Results · Enterprise Software & IT

Innov8 Workspaces net profit surges 11.8X to ₹13.8 Cr in FY26

By Startup Enthusiast · 19 September 2026

What they do

FY26 net profit rose to ₹13.8 Cr from ₹1.2 Cr in FY25

Operating revenue grew 76% to ₹201.3 Cr, with EBITDA up 64.6% to ₹49.4 Cr

The company acquired Vatika Business Centres and targets 101 centres by FY27

Innov8 Workspaces posted a net profit of ₹13.8 Cr for the fiscal year 2026.
This represents an 11.8X increase from the previous year's profit of ₹1.2 Cr.
Operating revenue grew by 76% to reach ₹201.3 Cr during the same period.
EBITDA net of lease increased by 64.6% to ₹49.4 Cr from ₹30 Cr.
Other income included a significant ₹36.7 Cr gain on lease termination.
The company added 16 operational centres during FY26 to reach a total of 58.
As of July 2026, Innov8 operates 72 centres after adding 14 more post-FY26.
The firm acquired Vatika Business Centres Private Limited for ₹27 Cr in June 2026.

Innov8 Workspaces provides flexible office solutions to corporate clients across India.
Its model relies on landlords funding capital expenditure for fit-outs.
The company provides branding, design, and operations for these workspaces.
It currently operates 72 centres as of July 2026.
The business model reduces upfront capital costs for Innov8 itself.
Landlords retain ownership while Innov8 manages the day-to-day operations.
Centres are located in major Indian cities including Kochi and Kolkata.
The company targets 101 centres across 22 cities by FY27.
New target cities include Coimbatore, Jaipur, and Kolkata.