Smartworks, a prominent flexible workspace operator in India, reported a remarkable 31% increase in revenue for the fiscal year 2025-26, totaling ₹1,796 crore (approximately $217 million USD). This growth marks a significant achievement for the company, as it also turned profitable with a net profit of ₹11 crore (approximately $1.3 million USD), compared to a loss of ₹63 crore in FY25. Neetish Sarda, the Founder and Managing Director, highlighted that FY26 was the company's first full financial year as a listed entity, showcasing improvements in growth, profitability, and capital efficiency. Smartworks has expanded its operational footprint to over 10 million square feet across 66 centres in 15 cities, including Singapore. The company reported a robust contracted rental revenue of ₹5,200 crore and has secured 100% of its supply for FY27, with 75% visibility for FY28. Additionally, Smartworks ended FY26 with a net-debt-negative position, as its cash and bank balances surpassed gross debt, reflecting a strong capital structure funded through internal accruals. The flexible workspace market in India is thriving, with record absorption rates and projections indicating growth to 140 million square feet by 2027.