India, Sept. 19 -- Premium flexible workspace operator Innov8 Workspaces sharply improved its profitability in the fiscal year FY26 while rapidly expanding the network of centres it operates across the country.

Innov8's net profit surged nearly 11.8X to Rs.13.8 Cr in FY26 from Rs.1.2 Cr in FY25, as per its annual report. Important to highlight that the startup's profitability took a 97% hit in FY25 from Rs.37.7 Cr in FY24.

Meanwhile, operating revenue rose 76% to Rs.201.3 Cr from Rs.114.5 Cr, while EBITDA net of lease increased 64.6% to Rs.49.4 Cr from Rs.30 Cr. The company had projected its FY26 I-GAAP EBITDA to double to Rs.60 Cr back in September 2025.

The sharp improvement in the bottom line was also aided by a notable uptick in no...