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Earnings Call

Smartworks Coworking Spaces Earnings Call: Key Takeaways

Smartworks reported strong Q4FY26 performance, achieving ₹17,958 Mn annual revenue with a 17.5% normalized EBITDA margin, transitioning into a self-sustaining cash-compounding phase.

Highlights
Revenue growth31% YoY for FY26; 45% YoY for Q4FY26.
MarginsNormalized EBITDA margin expanded from 13% (FY25) to 18% (FY26).
Order bookINR 52,000 Mn+ contracted rental revenue.
Demand visibilityStrong enterprise-led demand with 47-month average client tenure.
Management confidenceHigh; visibility secured for FY27 and 75%+ for FY28.

Growth

FY26 revenue grew 31% YoY to ₹17,958 Mn; normalized EBITDA surged 75% YoY to ₹3,144 Mn.

Outlook

Guidance focuses on doubling market share, targeting 2.5-3 Mn sq ft annual additions through FY27-29.

Risks

Asset-liability mismatch, sector concentration in IT/ITeS, and cyclical downturns in office demand.

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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