Indiqube FY26 PAT Rises 145% to Rs 125 Cr
Indiqube Spaces Limited announced its audited financial results for FY26, reporting a 145% rise in PAT to Rs 125 crore. Total income increased to Rs 1,491 crore, and revenue from operations grew 37% to Rs 1,469 crore. The board approved the results on May 20, 2026, with newspaper publication scheduled for May 21, 2026.
*this image is generated using AI for illustrative purposes only.
Indiqube Spaces Limited has announced its audited financial results for the fiscal year ended March 31, 2026. The company reported a total income of Rs 1,491 crore for the full year, an increase from Rs 1,102.93 crore in the previous year. Revenue from operations rose 37% year-on-year to reach Rs 1,469 crore. The company reported a Profit After Tax (PAT) of Rs 125 crore for FY26, compared to Rs 51 crore in the previous year. The board approved the audited standalone financial results in a meeting held on May 20, 2026.
Financial Performance
The company reported a net profit of Rs 125 crore for the year ended March 31, 2026, under IGAAP equivalent reporting standards, compared to a net profit of Rs 51 crore in the previous year. Under Ind AS reporting standards, the company reported a net loss of Rs 106.42 crore, attributed to non-cash accounting adjustments including depreciation on Right-of-Use assets and interest on lease liabilities. The operating cash flow for FY26 stood at Rs 304 crore.
| Metric | Year ended March 31, 2026 | Year ended March 31, 2025 |
|---|---|---|
| Total Income | Rs 1,491 Cr | Rs 1,102.93 Cr |
| Revenue from Operations | Rs 1,469 Cr | Rs 1,059.29 Cr |
| PAT (IGAAP Equivalent) | Rs 125 Cr | Rs 51 Cr |
| Net Loss (Ind AS) | (Rs 106.42 Cr) | (Rs 139.62 Cr) |
| Operating Cash Flow | Rs 304 Cr | Rs 611.65 Cr |
Q4 Performance
For the quarter ended March 31, 2026, Indiqube Spaces recorded a notable improvement in its standalone results. Revenue came in at Rs 415 crore, up from Rs 301 crore in the corresponding quarter of the previous year. The net profit for the quarter stood at Rs 30 crore, compared to a net profit of Rs 26 crore year-on-year.
| Metric | Q4 FY26 | Q4 FY25 |
|---|---|---|
| Revenue | Rs 415 Crore | Rs 301 Crore |
| PAT | Rs 30 Crore | Rs 26 Crore |
Operational Highlights
The company expanded its presence to 17 cities with 130 properties, covering over 9.66 million sq. ft of office space. The steady state occupancy improved to 88% for the year. The newspaper publication of the audited financial results for the quarter and year ended March 31, 2026, was scheduled in Financial Express and Vishwavani on May 21, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Indiqube Spaces
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.32% | +17.18% | +2.82% | -14.17% | -19.26% | -19.26% |
How might Indiqube Spaces plan to bridge the gap between its IGAAP-equivalent profit and Ind AS net loss as its lease portfolio matures and Right-of-Use asset depreciation normalizes?
With occupancy already at 88% across 9.66 million sq. ft, what expansion targets and new city markets is Indiqube Spaces likely to pursue to sustain its 37% revenue growth trajectory?
Given the significant drop in operating cash flow from Rs 611 crore in FY25 to Rs 304 crore in FY26, what factors drove this decline and how could it impact the company's ability to fund future property acquisitions?
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