Smartworks Q2 Profit Is About Rs 26 Crore as Revenue Rises 39%
The managed office provider swung to a profit from a loss of about Rs 3 crore a year ago.
Key Takeaways
- Smartworks posted a net profit of about Rs 26 crore in Q2 FY27, against a loss of about Rs 3.1 crore a year earlier.
- Revenue from operations rose about 39% to about Rs 591 crore.
- Revenue was up about 8% from about Rs 546 crore in the June quarter.
- Total income was about Rs 605 crore and total expenses were about Rs 570 crore.
- First-half net profit was about Rs 39 crore, against a loss of about Rs 7.3 crore a year ago.
Smartworks Coworking Spaces reported a consolidated net profit of about Rs 26 crore for the September quarter of FY27 (Q2), against a net loss of about Rs 3 crore in the same quarter last year. Revenue from operations rose about 39% to about Rs 591 crore.
Total income was about Rs 605 crore, up from about Rs 441 crore a year earlier, while total expenses were about Rs 570 crore. Revenue from operations was up about 8% from the June quarter.
Smartworks Q2 FY27 at a glance
| Detail | Smartworks |
|---|---|
| Net profit (consolidated) | About Rs 26 crore (Rs 25.6 crore), against a loss of about Rs 3.1 crore in Q2 FY26 |
| Revenue from operations | About Rs 591 crore, up about 39% from about Rs 425 crore |
| Total income | About Rs 605 crore, up from about Rs 441 crore |
| Total expenses | About Rs 570 crore, up about 28% from about Rs 445 crore |
| Profit before tax | About Rs 34.9 crore, against a loss of about Rs 4.4 crore |
| Revenue vs June quarter | Up about 8% from about Rs 546 crore |
| Quarter | July to September 2026 (Q2 FY27) |
What Smartworks does and how its revenue and costs moved
Smartworks provides managed office spaces for large companies and global capability centres (GCCs). Its website describes custom-built workspaces for GCCs, large enterprises and growing companies, and the company is led by founder and managing director Neetish Sarda.
In Q2 FY27, revenue grew faster than expenses. Revenue from operations rose about 39%, while total expenses rose about 28%, which moved the company from a pre-tax loss of about Rs 4.4 crore a year ago to a pre-tax profit of about Rs 34.9 crore.
How Smartworks results have moved over the past year
| When | What happened |
|---|---|
| Q2 FY26 (July to September 2025) | Net loss of about Rs 3.1 crore on revenue from operations of about Rs 425 crore |
| Q1 FY27 (April to June 2026) | Net profit of about Rs 13 crore on revenue from operations of about Rs 546 crore |
| Q2 FY27 (July to September 2026) | Net profit of about Rs 26 crore on revenue from operations of about Rs 591 crore |
How the first half of FY27 compares with last year
For the six months to September 30, 2026, Smartworks reported revenue from operations of about Rs 1,138 crore, up from about Rs 804 crore a year earlier. Net profit for the half was about Rs 39 crore, against a loss of about Rs 7.3 crore in the first half of FY26.
Where Smartworks stands after its Q2 FY27 results
Smartworks has now posted a profit in both quarters of FY27, about Rs 13 crore in Q1 and about Rs 26 crore in Q2. Its revenue from operations has risen from about Rs 546 crore in the June quarter to about Rs 591 crore in the September quarter. For the first half of FY27, it reported a net profit of about Rs 39 crore.
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