IndiQube reduces quarterly net loss by 80 percent
Coworking provider IndiQube reported a 35 percent revenue increase to 471.9 million rupees, alongside a significant reduction in net losses for the second quarter.
IndiQube, an Indian provider of flexible workspace solutions, has narrowed its net loss to 5.9 crore rupees for the second quarter of the 2027 fiscal year. This represents an 80 percent improvement over the 29.9 crore rupee loss recorded during the same period in the previous year.
Operating revenue reached 471.9 crore rupees, marking a 34.9 percent increase from the 350.1 crore rupees reported in the prior-year quarter. The company’s total income was further bolstered by 20.3 crore rupees in other income and a deferred tax credit, helping to offset rising expenditure.
While total expenses increased by 23.5 percent year-on-year to 499.5 crore rupees, the rate of spending growth slowed significantly on a sequential basis, rising just 4.4 percent from the first quarter. This indicates a tightening of operating costs as the firm continues to scale its operations.