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Earnings Call

Smartworks Coworking Spaces Earnings Call: Key Takeaways

Smartworks transitioned to a 'compounding phase' in Q3FY26, hitting record revenue and EBITDA while turning PAT positive under IndAS.

Why this was an Alfa AlertNot a filter event. Performance was strong but no specific prior guidance was provided for comparison.
Highlights
Revenue growth34% YoY revenue growth to ₹472 crore.
MarginsMargins expanded 150 bps to 18% through operating leverage.
Order bookLOIs signed for 1.62 million sq ft this quarter.
Demand visibilityStrong enterprise demand; GCCs contribute 15% of rental revenue.
Management confidenceExtremely high, emphasizing a 'compounding phase' and self-funded growth.

Growth

Revenue grew 34% YoY and 11% QoQ, driven by 92% occupancy in mature centers and 18% normalized EBITDA margins.

Outlook

Projecting 3 million sq ft annual expansion; current operational portfolio stands at 15.3 million sq ft.

Risks

High client concentration in GCCs (90% revenue) and potential execution delays in operationalizing the massive 1.62 million sq ft pipeline.

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
₹529.90
Market cap
₹6,061 Cr
Revenue (annual)
₹1,796 Cr
Net profit (annual)
₹10.53 Cr
P/E (TTM)
217.4×Sector 37.2×
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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