IndiQube reports Rs 475 crore revenue during Q2 FY27

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The Economic Times daily newspaper is available online now. Read Today's Paper IndiQube reports Rs 475 crore revenue during Q2 FY27By Faizan Haidar, ET BureauLast Updated: Nov 04, 2026, 04:18:00 PM ISTSynopsis

IndiQube has reported impressive financial growth in Q2 FY27, achieving a revenue of Rs 475 crore, which marks a 34% increase from the previous year. With a total H1 revenue of Rs 904 crore, the company is on a strong upward trajectory. PAT surged by 66% to Rs 92 crore, while EBITDA saw a 40% rise to Rs 105 crore. Currently, IndiQube operates over 10 million sq. ft.

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.

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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.
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