IPO-Bound Smartworks’ FY25 Loss Widens 27% To INR 63.2 Cr

Smartworks’ operating revenue stood at INR 1,374.1 Cr in FY25, a 32.3% increase from INR 1,039.4 Cr in the year ago period

Total expenses for FY25 stood at INR 1,489.1 Cr, up from INR 1,180.7 Cr in FY24, driven by higher operating, employee, and finance costs

As per the RHP, Smartworks trimmed the size of its fresh issue to INR 445 Cr from INR 550 Cr, while the OFS component was nearly up to 33.79 Lakh shares

IPO-bound coworking startup Smartworks’ consolidated net…