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Smartworks is aggressively expanding footprint, leading to a temporary cash burn while revenue guidance is raised on strong enterprise and GCC demand.
Q2 FY27 revenue ₹5,914 Mn (+39% YoY), normalised EBITDA ₹1,169 Mn (19.8% margin), normalised PAT ₹434 Mn. FY27 revenue growth guidance raised to 33–35%.
Smartworks Q2 FY27 revenue grew 39% YoY to ₹591 crore with normalised EBITDA at ₹117 crore. Company raised FY27 revenue growth guidance to 33–35% from 28–30%.
Smartworks Coworking Spaces Ltd reported revenue from operations of ₹591.4 Cr (+39.2% YoY) and net profit of ₹25.6 Cr for Q2 FY27.
Smartworks Coworking Spaces Ltd filed its quarterly shareholding pattern for the period ended September 30, 2026, as required under SEBI regulations.
Smartworks Coworking filed an NCLT application to reduce its securities premium account by ₹385.62 Crore to set off accumulated losses, rationalizing its balance sheet.
Smartworks Coworking Spaces Limited will hold a Board meeting on October 30, 2026, to consider and approve its unaudited financial results for the second quarter.
Smartworks Coworking Spaces Limited secured new managed office leasing deals from clients worth approximately ₹305 Crore, spanning a tenure of up to 60 months.
Smartworks Coworking Spaces appointed Dilip Deshmukh as Independent Director at its 11th AGM. Rajeev Agarwal's designation was upgraded from Additional to Non-Executive Independent Director.
Smartworks Coworking Spaces Limited held its 11th Annual General Meeting on September 22, 2026. The meeting covered financial adoption, director appointments, and other business items.
Smartworks Coworking Spaces Limited filed its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26. This is a mandatory periodic regulatory disclosure.
Smartworks Coworking Spaces Limited has scheduled its 11th Annual General Meeting for September 22, 2026. The notice includes appointments of directors and approval for consultancy fees.
Smartworks Coworking Spaces will use its Securities Premium Account to write off accumulated losses of ₹385.62 Crore. This NCLT-sanctioned restructuring involves no capital reduction or cash outflow.
Smartworks Coworking Spaces Limited announced the recommendation to appoint Mr. Dilip Deshmukh and Mr. Rajeev Krishnamuralilal Agarwal as Non-Executive Independent Directors.
The Board approved the appointment of two Independent Directors and a scheme for reduction of share capital by setting off accumulated losses against securities premium.
Smartworks announced ~INR 235 Crore in incremental contracted rental revenue from expansion mandates. This growth reflects continued demand for its managed office platform from enterprise clients.
Smartworks Coworking Spaces is adding 176,285 sq. ft. of capacity by August 2026, requiring a ₹28 Crore investment to support business growth.
Smartworks Coworking Spaces Limited is expanding its operational footprint by adding ~176,285 Sq. Ft. of space in Pune. This capacity addition supports the company's business growth.
Smartworks Coworking Spaces Limited has allotted equity shares under an ESOP/ESPS scheme. This allotment increases the company's paid-up share capital.
Smartworks Coworking Spaces allotted 1,19,000 equity shares following the exercise of options under its Employee Stock Option Plan 2022. This issuance increases the company's paid-up equity base.