Indiqube Spaces Limited — Investor Meet, 13-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

IndiQube Spaces reported strong financial results for the quarter and half-year, with revenue up 38% YoY to INR354 Cr and EBITDA up 74% to INR75 Cr. PAT margins improved to 8%. Cash flow from operations more than doubled to INR151 Cr, underscoring healthy profitability. Value-added services now contribute 13% of revenue.

The company's total area under management is 9.14 million sq ft, with 3.34 million sq ft in headroom expected to be operational in 18-24 months. Occupancy stands robust at 87%. Management anticipates 30-35% top-line growth for the next two years, driven by its signed portfolio. Strategic focus includes expanding solar energy capabilities, tech innovations like AI-powered transport, and continued growth in Tier 1 and 2 cities following the 'talent' strategy. The company expects to be free cash flow positive by FY27.