**1. Business Performance:** IndiQube reported strong performance for Q3 FY26 and the nine-month period (9M FY26), achieving record quarterly revenue.

Profitability significantly improved, with strong PAT growth and healthy EBITDA margins (21% in Q3). The business benefits from a high 94% recurring revenue mix. **2. Growth Drivers or Strategy:** Focus areas include flexible, tech-enabled workspaces (MiQube app) and custom interiors.

The company's asset-liability strategy aligns client and landlord lock-in periods (~3 years) to swiftly recover capex, ensuring financial stability. **3. Recent Developments:** Q3 FY26 saw significant expansion: 1.5 Mn sq.ft. added, 33K new seats, and 21 new centers, broadening its footprint to 17 cities.

Overall occupancy reached 84% (mature centers 90%). New Bespoke Design & Build projects (66,000 sq. ft.) and a large Bangalore lease underscore market traction. **4. Key Financial Metrics:** * Q3 FY26 Revenue: ₹395 Cr (+45% YoY) * Q3 FY26 PAT: ₹40 Cr (+214% YoY) * 9M FY26 Revenue: ₹1,063 Cr (+37% YoY) * 9M FY26 PAT: ₹95 Cr (+284% YoY) **5. Management Commentary / Outlook:** Management highlighted a consistent focus on profitability and capability expansion, anticipating a strong closure for the financial year.