He expects to shut the fiscal yr 2025-26 (FY26) with development ranges much like the primary 9 months, throughout which income grew 37%, and earnings earlier than curiosity, taxes, depreciation, and amortisation (EBITDA) rose near 80%. Administration stated development visibility for the subsequent yr is supported by obtainable area prepared for leasing and a gradual pipeline of latest belongings.
Das stated, “When you have a look at our complete space, which is occupied, it’s about 6.3 to six.5 million sq. ft, and our complete AUM is about 9.5 million… we’ve got a headroom of virtually 3.2 million sq. ft… we’re very hopeful that we needs to be north of 30% development in 2026-27 as effectively.”
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He stated the corporate is specializing in increasing in micro markets the place occupancy ranges are already robust and is monitoring near 50 micro markets and prioritises provide addition in areas the place utilisation ranges are excessive.
Das stated, “There are about near 50 micro markets… occupancy ranges in these micro markets are between 85 to 95%… we have a look at deepening our presence in these micro markets by means of newer provide additions.”
He stated this method helps keep occupancy ranges whereas scaling capability throughout cities. He added new centres sometimes attain operational break-even inside months of beginning operations. Mature centres keep occupancy ranges above total portfolio averages.
Das stated, “From the time we begin paying hire… we sometimes take 5 to 6 months to succeed in 50 to 60% occupancy… and in lower than 12 months, we’re in a position to attain 90% plus occupancy in most of our regular state centres.”
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He stated regular state centres, outlined as these older than 12 months, function at round 90–91% occupancy, whereas total portfolio occupancy is round 84%.
Das stated most space enlargement will proceed in giant metro cities reminiscent of Bengaluru, Mumbai, NCR and Hyderabad, whereas metropolis enlargement will proceed in tier-2 markets.
Das stated capital raised earlier is getting used primarily for fit-outs and enlargement, whereas a part of it was used to scale back debt.
He expects to proceed including round 1.5 to 2 million sq. ft yearly. It stated leasing visibility is supported by belongings signed on the development stage, which generally have a 12–18-month ramp-up interval.
IndiQube presently has a market capitalisation of about ₹3,906 crore. The corporate’s shares have declined greater than 14% over the previous six months.
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