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Earnings Call

Smartworks Coworking Spaces Earnings Call: Key Takeaways

Smartworks reported strong FY26 performance with Revenue at ₹17,958 Mn and Normalised EBITDA margin expanding to 17.5%. The company hit 10.1 Msf operational SBA.

Why this was an Alfa AlertNot a filter event. Performance is strong but no material beat (>5%) over explicit prior guidance ranges was confirmed.
Highlights
Revenue growth31% YoY in FY26; 45% YoY in Q4FY26.
MarginsNormalised EBITDA margin improved from 13.1% in FY25 to 17.5% in FY26.
Order bookContracted rental revenue of ~₹52,000 Mn+.
Demand visibilityStrong; 47 months avg tenure for 300+ seat clients.
Management confidenceHigh; citing structural shift to core+flex models and AI-led demand.

Growth

FY26 revenue grew 31% YoY; Normalised PAT reached ₹966 Mn, up 453% YoY.

Outlook

Targeting 2.5-3 Mn sq ft annual additions; supply visibility secured for FY27 and 75% for FY28.

Risks

Potential supply-demand mismatch in top cities and concentration risk despite portfolio diversification efforts.

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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