The agency mentioned 98% of this income was recurring, underscoring the soundness of its enterprise mannequin. EBITDA almost doubled to ₹65 crore from ₹33 crore in the identical quarter final yr, representing 98% progress. Internet revenue (IGAAP-equivalent) soared 303% YoY to ₹18.5 crore, in comparison with ₹4.6 crore in Q1 FY2025, reflecting disciplined execution and scalability.
“Our progress momentum continues to strengthen, and this quarter marks a landmark second in our decade-long journey. We’re constructing on a robust basis for the longer term,” mentioned Co-founder and CEO Rishi Das.
Underneath Ind AS reporting, nevertheless, the corporate posted a web lack of ₹37 crore, primarily on account of depreciation on right-of-use belongings and curiosity on lease liabilities as per Ind AS 116 requirements. Reported Ind AS EBITDA stood at ₹188 crore, up 61% YoY.
Operational progress remained sturdy. The realm below administration expanded by almost 1 million sq. ft. YoY to eight.7 million sq. ft., whereas seat capability elevated by 21,000 to 193,000 seats. IndiQube added 17 new facilities and entered two new cities—Kolkata and Mohali—taking its portfolio to 120 properties throughout 15 cities, with a wholesome occupancy charge of 85%.
Co-founder Meghna Agarwal mentioned the corporate’s sustainability push, noting the commissioning of the primary part of a 20 MW group photo voltaic farm, which generated over 9.8 lakh items of inexperienced energy in June and diminished month-to-month power prices by ₹68 lakh.“Our in-house MiQube app, which has now surpassed 83,000 downloads, displays how our customers worth a seamless, tech-integrated office. Taking our sustainability initiatives additional, we commissioned the primary part of our 20 MW group photo voltaic farm, producing over 9.8 lakh items of inexperienced energy in June and saving ₹68 lakh in month-to-month power prices. meet the evolving wants of the way forward for work,” she mentioned.
Backed by a CRISIL ‘A+’ (Secure) credit standing, IndiQube’s sturdy income visibility, increasing footprint, and technology-led choices place it effectively to seize evolving workspace calls for in India’s versatile workplace market.
