| Revenue: guided vs achieved | 41.00% achieved Guided 28.00%–30.00%, 36.7% above the top of the range; confirmed by management |
|---|---|
| Revenue guidance | 29.0% → 34.0% Raised by 5.0 percentage points |
| Management target | Revenue 34.0% FY27 |
| Revenue growth | ₹591 Cr, up 39% YoY and 8% QoQ. |
|---|---|
| Margins | Normalized EBITDA at 19.8%, up 340 bps YoY. |
| Order book | Contracted revenue stands at over ₹5,800 Cr. |
| Demand visibility | Strong demand from GCCs and large enterprises seeking flexible workspace. |
| Management confidence | Highly optimistic, emphasizing long-term tenure over short-term margin optimization. |
Growth
Revenue up 39% YoY, driven by massive capacity additions and 91% enterprise client concentration.
Outlook
Raised FY27 revenue growth guidance to 33-35% from earlier 28-30%.
Risks
High capex and security deposits for new centers currently outpace operational cash flow.
Last quarter's promises, checked
Delivered
- Guided FY27 revenue growth 28–30% → Q2 revenue +39% YoY; FY27 guide raised to 33–35% (= BEAT)
- Guided normalized EBITDA margin 19–20% → 19.8%, within range (= BEAT)
- Cited contracted revenue ₹5,400 Cr → over ₹5,800 Cr (= BEAT)
Partly delivered
- Guided FY27 capex ₹550–600 Cr → H1 capex ₹307 Cr, full year not yet reported (= PARTIAL)
Missed
- Guided 'virtually debt-free', net debt ₹5.6 Cr, self-funded growth → net debt ₹83 Cr (= MISS)
Earnings Call Transcript filed with NSE, NSE: SMARTWORKS. Summary written with AI assistance from the document.
Smartworks Coworking Spaces Ltd: key numbers
- Share price
- ₹487.60
- Market cap
- ₹5,577 Cr
- Revenue (annual)
- ₹1,796 Cr
- Net profit (annual)
- ₹10.53 Cr
- P/E (TTM)
- 98.5×Sector 34.1×
- Promoter holding
- 58.26%-0.06% QoQ
- FII holding
- 0.36%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Smartworks Coworking Spaces Ltd
All →Smartworks Coworking Spaces Investor Presentation: Key Takeaways
Q2 FY27 revenue ₹5,914 Mn (+39% YoY), normalised EBITDA ₹1,169 Mn (19.8% margin), normalised PAT ₹434 Mn. FY27 revenue growth guidance raised to 33–35%.
- Call
- Guides 34% growth
Smartworks Coworking Spaces Results Update
Smartworks Q2 FY27 revenue grew 39% YoY to ₹591 crore with normalised EBITDA at ₹117 crore. Company raised FY27 revenue growth guidance to 33–35% from 28–30%.
Smartworks Coworking Spaces Q2 FY27 Results: Turns Profitable, Net Profit ₹25.6 Cr
Smartworks Coworking Spaces Ltd reported revenue from operations of ₹591.4 Cr (+39.2% YoY) and net profit of ₹25.6 Cr for Q2 FY27.
- Key figure
- Net profit ₹25.6 Cr
Smartworks Coworking Spaces Other Announcement
Smartworks Coworking Spaces Ltd filed its quarterly shareholding pattern for the period ended September 30, 2026, as required under SEBI regulations.
Smartworks Coworking Spaces Capital Structure Change
Smartworks Coworking filed an NCLT application to reduce its securities premium account by ₹385.62 Crore to set off accumulated losses, rationalizing its balance sheet.
- Value
- ₹385.6 Cr
Smartworks Coworking Spaces Board Meeting Date
Smartworks Coworking Spaces Limited will hold a Board meeting on October 30, 2026, to consider and approve its unaudited financial results for the second quarter.