Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Indiqube Spaces
Quarter-by-quarter operating performance
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 242 | 252 | 268 | 297 | 309 | 350 | 390 | 401 |
| Expenses + | 98 | 107 | 110 | 127 | 121 | 142 | 153 | 153 |
| Operating Profit | 144 | 145 | 158 | 170 | 188 | 208 | 237 | 248 |
| OPM % | 59% | 57% | 59% | 57% | 61% | 59% | 61% | 62% |
| Other Income + | 9 | 12 | 13 | 10 | 15 | 16 | 21 | 24 |
| Interest | 74 | 79 | 86 | 91 | 110 | 107 | 112 | 119 |
| Depreciation | 118 | 122 | 117 | 130 | 143 | 156 | 169 | 177 |
| Profit before tax | -39 | -44 | -33 | -41 | -50 | -39 | -23 | -24 |
| Tax % | 7% | 20% | -58% | -24% | -26% | -23% | -26% | -5% |
| Net Profit + | -42 | -53 | -14 | -31 | -37 | -30 | -17 | -23 |
| EPS in Rs | -2.01 | -1.42 | -0.81 | -1.07 |
Financials of Indiqube Spaces
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 240 | 294 | 344 | 580 | 831 | 1,059 | 1,451 |
| Expenses + | 216 | 252 | 214 | 343 | 604 | 443 | 569 |
| Operating Profit | 24 | 42 | 130 | 237 | 226 | 617 | 881 |
| OPM % | 10% | 14% | 38% | 41% | 27% | 58% | 61% |
| Other Income + | 0 | 1 | 11 | 22 | 37 | 44 | 77 |
| Interest | 18 | 22 | 143 | 188 | 256 | 330 | 448 |
| Depreciation | 25 | 37 | 221 | 298 | 392 | 487 | 645 |
| Profit before tax | -19 | -16 | -224 | -228 | -385 | -157 | -136 |
| Tax % | -16% | 0% | -16% | -13% | -11% | -11% | -22% |
| Net Profit + | -16 | -16 | -188 | -198 | -342 | -140 | -106 |
| EPS in Rs | -5.02 | ||||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Indiqube Spaces
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.16 | 0.16 | 0.16 | 0.18 | 0.18 | 13 | 21 |
| Reserves | 65 | 49 | -139 | -308 | 129 | -23 | 494 |
| Borrowings + | 121 | 154 | 2,160 | 2,926 | 3,050 | 4,095 | 5,207 |
| Other Liabilities + | 264 | 245 | 262 | 352 | 489 | 600 | 790 |
| Total Liabilities | 450 | 448 | 2,284 | 2,969 | 3,668 | 4,685 | 6,511 |
| Fixed Assets + | 248 | 238 | 2,006 | 2,546 | 3,085 | 3,955 | 5,213 |
| CWIP | 0 | 0 | 26 | 24 | 79 | 114 | 96 |
| Investments | 2 | 2 | 2 | 1 | 1 | 0 | 0 |
| Other Assets + | 200 | 208 | 250 | 398 | 503 | 616 | 1,202 |
| Total Assets | 450 | 448 | 2,284 | 2,969 | 3,668 | 4,685 | 6,511 |
Financials of Indiqube Spaces
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 47 | 39 | 202 | 324 | 542 | 612 | 920 |
| Cash from Investing Activity + | -105 | -53 | -47 | -174 | -193 | -259 | -737 |
| Cash from Financing Activity + | 34 | 14 | -176 | -149 | -365 | -337 | -178 |
| Net Cash Flow | -24 | -1 | -21 | 1 | -15 | 15 | 6 |
| Free Cash Flow | -56 | -15 | 155 | 152 | 353 | 355 | 494 |
| CFO/OP | 250% | 93% | 160% | 141% | 231% | 101% | 108% |
Financials of Indiqube Spaces
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 18 | 26 | 27 | 21 | 26 | 27 | 28 |
| Inventory Days | 3 | ||||||
| Days Payable | 304 | ||||||
| Cash Conversion Cycle | 18 | 26 | 27 | 21 | 26 | 27 | -273 |
| Working Capital Days | -176 | -167 | -307 | -207 | -200 | -208 | -193 |
| ROCE % | 4% | -7% | -2% | -4% | 5% | 6% |
Radiant Acemoney has a healthy order pipeline for the current and next quarters, with 60%-70% already in the order book. Key concall takeaways from Radiant…
Movement Hire volumes grew 8% in Q1 FY27, moving from 711,000 to 766,000 pallets. Key concall takeaways from Leap India Ltd's Q1 FY27 earnings call — and how…
170 crores to Rs. Key concall takeaways from Creative Newtech Ltd's Q4 FY24 earnings call — and how it ranks against sector peers.
Long-term goal: Annual PAT growth of 30%-40%, improve EBIT margins, and achieve INR2,000 crores revenue with 4%-4.5% EBIT margin in future years. Key concall…