Smartworks Coworking Spaces Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
SMARTWORKS · price
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Smartworks Coworking Spaces reported its first quarterly results post its July 17, 2025 IPO listing on NSE/BSE. Standalone revenue from operations grew to Rs. 3,647.85 million from Rs. 3,093.04 million in Q1 FY25, a ~17.9% rise; consolidated revenue rose to Rs. 3,792.11 million, up ~21% year-on-year. The company narrowed its standalone loss to Rs. 45.02 million from Rs. 224.92 million a year ago, and consolidated loss to Rs. 41.97 million from Rs. 230.27 million. The standalone loss before tax improved sharply to Rs. 60.16 million versus Rs. 303.94 million, helped by higher operating income and lower finance costs. Auditor Deloitte Haskins & Sells LLP issued an unmodified limited review report on both sets of results.
Positive for shareholders — strong topline growth combined with a sharply reduced quarterly loss signals improving operating leverage, though the company remains in the red at the bottom line. As the first earnings update after listing, results will be closely watched to gauge post-IPO business momentum.