Smartworks Coworking Spaces Limited announced its Unaudited Financial Results for the quarter ended December 31, 2025 (Q3 FY26). The company reported a revenue from operations of ₹4,721 million (₹472.1 crore), marking a significant 34% year-on-year growth and an 11% quarter-on-quarter increase. Normalized EBITDA stood at ₹847 million (₹84.7 crore), an 86% YoY increase, with a margin of 17.9%, showing robust growth and faster margin expansion. Notably, the company achieved its first-ever positive Ind AS PAT (Profit After Tax) of ₹12 million (₹1.2 crore).

The company's operational metrics also showed strong performance. Total Super Built-up Area (SBA) reached 15.3 Million square feet (Msf), with Leased SBA at 11.1 Msf. Capacity seats increased to 355,000, from which 254,000 are in leased centers. Occupancy rates improved, with Overall Occupancy at 84% and Committed Occupancy at 92%. The Seats Retention Rate was maintained at a healthy 93%.

Smartworks highlighted its strategic shift towards being a cash-compounding phase, with operating cash flow exceeding EBITDA and Return on Capital Employed (RoCE) expanding to 20.5%. The company's financial discipline and strategic partnerships with institutional landlords and large enterprise clients are driving this growth, with enterprise clients contributing approximately 90% of rental revenue. GCCs are also a growing demand vector, contributing over 15% of rental revenue in Q3 FY26.

The presentation also detailed the company's pan-India presence, its integrated experience ecosystem, and its strategy to leverage scale for better unit economics and operational leverage. The company sees significant market opportunity driven by the shift towards managed, tech-enabled workspaces.