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Earnings Call

Smartworks Coworking Spaces Earnings Call: Key Takeaways

Smartworks reported strong FY26 performance with Revenue at ₹17,958 Mn and Normalised EBITDA margin expanding to 17.5%. The company hit 10.1 Msf operational SBA.

Why this was an Alfa AlertNot a filter event. Performance is strong but no material beat (>5%) over explicit prior guidance ranges was confirmed.
Highlights
Revenue growth31% YoY in FY26; 45% YoY in Q4FY26.
MarginsNormalised EBITDA margin improved from 13.1% in FY25 to 17.5% in FY26.
Order bookContracted rental revenue of ~₹52,000 Mn+.
Demand visibilityStrong; 47 months avg tenure for 300+ seat clients.
Management confidenceHigh; citing structural shift to core+flex models and AI-led demand.

Growth

FY26 revenue grew 31% YoY; Normalised PAT reached ₹966 Mn, up 453% YoY.

Outlook

Targeting 2.5-3 Mn sq ft annual additions; supply visibility secured for FY27 and 75% for FY28.

Risks

Potential supply-demand mismatch in top cities and concentration risk despite portfolio diversification efforts.

Source

Earnings Call filed with NSE, NSE: SMARTWORKS. Summary written with AI assistance from the document.

Read the document ↗

Smartworks Coworking Spaces Ltd: key numbers

Share price
₹494.40
Market cap
₹5,655 Cr
Revenue (annual)
₹1,796 Cr
Net profit (annual)
₹10.53 Cr
P/E (TTM)
202.9×Sector 34.2×
Promoter holding
58.32%+0.00% QoQ
FII holding
0.28%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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11:28 IST NSE
Management Change

Smartworks Coworking Spaces Management Change

Smartworks Coworking Spaces appointed Dilip Deshmukh as Independent Director at its 11th AGM. Rajeev Agarwal's designation was upgraded from Additional to Non-Executive Independent Director.

23:19 IST NSE
Annual General Meeting

Smartworks Coworking Spaces Annual General Meeting

Smartworks Coworking Spaces Limited held its 11th Annual General Meeting on September 22, 2026. The meeting covered financial adoption, director appointments, and other business items.

16:43 IST BSE
Other Announcement

Smartworks Coworking Spaces Other Announcement

Smartworks Coworking Spaces Limited filed its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26. This is a mandatory periodic regulatory disclosure.

15:44 IST BSE
Annual General Meeting

Smartworks Coworking Spaces Annual General Meeting

Smartworks Coworking Spaces Limited has scheduled its 11th Annual General Meeting for September 22, 2026. The notice includes appointments of directors and approval for consultancy fees.

18:35 IST NSE
Merger & Restructuring

Smartworks Coworking Spaces Merger & Restructuring Worth ₹385.6 Cr

Smartworks Coworking Spaces will use its Securities Premium Account to write off accumulated losses of ₹385.62 Crore. This NCLT-sanctioned restructuring involves no capital reduction or cash outflow.

Value
₹385.6 Cr
18:35 IST BSE
Management Change

Smartworks Coworking Spaces Management Change

Smartworks Coworking Spaces Limited announced the recommendation to appoint Mr. Dilip Deshmukh and Mr. Rajeev Krishnamuralilal Agarwal as Non-Executive Independent Directors.