| Management target | Revenue 29.0% FY27 |
|---|
| Revenue growth | 44% YoY, 5% QoQ |
|---|---|
| Margins | EBITDA margin up to 19.6% from 16.2% YoY |
| Order book | INR 5,400 Cr committed contracted revenue |
| Demand visibility | Strong; 3.5M sq. ft. signed/under construction |
| Management confidence | High; 87% of FY27 revenue already contracted |
Growth
Revenue rose 44% YoY; normalized PAT nearly tripled to INR 39 Cr. Normalized EBITDA up 74% YoY to INR 107 Cr.
Outlook
Guided 28-30% FY27 revenue growth; targeting 13M+ sq. ft. by March 2027; FY27 capex INR 550-600 Cr.
Risks
Slight OCF decline due to INR 33 Cr security deposits; potential short-term occupancy volatility from rapid expansion.
Last quarter's promises, checked
Delivered
- Guided 30%+ revenue growth → delivered 44% YoY (= BEAT)
- Targeted 12M+ sq. ft. mature center scale → delivered 12.7M sq. ft. portfolio (= BEAT)
- Guided doubling GCC revenue share → delivered 21% from 15% YoY (= BEAT)
Partly delivered
- Guided 23-24% center-level EBITDA → delivered 19.6% corporate EBITDA (= PARTIAL)
Earnings Call Transcript filed with BSE, NSE: SMARTWORKS. Summary written with AI assistance from 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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