Smartworks Coworking Spaces Ltd

🚀 Smartworks Coworking Spaces Ltd: Key Growth Metrics & Market Position

- Total leased space: 16.1M sq ft (March 2026), up 36% YoY

- Revenue: ₹17,958M (FY26), +31% YoY

- EBITDA: ₹11,551M (64% margin), up from 62% in FY25

- Normalized EBITDA: ₹3,144M (+75% YoY)

- Enterprise clients: 82% of rental revenue, avg tenure 47 months

- Industry mix: Business Consulting (33%), IT/Tech (23%), Engineering (15%)

- Growth rate: 24% (3x India's office market avg)

- Supply visibility: 100% secured for FY27, 75%+ for FY28

- Net debt: -₹561M (debt-negative balance sheet)

- RoCE: 16% (FY26) vs 7% (FY25)

- Operating cash flow: ₹3,564M (+42% YoY)

- Campus focus: 65% non-institutional landlords, 35% institutional developers