IndiQube Reports Strong Growth in Managed Workspace Solutions

Managed workspace solutions provider IndiQube has witnessed a significant 35.2% increase in revenue from operations for Q4 FY26, while simultaneously narrowing its losses by 27.7%, attributed to enhanced operating leverage supported by scale and increased occupancy levels. The company’s revenue from operations surged to Rs 401.5 crore in Q4 FY26, a jump from Rs 296.9 crore in Q4 FY25, as detailed in its financial report obtained from the National Stock Exchange (NSE).

In addition, IndiQube recorded Rs 24.2 crore in non-operating income, leading to a total income of Rs 425.7 crore for Q4 FY26. Over the span of the entire fiscal year FY26, the company achieved a 37.0% growth in revenue from operations, reaching Rs 1,450.8 crore, up from Rs 1,059.3 crore in FY25.

Expense Overview and Financial Performance

On the expense side, the largest cost component—depreciation and amortisation—saw an increase of 35.8% to Rs 177 crore in Q4 FY26. Finance costs also rose, up by 30.8% to Rs 119.2 crore. Furthermore, employee benefit expenses experienced a growth of 5.2%, amounting to Rs 24.2 crore during the quarter. Overall, total expenses increased by 29% year-on-year, totalling Rs 449.6 crore.

Losses and Yearly Comparison

In terms of financial performance, IndiQube reported a 27.7% reduction in losses, narrowing down to Rs 22.7 crore in Q4 FY26 from Rs 31.3 crore in Q4 FY25. However, on a quarterly basis, losses rose from Rs 17 crore reported in Q3 FY26. For the complete fiscal year FY26, the company’s losses narrowed by 23.8%, reaching Rs 106.3 crore, compared to Rs 139.6 crore in FY25.

Expansion and Operational Footprint

Throughout the year, IndiQube has actively broadened its operational presence. As of March 2026, the workplace operator manages 130 centres across 17 cities and oversees 9.66 million sq. ft. of workspace, maintaining a steady-state occupancy rate of 88%.

IndiQube’s share closed today at Rs 173.52, bringing the company’s market valuation to approximately Rs 3,773 crore.