Smartworks Coworking Spaces Ltd

Smartworks Hits 10.1M Sq Ft Milestone 🏢 | Revenue Up 31% to ₹1,796 Cr

• Operational footprint reached 10.1 million sq ft, making Smartworks the first listed flex platform in India to cross this mark

• Contracted rental revenue exceeded ₹5,200 crore with 100% of FY27 supply secured

• Revenue increased 31% to ₹1,796 crore for FY26

• Q4 FY26 revenue was ₹520 crore, up 45% year-on-year

• Normalised EBITDA grew by 75% to ₹314 crore

• EBITDA margin expanded to 17.5%

• Annualised ROCE more than doubled to 16% from 7.3% in FY25

• Company achieved first full-year reported PAT profitability of ₹311 crore, compared to a loss of ₹63 crore in FY25

• Net debt was negative ₹56 crore, with gross debt reduced by over 50% since IPO

• Occupancy rates were strong: mature centres at 89%, overall at 82%

• Credit rating upgraded by CARE to A (Stable) from BBB+ (Positive)