India, Feb. 27 -- Inside India's Coworking Reset

India's listed coworking giants are defying pre-IPO scepticism. Following a stellar Q3 FY26, many of these startups are reporting soaring profits and robust occupancy, shedding their disruptor image to become more stable, disciplined operators. So, what's their secret sauce?

The Q3 Turnaround: The December 2026 quarter provided a definitive answer to investors worried about the coworking industry's lease-heavy model. While WeWork India and Smartworks swung back in the black, Awfis reported a 43% YoY surge in profits.

This across-the-board profitable performance signals that the industry has reached an inflexion point, where scale, operational leverage and high occupancy are finally trans...