Innov8’s FY26 Profit Zooms Multifold To ₹13.7 Cr, Revenue Crosses ₹200 Cr Mark
Premium flexible workspace operator Innov8 Workspaces sharply improved its profitability in the fiscal year FY26 while rapidly expanding the network…
Innov8 Workspaces experienced a dramatic increase in profitability during fiscal year 2026 (FY26), with net profit climbing nearly 11.8 times to ₹13.8 crore from ₹1.2 crore in the previous year. Operating revenue expanded by 76% to ₹201.3 crore, while EBITDA net of lease rose 64.6% to ₹49.4 crore. The company also reported substantial non-operating revenue, with ₹38.9 crore in other income, which was over 12 times the amount recorded in the prior year.
This significant rise in earnings was fueled by a strong performance in rental income, which contributed 86% of operating revenue and grew 59.3% from ₹108.9 crore in FY25 to ₹173.6 crore in FY26. The company's asset-light model, which allows it to open new centers every three weeks, played a key role in its rapid expansion, bringing the network to 72 centers as of July 2026.
Innov8 plans to expand to 101 centers by FY27, targeting high-density commercial locations in major cities across India.
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