| Revenue growth | 34% YoY revenue growth to ₹472 crore. |
|---|---|
| Margins | Margins expanded 150 bps to 18% through operating leverage. |
| Order book | LOIs signed for 1.62 million sq ft this quarter. |
| Demand visibility | Strong enterprise demand; GCCs contribute 15% of rental revenue. |
| Management confidence | Extremely 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.
Earnings Call filed with NSE, NSE: SMARTWORKS. Summary written with AI assistance from the document.
Smartworks Coworking Spaces Ltd: key numbers
- Share price
- ₹510.00
- Market cap
- ₹5,833 Cr
- Revenue (annual)
- ₹1,796 Cr
- Net profit (annual)
- ₹10.53 Cr
- P/E (TTM)
- 103.0×Sector 35.3×
- 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.
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