Tag: Smartworks Coworking Spaces Ltd

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Smartworks Coworking Reports ₹1.24 Crore Profit in Q3 FY26

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…

CommercialLatest Stories

Smartworks Narrows Q2 FY26 Loss to ₹3 Crore

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…

CommercialLatest Stories

Smartworks IPO Subscribed 13.45 Times

NEW DELHI: Smartworks Coworking Spaces Ltd’s initial public offering (IPO) of ₹583 crore was oversubscribed by 13.45 times by the close of bidding on Monday. During the three-day IPO, bids reached 13,99,08,852 shares, significantly exceeding the 1,04,01,828 shares available, according to NSE data. The Qualified Institutional Buyers (QIB) segment received 24.41 times the subscription, while Non-Institutional Investors subscribed 22.78 times. Retail Individual Investors (RIIs) saw a subscription of 3.53 times. Additionally, Smartworks Coworking Spaces has secured ₹173.64 crore from anchor investors. The IPO was launched last Thursday, aiming to raise nearly ₹600 crore to facilitate business expansion and debt reduction.…