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An announcement from Smartworks Coworking Spaces Limited ( (IN:SMARTWORKS) ) is now available.
Smartworks Coworking Spaces Limited, India’s largest managed office platform by area, operates over 10 million square feet of flexible workspace serving corporate occupiers across major markets. FY26 was its first full year as a listed company, marked by expanding revenue streams, improving margins and strong capital efficiency that underscore its growing prominence in India’s flex workspace industry.
For FY26, Smartworks reported a 31% year-on-year rise in revenue from operations to Rs 1,796 crore and a 75% jump in normalised EBITDA to Rs 314 crore, with margins improving to 17.5%. The company delivered its first full year of reported net profit at Rs 11 crore versus a loss in FY25, more than doubled normalised ROCE to 16%, generated operating cash flow exceeding EBITDA, reduced gross debt by over 50% since its IPO to end the year in a net cash position, and saw borrowing costs fall following a two-notch ratings upgrade.
In the March quarter, Smartworks posted its strongest-ever performance with revenue of about Rs 520 crore, up 45% year-on-year and 10% sequentially, while normalised EBITDA rose 71% and margins reached 19%. Having become the first listed flex workspace platform in India to cross 10 million square feet of operational area, the company enters FY27 with over Rs 5,200 crore of contracted rental revenue and fully secured supply, signalling strengthened balance sheet resilience and enhanced visibility for future growth for investors and other stakeholders.
More about Smartworks Coworking Spaces Limited
Smartworks Coworking Spaces Limited is India’s largest managed office and flexible workspace platform by area under management, operating more than 10 million square feet of space. The company focuses on providing managed office solutions to corporate clients across major Indian cities, positioning itself as a leading player in the country’s flex workspace sector.
Average Trading Volume: 3,298
Technical Sentiment Signal: Strong Sell
Current Market Cap: 50.3B INR
For an in-depth examination of SMARTWORKS stock, go to TipRanks’ Overview page.