Indiqube Spaces Limited — PPTs, 12-08-2025: Investor Presentation

Here's a summary of Indiqube Spaces Limited's recent updates:

**1. Financial Highlights:**

Indiqube reported its highest-ever quarterly revenue of ₹313 Cr in Q1 FY26, with 98% recurring revenue. Profit After Tax (PAT) surged to ₹18.5 Cr. EBITDA margin expanded to 21% (up from 13% YoY), PAT margin reached 6% (up from 2% YoY), and ROE stood at 27%. Adjusted Cash EBIT for the quarter was ₹52 Cr, up from ₹28 Cr in Q1 FY25, reflecting strong operational cash generation.

**2. Strategic Initiatives & Growth Drivers:**

The company is focused on revolutionizing real estate consumption through flexible, tech-enabled workspace solutions, including 'Grow' plug-and-play spaces and 'Cornerstone' asset transformation. Its MiQube App has over 83,000 downloads, highlighting technology's role. Sustainability is a key driver, with a 20 MW solar farm saving ₹0.68 Cr monthly in power costs and extensive green certifications.

**3. Business Developments:**

Indiqube recently listed on Indian stock exchanges, marking a significant milestone. It expanded its pan-India footprint to 8.70 Mn sq.ft. across 120 centers in 15 cities. Occupied area grew 24% YoY, leading to an overall occupancy of 85%. The company serves 789 clients, with 60% being Indian companies and 40% GCCs, maintaining an impressive 37-month average client lock-in.

**4. Market Position & Competitive Advantage:**

Indiqube is positioned as a market leader in flexible workspaces. Its model focuses on full buildings (62% of AUM) and renovated assets (29%), with 79% of centers within 3 KM of metro stations. Long-term landlord lock-ins (10-20 years) provide stability. The company's CRISIL A+ rating reflects strong underlying profitability and operational resilience.

**5. Investor Implications:**

The robust Q1 FY26 financial performance, driven by expanding operations and strong recurring revenue, indicates positive growth potential. The management's focus on transparent IGAAP-equivalent results helps investors understand underlying business profitability. The company’s strategic emphasis on technology, sustainability, and long-term partnerships suggests a strong foundation for continued expansion in India's growing flexible workspace market.