India, Nov. 3 -- Coworking space provider IndiQube slashed its Q2 FY27 net loss by 80% to Rs.5.9 Cr in from Rs.29.9 Cr loss incurred in the year-ago quarter. Sequentially, its loss reduced 75% from Rs.23.9 Cr in Q1 FY27.

Operating revenue grew 34.9% YoY to Rs.471.9 Cr from Rs.350.1 Cr in the year-ago quarter. On a sequential basis, revenue increased 11.6% from Rs.422.6 Cr.

Other income stood at Rs.20.3 Cr, taking total income to Rs.492.1 Cr. The company benefitted from a deferred tax credit of Rs.6.4 Cr while spending Rs.4.9 Cr on current tax expenses.

Total expenses increased 23.5% YoY to Rs.499.5 Cr in Q2 FY27 from Rs.405.3 Cr in Q2 FY26, but grew just 4.4% QoQ.

(The story will be updated soon)

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