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Net profit of Smartworks Coworking Spaces reported to Rs 16.62 crore in the quarter ended March 2026 as against net loss of Rs 8.30 crore during the previous quarter ended March 2025. Sales rose 44.99% to Rs 519.68 crore in the quarter ended March 2026 as against Rs 358.43 crore during the previous quarter ended March 2025.For the full year,net profit reported to Rs 10.53 crore in the year ended March 2026 as against net loss of Rs 63.18 crore during the previous year ended March 2025. Sales rose 30.69% to Rs 1795.81 crore in the year ended March 2026 as against Rs 1374.06 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales519.68358.43 45 1795.811374.06 31 OPM %65.1164.84 -64.3262.39 - PBDT256.31156.54 64 843.11556.54 51 PBT22.25-4.95 LP 13.85-79.46 LP NP16.62-8.30 LP 10.53-63.18 LP Powered by Capital Market - Live News

Smartworks Coworking Spaces will hold a meeting of the Board of Directors of the Company on 30 April 2026.

Smartworks Coworking Spaces has crossed 10 million sq. ft of operational portfolio, becoming the first listed flexible workspace provider in India to achieve this scale. This milestone follows the operationalisation of the Tata Intellion Park centre in Mumbai. The company recently announced the addition of a Forbes 2000 company at this centre and continues to see healthy traction.The company`s performance reflects this momentum. In Q3 FY26, Smartworks reported revenue of Rs 472 crore, up ~34% year-on-year, while mature centres operated at ~93% committed occupancy, indicating strong demand and stability across its portfolio. With this scale and portfolio maturity , Smartworks has entered a phase of cash compounding. Smartworks caters to a diverse client base that includes Forbes 2000 companies, GCCs, large enterprises, and scaling businesses. Its campus-led model of leasing entire buildings and converting them into fully managed workspaces, enables enterprises to expand across cities without managing real estate operations directly.

Smartworks Coworking Spaces announced the expansion of its multi-city engagement with a Forbes 2000 company and a global leader in digital business services and customer experience (CX) management. With the addition of 1,150 seats at Smartworks` managed campus at Tata Intellion Park, Navi Mumbai, the client`s total portfolio with the company now spans Bengaluru, Kolkata, Hyderabad, and Mumbai, taking the overall seat count to over 5,000 seats. The combined expected rental revenue from these locations is estimated to exceed Rs 155 crore, which includes the newly signed Mumbai managed office deal of Rs 51 crore.As of Q3 FY26, Smartworks had over Rs 4,700 crore of committed rental revenue, reinforcing the long tenure, enterprise-led nature of the business.

Smartworks Coworking Spaces has entered into a lease deed for capacity addition in Jaipur, admeasuring 1,49,560 Sq. Ft, which will result in an increase in its operational capacity. Powered by Capital Market - Live News