NEW DELHI: Smartworks Coworking Spaces Ltd has successfully reduced its consolidated net loss to Rs 3.13 crore in the second quarter of the fiscal year, primarily due to increased expenses. The company reported a net loss of Rs 15.82 crore during the same quarter last year.
Total income rose by 22% to Rs 441.06 crore in the July-September quarter, compared to Rs 360.84 crore during the equivalent period last year, as stated in a recent regulatory filing.
Neetish Sarda, Founder & Managing Director of Smartworks, commented, “Our Q2 outcomes highlight the robustness and scalability of our managed campus model. With double-digit revenue growth, improving margins, and a negative net-debt position, Smartworks continues to show promising profitability at scale.”
Smartworks leases office spaces from real estate firms to create expansive campuses, which are subsequently sub-leased to both domestic and international companies.
The company operates in 14 cities across India and Singapore, managing 12.7 million sq ft of space with over 235,000 seats as of September 30, 2025.
