Smartworks Swings to Profit in Q1 as Revenue Jumps 44%

New Delhi: Realty firm Smartworks Coworking Spaces Ltd on Wednesday reported a consolidated net profit of Rs 13.14 crore for the quarter ended June on higher revenue.

The company had posted a net loss of Rs 4.19 crore in the year-ago period.

Total income rose 44 per cent to 559.66 crore in April-June period of 2026-27 fiscal from Rs 387.98 crore in the corresponding period of the preceding year, according to a regulatory filing.

Smartworks Founder and MD Neetish Sarda said: “When we listed Smartworks a year ago, we were confident that India’s flexible space market had entered a long-term growth phase. We believed large enterprises would increasingly move away from traditional offices in favour of flexible, fully managed workspaces that could scale with their business. One year later, that conviction is reflected not just in our financial performance, but in the way our clients are choosing to grow with us.” The company had a portfolio of 16.9 million square feet area across 70 centres in 15 cities across India and Singapore, as of June 30, 2026. It takes office spaces on rent from real estate developers to set up coworking centres and then rents out desks to enterprises.

During 2025-26 fiscal, Smartworks posted a profit of Rs 10.52 crore on a total revenue of Rs 1,850 crore.

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