IndiQube, one of India’s largest flexible workspace providers, has reported a strong performance in the second quarter of FY26. The company posted a profit of Rs 28 crore, marking a significant improvement in its financial position. This performance reflects growing demand for modern, tech-enabled office spaces, especially among large enterprises and high-growth companies across the country. IndiQube’s business model focuses on providing scalable work environments that can adapt to the needs of startups, mid-sized firms, and multinational corporations. The company’s positive outlook this quarter has strengthened confidence in India’s flexible workspace market.
Strong Financial Performance Shows Business Stability
During the second quarter, IndiQube recorded consistent revenue growth and improved cash flow. Revenue from operations crossed Rs 350 crore in Q2, supported by strong leasing activity and ongoing demand for managed office spaces. For the first half of FY26, the company reported a total income of over Rs 690 crore, reflecting its expanding presence and steady client base. The company also improved its operating cash flows, showing that its business fundamentals are healthy and stable. This improvement is important because strong cash flows help companies expand and manage operational costs more effectively. IndiQube’s financial performance shows a business growing not just in size, but also in financial discipline and sustainability.
Rapid Expansion Across Cities and Workspace Capacity
Over the past year, IndiQube has expanded its portfolio by adding multiple new centers and entering new cities. The company now manages more than 9 million square feet of workspace area and offers over 2 lakh seating capacity across its properties. It has recently expanded into Indore, Kolkata, and Mohali, strengthening its presence in regions with rising office demand. With a portfolio occupancy rate of nearly 87%, most workspaces are already in use, indicating strong market confidence. The company currently operates more than 120 properties across 16 cities, making it one of the leading players in India’s flexible workspace ecosystem. This growth highlights the increasing shift towards shared and managed office environments.
Big Client Wins Strengthen Market Position
One of the key highlights of this quarter was IndiQube securing major corporate deals. The company signed a large workspace lease of around 1.4 lakh square feet in Bengaluru for a global asset management firm. It also completed a 68,000 square foot design-and-build project in Hyderabad for one of India’s well-known automobile companies. These large deals reflect trust from enterprise customers, who require reliable infrastructure, customization options, and professional workspace management. Winning such high-value projects enhances IndiQube’s reputation and demonstrates its ability to cater to diverse workspace needs at scale.
A Positive Outlook for the Future of Flexible Workspaces
Co-founder Meghna Agarwal stated that the company experienced meaningful growth this quarter and is optimistic about the upcoming months. The strong occupancy levels, addition of new centers, and increasing preference for flexible office models indicate a positive future. As companies continue to prioritize adaptability, managed workspaces are expected to play a major role in shaping office culture in India. IndiQube’s performance suggests that the flexible workspace sector is not only recovering but expanding with maturity and confidence.