India, Oct. 30 -- Managed workspace provider Smartworks reported a consolidated net profit of Rs.25.6 Cr in the September quarter of FY27 as against a loss of Rs.3.1 Cr a year earlier. Sequentially, profit jumped 95% from Rs.13.1 Cr.

Operating revenue grew 39.2% to Rs.591.4 Cr in Q2 FY27 from Rs.424.8 Cr in the year-ago period. It increased 8.3% from Rs.546.2 Cr in the preceding quarter.

The company develops and licenses fully serviced office spaces and also provides design, fit-out, and related services.

Revenue growth outpaced the increase in expenses during the quarter, helping Smartworks post a pre-tax profit of Rs.34.9 Cr against a pre-tax loss of Rs.4.4 Cr a year earlier.

Other income declined 14.4% to Rs.13.9 Cr from Rs.16.3 Cr...