Archive · 13 Aug 2025
Smartworks' Q1 FY26: Loss Narrows, Revenue Up
Smartworks, a co-working space company, improved its financial results in the first quarter of fiscal year 2026.
They lost less money compared to last year and saw their total income increase.
Their earnings before interest, taxes, depreciation, and amortization (EBITDA) also increased significantly, showing improved profitability.
The company added more leased space during this time.
The management said that they had a strong performance driven by the demand and expansion.
Smartworks' net loss narrowed to Rs 4.19 crore in Q1 FY26, compared to a loss of Rs 23 crore in the same period the previous year.
Total income for Smartworks rose to Rs 387.98 crore in the April-June 2025-26 period, up from Rs 323.15 crore a year ago.
EBITDA stood at Rs 241 crore, with a 63.6% margin.
Normalised EBITDA doubled to Rs 60.7 crore in Q1FY26 from Rs 29 crore in Q1FY25.
The company's portfolio reached 10.08 million sqft. of leased space as of June 30, 2025.
- Who
- Smartworks Coworking Spaces.
- What
- Smartworks Coworking Spaces' Q1 FY26 financial results, including net loss, total income, and EBITDA.
- When
- Q1 FY26, specifically the April-June period of 2025-26.
- Where
- Not explicitly mentioned.
- Why
- Not explicitly mentioned, but the company's statement indicates growth in the portfolio and revenue.
- Net Loss (Q1 FY26)
- Rs 4.19 crore
- Net Loss (Q1 FY25)
- Rs 23 crore
- Total Income (April-June 2025-26)
- Rs 387.98 crore
- Total Income (April-June 2024-25)
- Rs 323.15 crore
- EBITDA
- Rs 241 crore
- EBITDA Margin
- 63.6%
- Normalised EBITDA (Q1 FY26)
- Rs 60.7 crore
- Leased space (as of June 30, 2025)
- 10.08 million sqft
