Smartworks Coworking Spaces Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The Board of Directors, in their meeting held on January 15, 2026, reviewed and approved these results, along with the Limited Review Report from the statutory auditors.

The company reported total income of ₹477.39 crore for the quarter ended December 31, 2025, a significant increase from ₹352.61 crore in the same quarter of the previous year. For the nine-month period ended December 31, 2025, total income stood at ₹1,281.58 crore, up from ₹1,024.53 crore in the corresponding period last year.

Standalone net profit for the quarter was ₹2.93 lakh, compared to a loss of ₹174.18 lakh in the previous year's quarter. Consolidated net profit for the quarter stood at ₹12.30 lakh, an improvement from a loss of ₹160.25 lakh in the prior year's quarter. The company's financial performance reflects a positive trend.

In its filings, Smartworks also provided an update on its Initial Public Offering (IPO) which was completed on July 17, 2025. The utilization of IPO proceeds of ₹445 crore is ongoing, with ₹272.31 crore utilized as of December 31, 2025, primarily for repayment of borrowings and capital expenditure for new centers. The unutilized amount of ₹172.69 crore is temporarily invested.

The company also noted the impact of the New Labour Codes, which resulted in an estimated one-time increase in provision for employee benefits by ₹5.34 million (₹53.4 lakh).