IPO-bound Smartworks FY25 loss widens to Rs 63 crore, revenue up 32% to Rs 1,374 crore

Smartworks Coworking Spaces, which plans to launch IPO on July 10, has posted a net loss of Rs 63.17 crore in the last financial year despite rise in income from operations.

Its net loss stood at Rs 49.95 crore in the preceding 2023-24 financial year.

However, the revenue from operations rose to Rs 1,374.05 crore in the 2024-25 fiscal year from Rs 1,039.36 crore in the preceding year, according to red herring prospectus (RHP) filed by the company.