Smartworks Coworking Spaces Ltd Announces Q3 Results with 5.34 Million Increase in Provision for Employee Benefits

Smartworks Coworking Spaces Ltd, a leading provider of fully serviced office spaces, design and fitout services, and related ancillary services, announced its unaudited standalone financial results for the quarter and nine months ended December 31, 2025. The company's revenue from operations for the quarter was INR 12,393.79 million, with a total income of INR 12,407.72 million. The total expenses for the quarter stood at INR 8,479.79 million, leading to a profit before tax of INR 3.92 million. The company reported a tax expense of INR 0.99 million, resulting in a net profit of INR (12.77) million for the quarter. The net profit for the nine months ended December 31, 2025, was INR 357.96 million. The company's earnings per share for the quarter and nine months were (50.73) and 2.93, respectively. The company's primary business segment involves developing and licensing fully serviced office spaces, design and fitout services and related ancillary services. The company has a single operating segment and has successfully completed its Initial Public Offering (IPO) of 14,321,474 equity shares in July 2025. Effective November 21, 2025, the Government of India has consolidated multiple existing labour legislations into a unified framework, resulting in an estimated one-time increase in provision for employee benefits of INR 5.34 million, which has been recognized in the current reporting period as employee benefit expenses.