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Indiqube Spaces Ltd

Q1 FY27Commercial Services & Supplies

Indiqube Spaces Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

Price₹180
Market cap₹3.8K Cr
Updated16 Oct 2026
Read4 min read

What the Q1 FY27 call signalled

2 of 4 strong

RevenueModerate growth
MarginMargins steady
CapexCapex planned
Order bookOrder book rising

The short version

Indiqube targets annual addition of ~2 million sq ft managed workspace area, maintaining steady growth in operational footprint. Steady state occupancy expected between 86%-90%, supporting stable margins without significant pressure.

From Indiqube Spaces Ltd's Q1 FY27 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Moderate growth
  • Indiqube targets annual addition of ~2 million sq ft managed workspace area, maintaining steady growth in operational footprint.
  • Revenue growth driven both by expanding managed workspace footprint and increasing value-added services (VAS) contributions (DesignQube, IndiCare, Eco).
  • VAS revenue expected to grow structurally by 2%-4% over coming years, currently at about 17% of total revenue.
  • GCC (Global Capability Centers) segment, contributing around 50% revenue, is expected to grow to 54%-55%, maintaining a stable customer mix.
  • Geographic expansion focused on Bangalore, Hyderabad, Mumbai, NCR, and Chennai with an emphasis on high-growth micro-markets.
  • Occupancy steady-state expected between 86%-90% in mature centers, supporting consistent revenue per seat.

2 more points from Indiqube Spaces Ltd's call on revenue

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Profitability & Margins

See what Indiqube Spaces Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • Indiqube plans to add another 25 to 30 megawatts of solar capacity this year, requiring capital expenditure of approximately INR 100-120 crores.
  • Focus on expanding value-added services (VAS) such as DesignQube, IndiCare, and Eco, prioritizing growth and scale over margin expansion in the next 1-2 years.
  • Annual area addition target remains close to 2 million square feet, consistent with prior guidance.
  • Capex includes interior design and build projects, solar investments, and vendor payments, which are recurring in nature.
  • Detailed figures to be disclosed after H1 audit and review.

2 more points from Indiqube Spaces Ltd's call on capex

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Top-ranked in Commercial Services & Supplies

Ranked on what management guided this quarter

Guidance-ranked
1Bluspring Enter.
Rev 1Mar 1
2Happy Square
Rev 1Mar 1
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 2Mar 1
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

Order book rising
Relevant insights related to signed leases and future supply include: - Indiqube has a headroom of about 3.9 million square feet (approx. 97,000 seats) already signed and in the pipeline. - Approximately 2 million square feet of rent-paying area is added annually, with major additions signed last half (~1.14 million sq. ft. added in H2 FY26). - New supplies will be delivered within 12 to 18 months, mainly in key micro-markets like Bangalore's Outer Ring Road corridor.

Indiqube Spaces Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹401 Cr, net loss ₹23 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Indiqube Spaces Ltd Q1 FY27 results?

Indiqube targets annual addition of ~2 million sq ft managed workspace area, maintaining steady growth in operational footprint. Steady state occupancy expected between 86%-90%, supporting stable margins without significant pressure.

What is Indiqube Spaces Ltd share price analysis?

Indiqube Spaces Ltd currently shows a below-average growth signal. The stock trades at a P/E of N/A with a market cap of ₹3,817 Cr. Investors should review the full earnings analysis for detailed insights.

Is Indiqube Spaces Ltd planning capital expenditure?

Indiqube plans to add another 25 to 30 megawatts of solar capacity this year, requiring capital expenditure of approximately INR 100-120 crores.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.