| Revenue guidance | 29.0% → 34.0% Raised by 5.0 percentage points |
|---|---|
| Management target | Revenue 34.0% FY27 |
| Revenue growth | Q2 +39% YoY; H1 +41% YoY |
|---|---|
| Margins | Normalised EBITDA margin 16.4% to 19.8% YoY |
| Order book | Contracted rental revenue ~₹58,000 Mn |
| Demand visibility | ~₹58,000 Mn contracted rental revenue |
Growth
H1 FY27 revenue +41% YoY to ₹11,376 Mn; normalised PAT +161% to ₹822 Mn. Q2 normalised PAT +136% YoY.
Outlook
FY27 revenue growth guided 33–35%, EBITDA margin 19–20%, operational space 12.5–13.0 Msf, capex ₹5,500–6,000 Mn.
Risks
H1 free cash flow negative at ₹(1,044) Mn. Normalised OCF/EBITDA at 0.9x as deposits are paid for H2 campuses.
Last quarter's promises, checked
Delivered
- Guided rev growth 28–30% → H1 +41%, FY raised to 33–35% (= BEAT)
- Guided ₹54,000 Mn contracted → ~₹58,000 Mn (= BEAT)
Partly delivered
- Guided capex ₹5,500–6,000 Mn → H1 ₹3,066 Mn (= PARTIAL)
- Guided EBITDA margin 19–20% → Q1 19.6%, Q2 19.8% (= PARTIAL)
- Guided Eastbridge+Eastside H2 (3 Msf) → ~1.7 Msf (= PARTIAL)
Missed
- Guided OCF/EBITDA >1x → 0.9x (= MISS)
- Guided self-funded, net debt ₹56 Mn → ₹827 Mn, H1 FCF ₹(1,044) Mn (= MISS)
- Guided >13 Msf by Mar-27 → 12.5–13.0 Msf (= MISS)
Investor Presentation filed with NSE, NSE: SMARTWORKS. Summary written with AI assistance from the document.
Smartworks Coworking Spaces Ltd: key numbers
- Share price
- ₹484.50
- Market cap
- ₹5,542 Cr
- Revenue (annual)
- ₹1,796 Cr
- Net profit (annual)
- ₹10.53 Cr
- P/E (TTM)
- 198.8×Sector 33.8×
- 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 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%.
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- From
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