Smartworks Coworking Spaces Ltd

Smartworks Hits Key Milestones: 10.1M Sq Ft Operational, PAT Profitability Achieved 📈

- Crossed 10.1 million sq ft operational area; total footprint including LOIs at 16.1 million sq ft

- Revenue grew 31% YoY to ₹1,796 Cr in FY26

- Normalised EBITDA increased 75% YoY to ₹314 Cr with margin expansion of 440 basis points

- Achieved first full-year PAT profitability of ₹10 Cr in FY26 (vs. loss of ₹63 Cr in FY25)

- Contracted rental revenue exceeded ₹5,200 Cr with 82.5% coverage for FY27 projected revenue

- Enterprise clients contributed over 90% of rental revenue

- Large-format deals (1,000+ seats) increased to 37% of revenue

- IT/ITeS declined from 42% to 39% of rental revenue

- GCC revenue exceeded 15% of rental revenue

- Occupancy stood at 82% overall; mature occupancy approximately 89%

- ROCE more than doubled from 7.3% to 16.0% in FY26

- Secured 100% supply visibility for FY27 and 75% for FY28