IndiQube Spaces, the Bengaluru-based realty firm operating coworking centres across India, posted a net loss of ₹23.88 crore for the quarter ended June, narrowing from a net loss of ₹36.75 crore in the year-ago period, according to a regulatory filing covered by PTI. The company's total income rose to ₹448.81 crore in the first quarter of this fiscal from ₹324.12 crore in the corresponding period of the preceding year, the filing said. Expenses increased to ₹479.32 crore from ₹374.08 crore during the period under review.
Quarterly financial results
The net loss narrowed by ₹12.87 crore from the year-ago period. The company's total income rose to ₹448.81 crore from ₹324.12 crore, while expenses increased to ₹479.32 crore from ₹374.08 crore, according to the regulatory filing.
| Metric | Quarter ended June (current) | Quarter ended June (year-ago) |
|---|---|---|
| Net loss | ₹23.88 crore | ₹36.75 crore |
| Total income | ₹448.81 crore | ₹324.12 crore |
| Expenses | ₹479.32 crore | ₹374.08 crore |
Key changes in the quarter:
- Net loss narrowed from ₹36.75 crore to ₹23.88 crore
- Total income increased from ₹324.12 crore to ₹448.81 crore
- Expenses increased from ₹374.08 crore to ₹479.32 crore
On a year-on-year basis, the absolute increase in total income was ₹124.69 crore, while the absolute increase in expenses was ₹105.24 crore. The larger absolute increase in income, compared with expenses, is reflected in the narrower net loss.
Operating footprint and company background
IndiQube Spaces operates 137 coworking centres across 17 cities pan-India, the filing said. It has 10.61 million sq ft of area under management. The company is headquartered in Bengaluru and operates in the managed office and coworking segment.
- 137 coworking centres
- 17 cities across India
- 10.61 million sq ft area under management
Bengaluru-based IndiQube reported these operational metrics in the same regulatory filing that contained its first-quarter financial results.
Income and expense trends
Total income grew approximately 38.5% year-on-year, while expenses rose approximately 28.1%. The company's expenses exceeded its total income by ₹30.51 crore in the quarter ended June, leaving it with a net loss of ₹23.88 crore.
IndiQube Spaces narrowed its net loss to ₹23.88 crore in the quarter ended June from ₹36.75 crore a year earlier, even as total income rose to ₹448.81 crore from ₹324.12 crore.
Filing and publication details
The company published its first-quarter financial results in a regulatory filing on Wednesday. PTI reported the figures on August 13, 2026. The filing detailed the net loss, total income, expenses, and operational metrics including 137 centres across 17 cities and 10.61 million sq ft under management. The results are for the first quarter of the current fiscal year, corresponding to the period ended June.
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