Realty firm Smartworks Coworking Spaces Ltd has reported a consolidated net profit of ₹1.24 crore in the third quarter of this fiscal year on higher revenue.
Smart-works Coworking Q3 Profit at ₹1.24 Cr; Revenue Rises to ₹488 Cr
The company, which got listed last year, had posted a net loss of ₹16 crore in the year-ago period
Smartworks Coworking Q3 Profit at ₹1.24 Cr; Revenue Rises to ₹488 Cr
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The company, which got listed last year, had posted a net loss of ₹16 crore in the year-ago period.
Total income rose 34% to ₹488.14 crore during the October-December period of the 2025-26 fiscal, from ₹363.62 crore in the corresponding period of the preceding year, according to a regulatory filing on Thursday.
During the first nine months of this fiscal, the company's net loss narrowed to ₹6 crore, from ₹54.87 crore in the year-ago period.
Total income increased to ₹1,317.2 crore during the April-December period of this fiscal from ₹1,047.61 crore in the corresponding period of the preceding year.
Smartworks takes office space on lease from real estate developers to set up coworking centres and then sub-leases the managed workspaces to corporates.
"The third quarter represents Smartworks’ strongest quarter to date and confirms that the business has entered a compounding phase," Smartworks Founder & Managing Director Neetish Sarda said.
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The company delivered record normalised EBITDA alongside strong revenue growth, driven by rising portfolio maturity and sustained enterprise demand.
"Growth during the quarter was anchored in large, long-tenure enterprise contracts and continued expansions from existing clients, improving the quality, predictability, and durability of our revenues," Sarda said.
Smartworks is well-positioned to sustain momentum and continue improving returns over the coming quarters, he added.
The company has a portfolio of 15.3 million sq ft across 63 centres in 15 cities in India and Singapore.
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