INDIQUBE SPACES LIMITED

Indiqube Spaces Limited reported its highest quarterly revenue of INR 428 crores for Q1 FY27, reflecting a 37% year-on-year growth. Management highlighted a 34% increase in EBITDA to INR 87 crores and a 91% rise in PAT to INR 35 crores. The EBIT margin improved to 13%, while the PAT margin expanded to 8%. The company added 1.91 million square feet to its area under management and launched 17 new centers, focusing on high-density workspace clusters in talent-rich micro-markets. Management noted that 53% of revenue came from Global Capability Centers (GCCs), with multi-center clients contributing 41%. Sustainability initiatives included 30 megawatts of solar capacity, with plans for further expansion. Management reiterated a commitment to adding close to 2 million square feet annually and emphasized the importance of value-added services, which now account for approximately 17% of total revenue.

Management emphasized strong growth and profitability metrics.