IndiQube Spaces Limited, one of India’s leading integrated managed spaces platform, has announced its financial results for Q1 FY27.

Commenting on the results Rishi Das, Co-founder & CEO, IndiQube, said, “Q1 FY27 marks a very strong start to the year, with IndiQube delivering its highest ever quarterly revenue of ₹428 crore, reflecting 37% YoY growth. What is equally encouraging is the quality of this growth, with profitability strengthening across every key metric.

EBITDA increased 34% to ₹87 crore, EBIT grew 59% to ₹55 crore, and PAT grew 91% to ₹35 crore. EBITDA margins remained healthy at 20%, while EBIT and PAT margins improved to 13% and 8% respectively, demonstrating the operating leverage inherent in our platform as we continue to scale. With this momentum, we remain focused on maintaining a healthy balance of scale, profitability & capital efficiency.”

Meghna Agarwal, Co-founder, IndiQube, added, “Our operating performance in Q1 FY27 reflects the increasing depth and efficiency of the IndiQube platform. Steady state occupancy strengthened to 90% and overall occupancy improved to 86%, underscoring healthy customer demand and improved utilization across the portfolio.

Value Added Services also continued to scale rapidly, with VAS revenue reaching ₹72 crore and its contribution to operating revenue increasing from 11% to 17%. The combination of a growing physical network, improving occupancy and a richer services mix gives us confidence in the operating trajectory of the business, and we remain optimistic about sustaining this momentum.”

Q1FY27 Key Financial Highlights:

• Revenue: ₹428 Cr, growing at 37% YoY
• EBITDA : ₹87 Cr, with YoY growth of 34% | EBITDA Margin: 20%
• EBIT : ₹55 Cr, growing at 59% YoY | EBIT Margin: 13%
• Profit After Tax: ₹35 Cr, with YoY growth of 91% | PAT Margin: 8%

Q1FY27 Key Operational Highlights:

• Area Under Management: Increased by 1.91 Mn sq. ft. YoY, to 10.61 Mn sq. ft.
• Seat Capacity: Increased by 43 K seats to 236 K Seats
• Center Additions: Added 17 new centers YoY
• Current Portfolio: 137 properties across 17 cities pan-India
• Occupancy: Healthy 90% steady state center occupancy

Credit Rating: CRISIL ‘A+’ (Stable) rating, reaffirming financial strength