Coworking space provider IndiQube posted yet another loss-making quarter, with its loss widening 25% to ₹17.1 Cr in Q3 FY26 from ₹13.7 Cr in the year-ago quarter. However, the company managed to trim its loss by 43% from ₹30 Cr in the preceding September quarter. Operating revenue surged 45% YoY and 11% QoQ to ₹389.9 Cr. Including other income of ₹21.2 Cr, total income for the quarter stood at ₹411.1 Cr. IndiQube said that it reported its best quarterly revenue in the quarter. Meanwhile, total expenses grew 39% YoY to ₹434.2 Cr. The company received a tax credit of ₹6 Cr during the quarter under review. In its statement, the company claimed that its net profit for the quarter stood at INR 40 Cr, as per IGAAP, with an EBITDA of INR 81 Cr and EBITDA margin of 21%. It added that the variance between Ind AS and IGAAP-equivalent reporting arises mainly from non-cash accounting impacts, primarily on account of Ind AS 116, such as depreciation on right-of-use (ROU) assets and interest on lease liabilities. “These adjustments are purely accounting in nature and do not affect the company’s underlying operating strength. IndiQube’s core business continues to demonstrate robust profitability and… Read MoreInc42 Media
