Smartworks Coworking Spaces Ltd

📈 Smartworks Expands to 15.12M Sq Ft & Reports Strong Q1 FY26 Growth

- Total managed workspace area now 15.12M sq ft across 14 Indian cities

- Added 1.09M sq ft new supply in Q1 FY26 (Kolkata, Bangalore, Mumbai)

- Revenue: ₹3,792M in Q1 FY26 (21% YoY growth from ₹3,134M)

- EBITDA: ₹2,410M (63.6% margin) vs ₹1,921M (61.3%) in Q1 FY25

- Normalized EBITDA (adjusted): ₹607M (109.2% YoY increase)

- Operating Cash Flow improved to ₹855M from ₹501M YoY

- Annualized RoCE rose to 47.6% from 32.6% YoY

- Enterprise clients drive 90% of demand with diversified sector exposure

- Capex remains low at ~₹1,350/sq ft (below industry average)

- Leadership team stable with no attrition in 3 years