IndiQube reports Rs 475 crore revenue during Q2 FY27

Flexible workspace provider IndiQube has reported Rs 475 crore revenue during Q2 FY27 up 34% YoY as H1 revenue reaches Rs 904 crore while PAT Grows 66% to Rs 92 crore.

“Growth continues to translate into stronger profitability, with EBITDA growing 40% to Rs 105 crore and PAT growing 63% to Rs 57 crore. EBITDA margin improved to 22%, and PAT margin expanded to 12%, reflecting the operating leverage inherent in our platform as we scale,” said Rishi Das, Cofounder & CEO, IndiQube.

Value Added Services revenue grew 74% to Rs 154 crore in H1 FY27 and now contributes 17% of operating revenue.


“We now manage 10.86 million sq. ft. across 138 centers and 17 cities, with 241 K seats and a steady state occupancy of 91%. The quality of this demand is equally encouraging. We serve 884 clients, with GCCs contributing 54% of revenue and multicenter clients 41%, reflecting strong demand from large enterprises for scalable, distributed workspace solutions,” said Meghna Agarwal, Co-founder, IndiQube.

While the company reported operating performance with an estimated current tax expense of Rs 5 crore in Q2 FY27, 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 of Rs 297 crore with EBITDA margin of 63% and a net loss of Rs 6 crore.

This variance between Ind AS and IGAAP equivalent reporting arises mainly from non-cash accounting impacts, primarily on account of Ind AS 116.