Smartworks Coworking Spaces Limited has informed the Exchange regarding press release dated April 30, 2026, titled "Media Release - Audited (Standalone & Consolidated) Financial Statements/Results for the quarter and financial year ended March 31, 2026 -Titled: Smartworks Delivers Record FY26: Revenue up 31% to Rs. 1,796 Cr; Normalised EBITDA up 75% to Rs. 314 Cr; Normalised ROCE more than Doubles to 16% for the Year".
SMARTWORKS · price
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On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 2.9 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Smartworks Coworking Spaces reported its first full year as a listed company with outstanding FY26 results. Revenue grew 31% to Rs. 1,796 Crore, while Normalised EBITDA surged 75% to Rs. 314 Crore with margins expanding 440 basis points to 17.5%. The company achieved its first full-year reported PAT profitability of Rs. 11 Crore versus a loss of Rs. 63 Crore in FY25. ROCE more than doubled to 16% from 7.3% previously. Q4 FY26 was the strongest quarter ever with revenue of Rs. 520 Crore, up 45% year-on-year. The company became India's first listed flex workspace platform to cross 10 million square feet of operational area, and enters FY27 with Rs. 5,200+ Crore of contracted rental revenue and 100% supply secured.
Strong execution with simultaneous improvement in revenue, margins, profitability, and capital efficiency signals a sustainable business model. The company achieved net cash position (net debt negative Rs. 56 Crore) with gross debt cut by over 50% since IPO, indicating disciplined capital management that should support further expansion without dilution risk.