IndiQube to maintain 30% growth rate: CEO

BENGALURU-BASED FLEXIBLE WORKSPACE provider IndiQube reported a 28% year-on-year rise in its revenue to ₹313 crore in the June quarter as it leased out more floor space to clients and increased its share of value-added services.

- AYANTI BERA

BENGALURU-BASED FLEXIBLE WORKSPACE provider IndiQube reported a 28% year-on-year rise in its revenue to ₹313 crore in the June quarter as it leased out more floor space to clients and increased its share of value-added services. Going ahead, the company plans to maintain a growth rate of around 30%, its co-founder and CEO Rishi Das told FE in an interaction.

In its first quarterly earnings post-listing, IndiQube said its adjusted cash earnings before interest and tax, or simply the cash generated from operations, came in at ₹52 crore, compared to ₹28 crore in the year-ago period. Das added that adjusted cash Ebit is a more accurate measure of operational profitability than Ebitda as per Ind-AS accounting due to the impact of lease accounting.