NEW DELHI: Smartworks Coworking Spaces has announced a net consolidated profit of ₹10.52 crore, with total income amounting to ₹1,849.90 crore for the financial year 2025-26. In Q4 FY26, the company’s net consolidated total income reached ₹532.70 crore, while profit after tax was ₹16.62 crore.
The company reported a net debt of -₹56 crore, concluding FY26 with net cash and a reduction in gross debt by over 50% since its IPO. The cost of borrowing dropped below 9%, decreasing approximately 180 bps year-on-year.
Neetish Sarda, the founder and managing director, stated, “This year, we became the first listed flex workspace platform in India to surpass 10 million sq ft of operational portfolio. With over ₹5,200 crore in contracted rental revenue, 100% of FY27 supply secured, and 75% visibility for FY28 already established, we are poised for strong growth ahead.”
As of Q4 FY26, Smartworks had a total footprint of 16.1 million sq ft across 66 centres in 15 cities, marking a 37% year-on-year increase. The operational area stood at 10.1 million sq ft with an occupancy rate of 82%. The seat retention rate for FY26 was 88%.
