Archive · 22 Jul 2026
Smartworks Reports Q1 Net Profit ₹13.15 Crore
Smartworks Coworking Spaces reported their financial results for the first quarter of the financial year 2026-27.
They made a net profit of ₹13.15 crore.
Their revenue from operations was ₹546.25 crore, which is a 2.4% increase from the previous quarter.
However, their profit before tax decreased compared to the last quarter.
After the quarter ended, they bought a company called Workstudio Spaces Pte.
Ltd.
in Singapore for ₹182.20 crore.
This shows that Smartworks is growing but also facing some challenges in making more profit.
Smartworks reported a net profit after tax of ₹13.15 crore for Q1 FY 2026-27.
Revenue from operations increased by 2.4% sequentially to ₹546.25 crore.
Total consolidated income for the quarter was ₹559.67 crore.
Total expenses for the quarter were ₹542.09 crore.
Profit before tax was ₹17.57 crore, down from the preceding quarter.
- Who
- Smartworks Coworking Spaces
- What
- Reported financial results for Q1 FY 2026-27
- When
- Quarter ended 30 June 2026
- Where
- Mumbai
- Why
- To provide financial performance update to stakeholders
Positive Growth
Declining Profitability
Revenue Growth
Positive Growth
Revenue from operations increased by 2.4% sequentially, indicating positive growth.
Declining Profitability
The increase in revenue is modest and may not be sufficient to offset rising expenses.
Profit Before Tax
Positive Growth
The company reported a profit before tax of ₹17.57 crore, showing improvement from a loss in the same quarter last year.
Declining Profitability
Profit before tax decreased from the preceding quarter, indicating declining profitability.
- Net Profit After Tax
- ₹13.15 crore
- Revenue from Operations
- ₹546.25 crore
- Total Consolidated Income
- ₹559.67 crore
- Total Expenses
- ₹542.09 crore
- Profit Before Tax
- ₹17.57 crore
- Earnings Per Share (EPS)
- ₹1.15
- Acquisition
- Workstudio Spaces Pte. Ltd.
- Acquisition Date
- 7 July 2026
- Acquisition Consideration
- ₹182.20 crore