IndiQube’s net loss for Q4 FY26 narrowed 28% to ₹22.6 Cr from ₹31.3 Cr in the same period last year
Operating revenue for the quarter under review increased 49% to ₹401.5 Cr from ₹269.9 Cr in the year ago period
The company’s total expenses stood at ₹449.6 Cr in Q4 FY26
Coworking space provider IndiQube’s net loss for the fourth quarter ending March 2026 (Q4 FY26) narrowed 28% to ₹22.6 Cr from ₹31.3 Cr in the same period last year. However, on a QoQ basis, net loss increased 32.2% from ₹17.1 Cr incurred in the previous quarter.
Operating revenue for the period under review increased 49% to ₹401.5 Cr from ₹269.9 Cr in the year ago period. Sequentially, it increased 3% from ₹389.9 Cr.
Including other income of ₹24.2 Cr, its total income stood at ₹425.7 Cr in Q4 FY26.
The company’s total expenses for the period stood at ₹449.6 Cr.
For the full fiscal year FY26, its revenue increased 37% to ₹1,450.8 Cr from ₹1,059.3 Cr in the year-ago period. Meanwhile, its net loss declined 23.9% to ₹106.3 Cr from ₹139.6 Cr in FY25.
On an IGAAP-equivalent basis, the company reported Q4 FY26 revenue of ₹407 Cr, up 36% YoY, while EBITDA rose 17% to ₹80 Cr. PAT for the quarter increased 12% YoY to ₹30 Cr from ₹26 Cr.
The company said EBITDA margin expanded to 21% in FY26 from 18% in FY25, while PAT margin improved to 9% from 5%.
Management attributed the reported Ind AS losses primarily to non-cash depreciation on right-of-use assets and lease liability-related interest expenses under Ind AS 116. The total accounting impact under the standard stood at ₹270 Cr during FY26. The company also paid ₹21.7 Cr in current income tax during the fiscal year.
Operationally, IndiQube
expanded during FY26, entering two new cities and adding 15 new centres. As of March 31, 2026, the company operated across 17 cities with 130 properties, managing 9.66 Mn sq. ft. of area under management (AUM) and over 215,000 seats.
The company maintained a steady-state occupancy rate of 88% for centres older than 12 months and said it has an occupancy headroom of 3.3 Mn sq. ft.
During the quarter, IndiQube signed several large enterprise deals, including:
Value-added services (VAS), including F&B, facility management, and transport services, generated ₹218 Cr in FY26 and contributed 15% of operational revenue, compared to 12% a year earlier.
The company’s client base stood at 848, with 44% comprising multi-centre clients contributing 42% of revenue. GCC, IT, and ITeS companies accounted for 63% of the portfolio mix.
Source: Inc42 - Startups
