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IndiQube Spaces Ltd reported a reduced net loss of INR 29.86 crore for the July-September quarter, a significant improvement from INR 52.52 crore a year earlier. Total income rose 39% year-on-year to INR 366.59 crore, driven by strong demand for flexible workspace solutions. The company, which leases and manages office spaces across 16 cities, now oversees more than 9.14 million sq. ft. of workspace. IndiQube's improved performance reflects operational efficiency and growing market traction in India's managed office sector. With expanding demand from corporates and global enterprises, the firm is well positioned for continued financial recovery and steady growth.
IndiQube Spaces Ltd, a managed office solutions provider, reported a net loss of INR 29.86 crore during the July-September quarter of the current financial year. The figure marked a notable improvement from a net loss of INR 52.52 crore recorded during the same period of the previous year. Advertisement
The company's total income showed robust growth, rising to INR 366.59 crore compared with INR 264.01 crore in the corresponding quarter of the prior fiscal, as indicated in a recent regulatory filing. IndiQube's performance reflected steady demand for flexible workspace solutions across both domestic and international markets.
IndiQube Spaces operates by leasing office properties from owners to establish its centres and subsequently sub-leases them to corporates and enterprises. The company currently maintains operations across 16 cities and manages a total portfolio exceeding 9.14 million sq ft of workspace.
The improved quarterly performance of IndiQube Spaces highlighted the company's growing footprint and recovery momentum in India's flexible workspace sector. Despite still reporting a loss, the narrowing deficit underscored operational efficiency and stronger market traction. With a presence across 16 major cities and a substantial managed area, the firm appears to be positioned for gradual financial improvement in forthcoming quarters, supported by the sustained demand for adaptable and cost-effective office solutions from domestic as well as global enterprises.
Source - PTI
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