Indiqube Spaces Ltd
Indiqube Spaces Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
IndiQube expects about 30% revenue growth over the next two financial years, driven by new area additions and signed-up capacity becoming operational. IndiQube expects to sustain a revenue growth rate of approximately 30%-35% annually over the next two financial years.
From Indiqube Spaces Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- IndiQube expects about 30% revenue growth over the next two financial years, driven by new area additions and signed-up capacity becoming operational.
- The company aims to sustain a 30%-35% growth rate in managed office spaces based on current supply stock.
- Design and build segment anticipated to contribute to growth; expecting 1.5 to 2 lakh sq ft of design and build leasing in next two quarters.
- Value Added Services (VAS) revenue contribution projected to increase from 13% to at least 15% in the next financial year.
- Expansion into Tier 2 cities supported by existing clients; larger building acquisitions planned as confidence builds.
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Profitability & Margins
See what Indiqube Spaces Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Current capex for H1 FY'26 is about INR179 crores, with a similar amount expected in H2 FY'26, totaling around INR350-360 crores for the year. (Page 15)
- Capex per square foot is approximately INR1,517, with an expected inflation of 2-4% year-on-year. (Page 16)
- Capex includes advances for future projects, repayments of prior invoices, interior fit-outs, solar installations, and fit-outs under financial leases. (Page 15)
- Planned capex remains in a similar range for FY'27, with gradual spending as new areas become operational over 18-24 months. (Page 15)
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Top-ranked in Commercial Services & Supplies
Ranked on what management guided this quarter
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
- IndiQube currently has a signed portfolio of about 9.14 million square feet, representing approximately 2,03,000 seats.
- Out of this, 5.8 million square feet is rent-yielding area, equivalent to around 1,28,000 seats.
- This gives IndiQube a headroom of approximately 3.34 million square feet for future growth.
- Specifically, in the design-and-build segment, approximately 1.5 lakh to 2 lakh square feet are in the leasing pipeline for the next two quarters.
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Indiqube Spaces Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹401 Cr, net loss ₹23 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Indiqube Spaces Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Indiqube Spaces Ltd Q2 FY26 results?
IndiQube expects about 30% revenue growth over the next two financial years, driven by new area additions and signed-up capacity becoming operational. IndiQube expects to sustain a revenue growth rate of approximately 30%-35% annually over the next two financial years.
What is Indiqube Spaces Ltd share price analysis?
Indiqube Spaces Ltd currently shows a neutral. 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?
Current capex for H1 FY'26 is about INR179 crores, with a similar amount expected in H2 FY'26, totaling around INR350-360 crores for the year.
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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.