Home / Business and Economy / IndiQube Posts ₹23.88 Cr Loss Amid Revenue Surge
IndiQube Posts ₹23.88 Cr Loss Amid Revenue Surge
13 Aug
Summary
- IndiQube reported a net loss of ₹23.88 crore for the June quarter.
- Total income increased to ₹448.81 crore from the previous year's ₹324.12 crore.
- The company operates 137 coworking centers across 17 Indian cities.
Realty firm IndiQube Spaces has reported a net loss of ₹23.88 crore for the quarter that concluded in June. This marks an improvement compared to the net loss of ₹36.75 crore recorded during the same period last year.
During the first quarter of the current fiscal, the company's total income grew to ₹448.81 crore. This figure represents an increase from the ₹324.12 crore earned in the corresponding period of the preceding year. The firm's expenses also rose to ₹479.32 crore, up from ₹374.08 crore.
IndiQube Spaces, headquartered in Bengaluru, currently operates 137 coworking centers. These facilities are distributed across 17 cities throughout India, and the company manages a total area of 10.61 million square feet.
