Managed workplace provider IndiQube reported a significant improvement in its financial performance for the second quarter of FY26, narrowing its net loss by 43% year-on-year (YoY) to INR 29.9 crore, compared to a loss of INR 52.5 crore in the same quarter last year. The company also managed to reduce its loss by 19% sequentially from INR 36.8 crore in Q1 FY26, signaling operational efficiency and improved cost management.
Revenue Surges 39% YoY to INR 350.1 Crore
IndiQube recorded a strong uptick in its operating revenue, which grew 39% YoY and 13% quarter-on-quarter (QoQ) to reach INR 350.1 crore in Q2 FY26. The rise in revenue was driven by higher occupancy levels across its managed office spaces, expansion into new cities, and increasing demand from startups, SMEs, and large enterprises seeking flexible workspace solutions.
Including other income of INR 16.5 crore, IndiQube’s total income stood at INR 366.6 crore for the quarter under review, reflecting the company’s steady growth momentum in India’s booming flexible workspace segment.
Expenses Rise 32% Amid Business Expansion
While revenue witnessed robust growth, IndiQube’s total expenditure increased by 32% YoY to INR 405.3 crore in Q2 FY26. The higher spending was largely attributed to the company’s ongoing business expansion, infrastructure investments, and increased operational costs to support new managed office properties.
Despite the rise in expenses, IndiQube has demonstrated progress in narrowing its losses through improved efficiency, optimized resource utilization, and better revenue realization from existing and new clients.
Tax Credit Boosts Bottom Line
A noteworthy factor contributing to the company’s improved quarterly performance was the tax credit of INR 8.8 crore, compared to a tax outgo of INR 8.7 crore during the corresponding quarter last year. In the previous quarter (Q1 FY26), IndiQube had received a tax credit of INR 13.2 crore, helping offset part of the company’s losses.
These tax benefits, combined with stronger operational metrics, have contributed to IndiQube’s improved bottom line and reduced net loss on both yearly and sequential bases.
Focus on Sustainable Growth and Profitability
IndiQube’s financial performance in Q2 FY26 reflects its continued focus on balancing growth with operational efficiency. As India’s managed workspace industry continues to expand, IndiQube is leveraging its pan-India presence, scalable technology-driven solutions, and customer-centric approach to strengthen its market position.
Industry analysts expect the managed workspace sector to maintain strong growth momentum, driven by hybrid work models, the rise of startups, and corporate efforts to reduce real estate costs. IndiQube, with its expanding portfolio and strong brand presence, is well-positioned to benefit from these trends in the coming quarters.
Keywords: IndiQube Q2 FY26 Results, IndiQube Net Loss, IndiQube Revenue Growth, IndiQube Financial Performance, Managed Workplace Provider, Flexible Workspace India, IndiQube FY26 Earnings
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