Smartworks posted a consolidated net profit of ₹25.6 Cr in Q2 FY27 against a ₹3.1 Cr loss a year earlier, while operating revenue rose 39.2% to ₹591.4 Cr.
Revenue growth outpaced the 28.1% increase in total expenses, helping the managed workspace provider swing to a pre-tax profit despite lower other income.
Sequentially, net profit jumped 95% from ₹13.1 Cr, while operating revenue increased 8.3% from ₹546.2 Cr in the June quarter.
Managed workspace provider Smartworks
reported a consolidated net profit of ₹25.6 Cr in the September quarter of FY27 as against a loss of ₹3.1 Cr a year earlier. Sequentially, profit jumped 95% from ₹13.1 Cr.
Operating revenue grew 39.2% to ₹591.4 Cr in Q2 FY27 from ₹424.8 Cr in the year-ago period. It increased 8.3% from ₹546.2 Cr in the preceding quarter.
The company develops and licenses fully serviced office spaces and also provides design, fit-out, and related services.
Revenue growth outpaced the increase in expenses during the quarter, helping Smartworks post a pre-tax profit of ₹34.9 Cr against a pre-tax loss of ₹4.4 Cr a year earlier.
Other income declined 14.4% to ₹13.9 Cr from ₹16.3 Cr. Including this, total income stood at ₹605.3 Cr, up from ₹441.1 Cr in Q2 FY26.
Smartworks’ total expenses increased 28.1% to ₹570.4 Cr from ₹445.5 Cr in Q2 FY26.
(The story will be updated soon)
Source: Inc42
