India, Feb. 27 -- The post-listing financial performance of some of India's leading coworking firms is beginning to address the concerns that investors had ahead of their IPOs.

The strong Q3 show of WeWork India, Awfis, Smartworks points to improving occupancy, rising enterprise demand and sharper capital discipline. This also shows that the sector is moving towards cash generation and portfolio optimisation.

With large corporate clients driving a bigger share of revenue, mature centres have begun to generate stronger margins. Flexible workspace companies are slowly moving away from being seen as startup-focused disruptors to becoming more stable, disciplined operators in India's office market.

India's listed coworking players are begi...