NEW DELHI: Smartworks Coworking Spaces Ltd has declared a consolidated net profit of ₹1.24 crore for Q3 of this fiscal year, driven by increased revenue.
The company, which went public last year, reported a net loss of ₹16 crore during the same period last year.
For the October-December period of the 2025-26 fiscal year, total income surged by 34% to ₹488.14 crore, compared to ₹363.62 crore in the corresponding quarter of the previous year, as stated in a regulatory filing on Thursday.
Over the first nine months this fiscal year, net losses decreased to ₹6 crore, down from ₹54.87 crore for the same time last year.
Total income rose to ₹1,317.2 crore during the April-December period this fiscal year, up from ₹1,047.61 crore in the previous year’s corresponding period.
Smartworks leases office space from real estate developers to establish coworking centers, which are then sub-leased to corporations.
“The third quarter marks Smartworks’ most successful quarter thus far, indicating that the business has entered a compounding phase,” stated Neetish Sarda, Founder & Managing Director of Smartworks.
The company achieved record normalized EBITDA and strong revenue growth, bolstered by an increasingly mature portfolio and ongoing enterprise demand.
He concluded that Smartworks is well-equipped to maintain this momentum and improve returns in future quarters.
Currently, Smartworks manages a portfolio of 15.3 million sq ft across 63 centers in 15 cities in India and Singapore.
