Indicb Q1 profit increases by 303%, revenue is Rs. 313 crores

One of India’s fastest growing workspace solution providers, IndicB space, revenue from operation has reached the highest level of ₹ 313 crore, which has increased from 246 crore to 246 crore in Q1 FY2025 under the IGAAP-equivalent to 27%-year-year-old.

Pay FIRM said that 98% of this income is recurring, showing the stability of its professional model. In the same quarter last year, EBITDA was almost double from ₹ 65 crore to crore 33 million, representing 98% growth. Net Profit (IGAAP-Achievement) Increased 303% voa .5 18.5 crore compared to 6 4.6 crore in Q1 FY2025.

“Our growth pace continues, and our decades long journeys are a landmark moment. We are building a strong foundation for the future,” said co-founder and CEO, Ish Das.

Under reporting as IND, however, the company had reported a net loss of CROR 37 crore, mainly due to depreciation on the property of use and interest on lease responsibilities according to 116 standards. EBITD rose 61% to ₹ 188 crore.

Operational growth remained strong. About 1 million square feet in the field under management. The area of Joy has increased to 8.7 million square feet, while the seat capacity increased by 21,000. Indicab added 17 new centers and entered two new cities – Kolkata and Mohali – took its portfolio to 120 properties in 15 cities, with a healthy business rate of 85%.

Co-founder Meghna Agarwal said the company’s durability pressure, 20 MW groups notes the first phase of solar farms, which produced more than 9.8 million units of green power in June and reduced Lakh 68 lakhs in monthly energy costs.

“Our in-house Mikeb application, which now, over 83,3 downloads, reflects how our users value unified, technical-tactical workplace. In advance of our durability initiative, we spend 9.8 million units of green power in June, J68 lakhs. Ordered the first phase of the farm. “

Crisil ‘A+’ (stable) credit rating supported the strong income visibility, expansion steps and technology -led ings fs to capture the growing workspace demand in the Flexible Office Fiss Market of India.