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Flex office firms' earnings jump on strong demand, premium shift
Flexible workspace firms WeWork India, Smartworks, IndiQube, and Awfis reported robust revenue growth and improved margins in the last fiscal year. Sustained demand from global capability centers and a shift to managed offices fueled this performance.
IndiQube reports Rs 1,469 crore revenue in FY26, a growth of 37% Y-o-Y
IndiQube Spaces Limited achieved Rs 1,469 crore revenue in FY26, marking a 37% year-on-year growth. The company expanded its capacity by adding 28,000 seats. Occupancy remained strong at 88%. Value-added services now contribute 15% of revenue. IndiQube's presence spans 17 cities and 130 properties across India.
IndiQube signs ₹54 crore workspace deal with GCC client in Pune
Tech-enabled workspace provider leases 1,140 seats at IndiQube Orchid over five years.
Stocks to Watch Today: TCS, NTPC, Shanthi Gears, Gillette, Bharti Airtel, Shree Ram Twistex, IndiQube Spaces, Tata Elxsi in focus on 20 March
Stocks to Watch, 20 March: Stocks like Shree Ram Twistex, Tata Consultancy Services, IndiQube Spaces, NTPC, Samvardhana Motherson International, Shanthi Gears, JSW Cement, Archean Chemical Industries, Tata Elxsi, Nestle India, and Gillette India will be in focus on March 20.