Indiqube Spaces Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 31 May 2026 | Commercial Services & Supplies | Market Cap: ₹3.8K Cr
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.
Price
₹189
Market Cap
₹3.8K Cr
Revenue Rank
Margin Rank
How does Indiqube Spaces Ltd rank in Commercial Services & Supplies?
Compare Indiqube Spaces Ltd against every Commercial Services & Supplies company this quarter on revenue, margins and earnings-call signals.
Indiqube Spaces Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹401 Cr, net profit ₹-23 Cr.
Full financials →📊 Revenue & Sales Performance
Rank 2- →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.
- →Growth in key micro markets continues but with prudent supply additions to maintain property defensibility and quality relationships with landlords.
- →Solar power capacity expansions (30-35 megawatts added per year) support operational efficiencies, enabling sustainable growth.
📈 Profitability & Margins
Rank 3- →Revenue growth guidance for FY27 is in the range of 25% to 30%.
- →EBITDA margin expected to be between 18% and 21%.
- →PAT expected to be in the range of 8% to 10%.
- →Occupied area to increase by approximately 1.5 to 2 million square feet annually, supporting revenue growth.
- →Occupancy levels anticipated to be around 80%-85% overall and 85%-90% at mature centers.
- →Stable lease payments expected to grow in line with revenue.
- →CAPEX planned to be consistent with area addition, estimated at about INR 1650 per square foot.
- →Additional investments planned in solar power for sustainability, contributing to cost savings.
- →Management focused on sustainable, quality growth rather than rapid, aggressive expansion.
🏗️ Capital Expenditure Plans
Yes- →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
- →Capex guidance linked to area addition with per sq.ft CAPEX ~INR 1650
- →Strategic caution on rapid growth to maintain sustainable growth and landlord relationships
💰 Fundraising & Capital Structure
No information- →The transcript excerpt from IndiQube Spaces Limited as of May 21, 2026, does not mention any immediate or planned new fundraising through debt or equity.
- →Rishi Das refers to IPO proceeds of INR 610 crores raised earlier, with INR 462 crores allocated toward CAPEX, but no mention of further fundraising.
- →Reallocation of IPO funds is discussed for various capital expenditures like design-and-build, solar CAPEX, and security deposits.
- →Debt repayment plans remain unchanged, indicating no upcoming debt raising.
- →The management emphasizes prudent, sustainable growth and a cautious expansion approach, suggesting no urgency for new funding rounds.
- →Overall, no explicit current or future fundraising plans through debt or equity are disclosed in the available call transcript.
📋 Order Book & Pipeline
No informationKey Metrics
Revenue
Margin
Capex
Fundraise
Order Book
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 concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.