Smartworks Coworking turns profitable in Q1 as revenue surges 44%

The Indian flexible workspace operator reports a net profit of ₹13.14 crore, reversing a year-ago loss, driven by top-line growth and recent expansion into Southeast Asia.

By Handelsavisen Newsroom · Automated 2026-07-22 10:09 UTC · 1 min read

Smartworks Coworking Spaces Ltd has returned to profitability, reporting a consolidated net profit of ₹13.14 crore for the quarter ended June.

The result marks a significant turnaround from the net loss of ₹4.19 crore recorded in the same period last year, signaling improved operational leverage for the Indian flexible workspace provider.

The company reported a 44% year-on-year increase in top-line sales, reaching ₹560 crore for the quarter.

Revenue growth was the primary driver behind the earnings recovery.

The company reported a 44% year-on-year increase in top-line sales, reaching ₹560 crore for the quarter.

This acceleration in revenue suggests that the firm’s expansion strategy is gaining traction, allowing it to scale operations while improving margin dynamics.

The financial improvement comes shortly after Smartworks completed its acquisition of WorkStudio Spaces Pte. Ltd., a Singapore-based flexible workspace provider.