Table Space revenue crosses Rs 2,200 Cr in FY26; EBITDA jumps 88%

Ahead of its proposed IPO, Table Space has emerged as one of the largest players in India’s organised flexible workspace market, with FY26 revenue crossing the Rs 2,200 crore mark. The company ranked second among listed peers by revenue, behind WeWork India. Its operating profitability also improved during the year, although exceptional expenses continued to weigh on its bottom line. The company’s revenue from operations surged 66% year-on-year to Rs 2,262 crore in FY26 from Rs 1,360 crore in FY25, according to its consolidated financial statements accessed through the DRHP. Founded by Amit Banerji in 2017, Table Space provides customized workspace solutions to enterprises through its managed office and flexible workspace offerings. Rental income remained Table Space’s largest revenue contributor, with a 79% rise to Rs 1,232 crore in FY26 from Rs 687 crore in FY25. Income from lease rentals grew 46% to Rs 488 crore from Rs 333.59 crore. Other operating income, primarily related to lease arrangements, rose 42.8% to Rs 437.44 crore from Rs 306.42 crore. The remaining revenue came from construction contracts, sale of goods and restaurant operations. Other income, which primarily comprised interest from investments, bank deposits and securities, stood at Rs 255 crore in FY26. This took Table Space’s total income to Rs 2,517 crore in FY26 from Rs 1,562 crore in FY25. On the expense front, depreciation stood at Rs 820 crore, while finance costs amounted to Rs 469 crore. Together,…