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Indiqube Spaces Ltd

Q4 FY26Commercial Services & Supplies

Indiqube Spaces Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹189
Market cap₹3.8K Cr
Updated23 Aug 2026
Read4 min read

What the Q4 FY26 call signalled

2 of 3 strong

RevenueGood growth
MarginMargins steady
CapexCapex planned

The short version

IndiQube expects to add approximately 1.5 to 2 million square feet of rent-paying area annually, translating to 33,000 to 44,000 seats added each year. Revenue growth guidance for FY27 is in the range of 25% to 30%.

From Indiqube Spaces Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Good growth
  • IndiQube expects to add approximately 1.5 to 2 million square feet of rent-paying area annually, translating to 33,000 to 44,000 seats added each year.
  • Occupancy levels are expected to be maintained around 80% to 85% on a portfolio basis, with mature centers achieving 85% to 90%.
  • Revenue growth guidance remains strong, with an anticipated top-line growth of 25% to 30% year-on-year.
  • EBITDA margins are expected to remain healthy, targeting a range between 18% to 21%.
  • VAS (Value-Added Services) revenue contribution is projected to increase from 15% to around 17%-18%, driven by expanded scope beyond IndiQube buildings.

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Profitability & Margins

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

Capital Expenditure Plans

Capex planned
  • Reallocation of IPO proceeds INR 462 crores CAPEX:
  • INR 187 crores moved to other capital assets (design-and-build, etc.)
  • INR 55 crores for interior CAPEX (design-and-build projects)
  • INR 16 crores for solar CAPEX (green energy investments)
  • INR 52 crores for security deposits for real estate from landlords
  • INR 64 crores reserved for investments in real estate or adjacent ventures
  • Total CAPEX for FY26 increased to around INR 413-414 crores (includes interiors, design-build, solar, vendor payments)
  • Solar power investments:
  • 4 MW plant operational in Maharashtra, 2.7 MW coming up in Tamil Nadu, 20 MW operational in Karnataka
  • Additional 30-35 MW solar power CAPEX planned for next year (~INR 125-150 crores)
  • Focus on green power in three states: Karnataka, Maharashtra, Tamil Nadu

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Top-ranked in Commercial Services & Supplies

Ranked on what management guided this quarter

Guidance-ranked
1Happy Square
Rev 1Mar 1
Rev 2Mar 1
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
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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

The transcript does not explicitly mention the exact current or expected order book or pending orders for IndiQube Spaces Limited. However, related insights can be summarized as follows: - IndiQube manages an Area Under Management (AUM) of approximately 9.6 million sq. ft., with 6.3 million sq. ft. currently rent-yielding. - They expect to add 1.5 to 2 million sq. ft. annually to the rent-paying area, translating to about 33,000 to 44,000 seats per year. - Occupancy is projected in the range of 80%-85% overall, with mature centers at 85%-90%. - Monthly rent-yielding area additions are around 1 lakh to 1.25 lakh sq. ft.

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Indiqube Spaces Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

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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Frequently Asked Questions

What were Indiqube Spaces Ltd Q4 FY26 results?

IndiQube expects to add approximately 1.5 to 2 million square feet of rent-paying area annually, translating to 33,000 to 44,000 seats added each year. Revenue growth guidance for FY27 is in the range of 25% to 30%.

What is Indiqube Spaces Ltd share price analysis?

Indiqube Spaces Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of N/A with a market cap of ₹3,816 Cr. Investors should review the full earnings analysis for detailed insights.

Is Indiqube Spaces Ltd planning capital expenditure?

Reallocation of IPO proceeds INR 462 crores CAPEX: - INR 187 crores moved to other capital assets (design-and-build, etc.) - INR 55 crores for interior CAPEX (design-and-build projects) - INR 16

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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.