IndiQube Cuts Q2 Net Loss By 80% YoY To ₹6 Cr, Revenue Up 35%
Coworking space provider IndiQube slashed its Q2 FY27 net loss by 80% to ₹5.9 Cr in from ₹29.9 Cr loss incurred in the year-ago quarter. Sequentially, its loss reduced 75% from ₹23.9 Cr in Q1 FY27.
Operating revenue grew 34.9% YoY to ₹471.9 Cr from ₹350.1 Cr in the year-ago quarter. On a sequential basis, revenue increased 11.6% from ₹422.6 Cr.
Other income stood at ₹20.3 Cr, taking total income to ₹492.1 Cr. The company benefitted from a deferred tax credit of ₹6.4 Cr while spending ₹4.9 Cr on current tax expenses.
Total expenses increased 23.5% YoY to ₹499.5 Cr in Q2 FY27 from ₹405.3 Cr in Q2 FY26, but grew just 4.4% QoQ.
(The story will be updated soon)
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