Results · Professional & Local Services

IndiQube Q3 profit jumps 214% to ₹40 crore

By Startup Enthusiast · 10 February 2026

What they do

IndiQube provides managed offices, coworking spaces, and design services across 17 cities

Q3 FY26 profit after tax rose 214% year-on-year to ₹40 crore; revenue grew 45% to ₹395 crore

The company added 21 new centres and entered three new cities, with occupancy at 84%

IndiQube reported a profit after tax of ₹40 crore in Q3 FY26, up 214% year-on-year.
Revenue for the quarter was ₹395 crore, a 45% increase year-on-year.
For the first nine months of FY26, revenue stood at ₹1,063 crore, up 37% year-on-year.
Nine-month profit after tax was ₹95 crore, up 284% year-on-year.
The company's return on capital employed improved to 23% from 15% a year ago.
Its debt-to-equity ratio fell to 0.15 from 0.80 in Q3 FY25.
Recurring revenues made up 94% of total revenue.

IndiQube's strong profitability reflects operating leverage and expanding scale.
The company added 21 new centres and entered three new cities: Bhubaneswar, Indore, and Kolkata.
Area under management grew to 9.55 million sq ft, up about 1.5 million sq ft year-on-year.
Seat capacity increased to 212,000 seats, up about 33,000 seats.

IndiQube is a tech-enabled workspace solutions provider and a listed company.
It offers managed office spaces, coworking spaces, design & build, furniture, and services like IndiQare, IndiQube Eco, and the MiQube platform.
Its solutions include IndiQube Grow (flexible workspaces), DesignQube (personalised workplaces), IndiQube Eco (sustainability), and MiQube (integrated technology suite).
Customers include UpGrad, Juspay, and Facilio.
The company operates 129 properties across 17 cities with an occupancy rate of 84% as of December 31, 2025.
It signed a project for about 66,000 sq ft in Guwahati and Chennai under its Bespoke Design & Build service.
It leased about 38,000 sq ft in Bangalore to one of India's oldest law firms.