Smartworks Coworking Spaces' Q2 FY 2025-26 Quarterly Results

Result Summary

• Smartworks Coworking Spaces Ltd reported a 13.7% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a - of -.
• Its expenses for the quarter were up by 13.2% QoQ and - - YoY.
• The net profit decreased 25.2% QoQ and - - YoY.
• The earnings per share (EPS) of Smartworks Coworking Spaces Ltd declined at 0.27 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Smartworks Coworking Spaces Ltd operates within the commercial real estate sector, primarily focusing on providing flexible office space solutions. The company offers coworking spaces, private office suites, and meeting rooms tailored to the needs of freelancers, startups, and enterprises. As a key player in the coworking industry, Smartworks aims to enhance productivity and collaboration by offering modern infrastructure and amenities. While specific recent developments or strategic changes for the company are not available from the provided data, the coworking industry has been witnessing shifts driven by the increasing demand for flexible work environments and remote working trends.

Revenue

In the second quarter of fiscal year 2026 (Q2FY26), Smartworks Coworking Spaces Ltd reported a total income of ₹441.07 crores, reflecting a quarter-over-quarter (QoQ) growth of 13.7% compared to ₹387.99 crores in the first quarter of fiscal year 2026 (Q1FY26). The data does not provide year-over-year (YoY) comparisons, as the total income for the same quarter in the previous fiscal year (Q2FY25) is recorded as zero. This indicates a positive QoQ growth trajectory in revenue generation, with the company experiencing an increase in its income from Q1FY26 to Q2FY26.

Profitability

The profitability metrics for Smartworks Coworking Spaces Ltd in Q2FY26 show a loss, with a profit before tax (PBT) of -₹4.39 crores, which is a QoQ improvement from a loss of -₹5.57 crores in Q1FY26. The profit after tax (PAT) for Q2FY26 stands at -₹3.14 crores, compared to -₹4.20 crores in the previous quarter, marking a QoQ improvement of 25.2%. Earnings per share (EPS) improved from -₹0.41 in Q1FY26 to -₹0.27 in Q2FY26, showing a QoQ enhancement of 34.1%. This reflects a trend towards reducing losses over the quarters.

Operating Metrics

Total expenses for Smartworks Coworking Spaces Ltd in Q2FY26 were ₹445.46 crores, up 13.2% from ₹393.56 crores in Q1FY26. The tax expenses recorded in Q2FY26 were -₹1.25 crores, compared to -₹1.37 crores in Q1FY26, representing an 8.8% QoQ reduction. The company does not provide specific data for past year comparisons. The current financial period indicates a consistent increase in both income and expenses, with a gradual improvement in profitability margins despite operating at a loss.