Smartworks Coworking Spaces Ltd. News and Updates

Keep track of all breaking news on Smartworks Coworking Spaces Ltd. from all sources in a single place.

Load latest

Smartworks Coworking Spaces Ltd.

07 Jul 2025

516.15

-0.93%

IPO-bound Smartworks FY25 loss widens to 63 cr, revenue rises 32%

Business Standard

Smartworks Coworking Spaces, which plans to launch IPO on July 10, has posted a net loss of Rs 63.17 crore in the last financial year despite rise in income from operations. Its net loss stood at Rs 49.95 crore in the preceding 2023-24 financial year. However, the revenue from operations rose to Rs 1,374.05 crore in the 2024-25 fiscal year from Rs 1,039.36 crore in the preceding year, according to red herring prospectus (RHP) filed by the company. Gurugram-based Smartworks currently has 48 operational centres with over 1.9 lakh seating capacities. "These losses were on account of our total income being lower than the expenses for the relevant fiscal," the company said in the RHP. Smartworks said it aims to generate and sustain increased revenue levels and decrease proportionate expenses in future periods to achieve profitability. Smartworks will hit the capital market on July 10 to launch its initial public offering (IPO). The issue will conclude on July 14. The company has rev

31.44% Gain from 52W Low

Smartworks Coworking Spaces Ltd. News and Updates

Keep track of all breaking news on Smartworks Coworking Spaces Ltd. from all sources in a single place.