IndiQube Areas Restricted, a listed tech-enabled workspace resolution supplier, introduced its monetary outcomes for the third quarter and 9 months ended December 31, 2025.

In Q3 FY26, IndiQube reported income of Rs 395 crore, a forty five% soar in comparison with the identical quarter final 12 months. For the 9 months of FY26, income stood at Rs 1,063 crore, displaying a year-on-year progress of 37%. Whole revenue for the quarter stood at Rs 403 crore.

The Bengaluru-based firm continued to profit from excessive earnings visibility, with recurring revenues contributing 94% of the whole income combine.

Revenue after tax confirmed important enchancment throughout the interval. Q3 FY26 PAT was Rs 40 crore, rising 214% year-on-year. For the 9 months of FY26, PAT elevated to Rs 95 crore, registering a year-on-year progress of 284%. Return on Capital Employed (ROCE) improved to 23% in Q3 FY26 in comparison with 15% in Q3 FY25. The debt-to-equity ratio additionally improved sharply to 0.15 from 0.80 in the identical interval final 12 months.

“Our Bespoke Design & Construct providing continues to achieve robust traction, with ~66,000 sq. ft. signed throughout two initiatives in Guwahati and Chennai. This momentum reaffirms our skill to scale worth added companies past our core leasing footprint and handle a wider spectrum of enterprise necessities,” stated Meghna Agarwal, Co-founder of IndiQube.

“We additionally leased ~38,000 sq. ft. of workspace in Bangalore to considered one of India’s oldest regulation corporations. Transactions like these reinforce IndiQube as a most popular workspace options accomplice for big enterprises,” Agarwal added.

On the operational entrance, IndiQube elevated its space below administration by almost 1.5 million sq. toes year-on-year to 9.55 million sq. toes. Seat capability rose by round 33,000 seats to 212,000 seats. The corporate entered three new cities, Bhubaneswar, Indore, and Kolkata, and added 21 new centres throughout the 12 months.

As of December 31, 2025, IndiQube had a portfolio of 129 properties throughout 17 cities with a wholesome occupancy degree of 84%.

Whereas the corporate reported robust working efficiency, it recorded a notional loss below Ind AS reporting because of accounting changes. Throughout the 9 months of FY26, IndiQube had a present tax expense of Rs 13 crore, however below Ind AS it reported an EBITDA margin of 61% amounting to Rs 237 crore and a internet lack of Rs 17 crore.

This distinction arose primarily from non-cash accounting impacts below Ind AS 116, together with depreciation on right-of-use belongings and curiosity on lease liabilities.

The corporate clarified that these changes are purely accounting in nature and don’t affect its underlying working power.