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Earnings Call

Smartworks Coworking Spaces Earnings Call: Key Takeaways

Smartworks achieved 24% YoY growth, reaching 16.1 Msf SBA and 10.1 Msf operational scale. Strategy focuses on enterprise-led demand (90% rental revenue) and high rental visibility with 89% mature occupancy.

Why this was an Alfa AlertNot a filter event. Financial results align with growth trajectory but no explicit beat of prior management guidance was stated.
Highlights
Revenue growth31% YoY for FY26; 36% CAGR (FY23-26).
MarginsNormalised EBITDA margin expanded from 6.1% (FY23) to 17.5% (FY26).
Order book₹52,000 Mn+ contracted rental revenue; durable annuity-like income.
Demand visibilitySecured supply for FY27; 75%+ for FY28.
Management confidenceStrong; cite 15x EBIT growth on modest capital increase.

Growth

FY26 revenue grew 31% YoY to ₹17,958 Mn; EBITDA surged to ₹3,144 Mn with margins expanding to 17.5%.

Outlook

Guidance suggests doubling market share; supply visibility secured for 100% of FY27 and 75% of FY28 requirements.

Risks

Asset-liability mismatch and concentration risks are cited, though mitigated by long-term 47-month average tenures and diversified client mix.

Source

Earnings Call filed with BSE, 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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