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Indiqube posts Rs 472 Cr revenue in Q2 FY27; losses narrow 80%

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Indiqube posts Rs 472 Cr revenue in Q2 FY27; losses narrow 80%

Managed workspace solutions provider IndiQube announced its Q2 FY27 financial results today, reporting a 35% year-on-year increase in operating revenue. The Bengaluru-based company’s net loss narrowed 80% to Rs 5.90 crore in the quarter ended September 2026.

IndiQube’s revenue from operations rose to Rs 472 crore in Q2 FY27 from Rs 350 crore in Q2 FY26, according to financial statements sourced from the National Stock Exchange (NSE).

In the first half of FY27, IndiQube’s revenue from operations grew 35.7% to Rs 895 crore from Rs 659.5 crore in the corresponding period of FY26.

Founded in 2015, IndiQube offers managed workspace solutions to startups, enterprises and SMEs across major Indian cities. The company also recorded Rs 20 crore in other income during the quarter, taking its total income to Rs 492 crore compared to Rs 367 crore in the corresponding quarter last year.

For the managed office provider, depreciation on leases remained its largest cost component, increasing 25% year-on-year to Rs 195 crore in Q2 FY27. Finance costs stood at Rs 129 crore, while employee benefit expenses declined marginally to Rs 24.5 crore.

Meanwhile, the cost of materials increased 11.5% to Rs 29 crore from Rs 26 crore in the corresponding quarter last year. Overall, IndiQube’s total expenses increased 23.5% year-on-year to Rs 500 crore in Q2 FY27 from Rs 405 crore in Q2 FY26.

90 crore in the year-ago quarter.



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