement in our marginsand look forward to a strong closure for the financial year in H2.”
Meghna Agarwal, Co-founder, IndiQube, added “We had some big wins this quarter,
including a 1.4 lakh sq. ft. signup in workspace leasing in Bangalore to the world’s largest asset manager and a 68,000 sq. ft. Design & Build project in Hyderabad for one of India’s largest automakers. Deals like these reinforce IndiQube as a preferred workspace partner for large enterprises. We are also excited to be closing H1 FY26 with a healthy occupancy of 87% at a portfolio level. This coupled with a PAN India presence in 16 cities & addition of Indore this quarter, sets us up firmly for an exciting H2.”
While the company reported strong operating performance with a current tax expense of ₹6.9 Cr in H1 FY26, a notional loss was recognised under Ind AS reporting, which is primarily due to Ind AS accounting adjustments. Under Ind AS, IndiQube reported an EBITDA margin of 59% (₹208 Cr) and a net loss of ₹30 Cr.
These adjustments are purelyaccounting in nature and do not affect the company’s underlying operatingstrength. IndiQube’s core business, continues to demonstrate robust profitability and cash generation. (Refer to the Investor Presentation for a detailed reconciliation between Ind AS and IGAAP equivalent financials.)