Archive · 13 Aug 2025
IndiQube Aims to Maintain Growth: Reports 28% Revenue Rise
IndiQube, a company that provides office spaces, is doing well!
They made more money in the last few months than they did last year.
They're also renting out more space and have more people using their offices.
The company is growing because they have more space available and are getting more customers.
They want to keep growing and plan to open in new cities.
The boss of the company says they will be focused on big companies with lots of employees.
The office space business is doing well in general, as more companies are looking for flexible office options.
IndiQube's revenue rose 28% year-on-year to Rs 313 crore in the June quarter.
The company's adjusted cash Ebit increased to Rs 52 crore from Rs 28 crore year-ago.
Occupied space grew by 22% to 5.5 million sq ft, with occupancy at 85%.
IndiQube aims to reach 10 million sq ft under management within 12 months.
Expansion plans include both tier-1 and tier-2 cities, focusing on large clients.
- Who
- IndiQube, a flexible workspace provider.
- What
- IndiQube reported a revenue increase and expansion plans.
- When
- In the June quarter.
- Where
- Bengaluru and other tier-1 and tier-2 cities.
- Why
- Driven by increased occupied space and demand for flexible office spaces.
Accounting Standards
Financial Metrics
Impact of Accounting Methods
Accounting Standards
Ebitda overstated due to lease accounting.
Financial Metrics
IGAAP provides accurate profit figures.
- Revenue (June Quarter)
- Rs 313 crore
- Revenue Growth (YoY)
- 28%
- Adjusted Cash Ebit
- Rs 52 crore
- Occupied Space
- 5.5 million sq ft
- Occupancy Rate
- 85%
- Planned Expansion
- To 10 million sq ft in 12 months