IndiQube Areas Restricted, a listed tech-enabled workspace options supplier, introduced its monetary outcomes for the quarter and half yr ended September 30, 2025 (Q2 FY26), attaining its highest-ever half-yearly income.

The corporate’s whole revenue for H1 FY26 stood at Rs 691 crore below Ind AS, with Rs 659 crore in income from operations, in contrast with Rs 673 crore whole revenue and Rs 668 crore in income from operations below IGAAP-equivalent reporting.

For the September quarter, IndiQube recorded whole revenue of Rs 367 crore below Ind AS and Rs 360 crore below IGAAP equal.

Income from operations in Q2 FY26 was Rs 354 crore below IGAAP equal. On profitability, the corporate reported a Q2 revenue after tax of Rs 28 crore below IGAAP-equivalent reporting, in contrast with an Ind AS lack of Rs 30 crore for the quarter.

For the half yr, Ind AS revenue after tax stood at a lack of Rs 67 crore, reflecting the lease accounting changes below Ind AS 116. Notably, working money flows improved to Rs 151 crore in H1 FY26.

EBITDA efficiency remained robust, with a Q2 EBITDA margin of 21% below IGAAP-equivalent reporting and an Ind AS-reported EBITDA margin of 59% (Rs 208 crore) for a similar quarter (Q2 FY26).

IndiQube famous that the variance between Ind AS and IGAAP-equivalent outcomes arises primarily from non-cash accounting changes below Ind AS 116, together with depreciation on right-of-use (ROU) property and curiosity on lease liabilities. These changes, the corporate stated, are purely accounting in nature and don’t have an effect on its underlying enterprise energy or money place.

In H1 FY26, whole bills had been Rs 779 crore below Ind AS, in contrast with Rs 611 crore below IGAAP-equivalent accounting.

Operationally, IndiQube expanded its nationwide footprint through the first half. Its space below administration elevated by practically 1.3 million sq. ft. year-on-year to 9.14 million sq. ft., whereas seat capability rose by 30,000 to 2.03 lakh.

The corporate added 22 new centres over the previous yr and entered three new cities, together with Indore, Kolkata, and Mohali, taking its whole presence to 125 properties throughout 16 cities. Portfolio occupancy remained at 87%.

Amongst main shopper wins through the September quarter had been a 1.4 lakh sq. ft. workspace lease in Bengaluru for the world’s largest asset supervisor and a 68,000 sq. ft. design-and-build challenge in Hyderabad for certainly one of India’s largest automakers.

“We had some massive wins this quarter, together with a 1.4 lakh sq. ft. signup in workspace leasing in Bangalore to the world’s largest asset supervisor and a 68,000 sq. ft. Design & Construct challenge in Hyderabad for certainly one of India’s largest automakers. Offers like these reinforce IndiQube as a most popular workspace associate for giant enterprises. We’re additionally excited to be closing H1 FY26 with a wholesome occupancy of 87% at a portfolio degree. This coupled with a PAN India presence in 16 cities & addition of Indore this quarter, units us up firmly for an thrilling H2,” stated Meghna Agarwal, Co-founder, IndiQube.