Smartworks Narrows Q2 Loss With 22% Revenue Growth as Shares Fall After Results

Management credits its scalable managed‑campus model for the improvement.

Overview

Smartworks reported a consolidated net loss of Rs 3.13 crore versus Rs 15.82 crore a year earlier, as total income rose 22% to Rs 441.06 crore.
Despite the improvement, the stock fell as much as 9.6% intraday to Rs 541.35 and was down 7.9% at 10:55 IST, according to exchange data cited by Inc42.
Operating revenue reached Rs 424.8 crore, up 21% year on year and 12% sequentially, driven by enterprise demand and continued portfolio expansion.
Founder Neetish Sarda said margins expanded and the company maintained a negative net‑debt position, signaling progress toward profitable scale.
As of September 30, the company managed 12.7 million sq ft and more than 235,000 seats across 14 Indian cities and Singapore under its lease‑and‑sub‑lease campus model.