IndiQube Delivers Record-Breaking Quarter with 303% Profit Growth Workspace solutions provider IndiQube has reported a standout performance in the first quarter of FY26, with net profit soaring 303%
Workspace solutions provider IndiQube has reported a standout performance in the first quarter of FY26, with net profit soaring 303% year-on-year to ₹18.5 crore. The sharp jump in profitability is supported by robust recurring revenue, operational efficiency, and strategic use of technology across its operations.
The Bengaluru-based company posted its highest-ever IGAAP-equivalent quarterly revenue of ₹313 crore, marking a 27% increase from the same period last year, according to Rishi Das, co-founder and CEO of IndiQube.
A key highlight of IndiQube’s Q1 performance was the 98% recurring nature of its revenue, a testament to the strength of its long-term partnerships and client retention. This model provides a predictable income stream, reducing financial volatility and positioning the company for sustainable growth.
“We posted our highest-ever IGAAP-equivalent quarterly revenue of ₹313 crore, reflecting a 27% year-on-year increase,” said Das. “With 98% of this revenue being recurring, we are building on a strong, stable foundation for the future.”
The consistency in revenue has allowed IndiQube to scale its operations effectively while maintaining financial discipline—resulting in the impressive rise in EBITDA, which nearly doubled to ₹65 crore from ₹33 crore in Q1 FY25.
Meghna Agarwal, co-founder of IndiQube, emphasised that technology continues to play a central role in the company’s growth and operational agility. From automated space management systems to real-time analytics and digital customer interfaces, IndiQube leverages tech innovations to enhance both internal efficiencies and client satisfaction.
“Technology is not just a support function for us; it’s embedded across all our verticals—from workspace design to facility management,” said Agarwal. “It allows us to operate at scale, respond faster to client needs, and ensure consistency in service delivery.”
By integrating smart technology and automation, the company has also streamlined customer onboarding, maintenance workflows, and feedback loops, reducing turnaround times and increasing operational transparency.
In an industry that has seen significant shifts due to changing work habits, IndiQube has managed to not only adapt but thrive, thanks to its flexible workspace model and disciplined strategy execution. The 303% increase in net profit—from ₹4.6 crore in Q1 FY25 to ₹18.5 crore in Q1 FY26—reflects the company’s ability to scale profitably.
“We’re demonstrating that a scalable, tech-led model in the flexible workspace industry is not only viable but can be highly profitable when executed with discipline,” said Das.
This success comes at a time when demand for hybrid workspaces, satellite offices, and managed office solutions continues to rise. IndiQube’s value proposition of customized, full-stack office space solutions for enterprises, startups, and MNCs has helped it capture a significant market share in key cities.
With a growing presence in metro cities like Bengaluru, Hyderabad, Pune, Chennai, and NCR, IndiQube continues to expand its footprint, adding new centres to meet rising demand. Its asset-light model allows for rapid scaling while keeping capital expenditures in check.
The company’s expansion strategy focuses on tier-1 and emerging tier-2 cities, targeting high-growth business clusters and leveraging data-driven insights to identify ideal locations. As of Q1 FY26, IndiQube operates over 6 million sq. ft. of workspace across more than 100 centres, serving over 500 clients.
Looking forward, the leadership remains optimistic about the company’s trajectory. With India’s flexible workspace industry projected to grow at a CAGR of 15–18% over the next five years, IndiQube is well-positioned to capitalize on this momentum.
“The first quarter of FY26 is a strong indicator of where IndiQube is heading. Our focus will remain on technology, client experience, and operational scalability,” said Agarwal. “We’re not just creating workspaces; we’re building an ecosystem that supports modern businesses with flexibility, reliability, and innovation.”
The company also plans to enhance its tech stack, invest in AI-driven space optimisation, and explore new strategic partnerships that align with its customer-first philosophy.
IndiQube’s Q1 FY26 performance is a compelling demonstration of how a well-balanced blend of technology, recurring revenue, and operational discipline can drive exponential growth—even in a challenging macroeconomic climate. With its strong leadership, data-driven approach, and customer-centric mindset, IndiQube is poised to continue its upward trajectory and reshape India’s flexible workspace landscape.
