Smartworks Coworking Spaces Limited has informed the Exchange regarding a press release dated August 12, 2025, titled "Media Release - Unaudited (Standalone and Consolidated) Financial Results for the quarter ended June 30, 2025".
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Smartworks Coworking Spaces Limited reported its first set of quarterly results post its NSE/BSE listing on July 17, 2025. Revenue from operations for Q1 FY26 stood at ₹3,792 million. IND-AS EBITDA was ₹2,410 million (up 25.5% YoY) at a 63.6% margin, while normalised EBITDA (adjusting for accounting provisions) rose 109% YoY to ₹607 million at ~16% margin. The company swung to a normalised profit before tax of ₹168 million (4.4% margin) from a loss of ₹102 million in Q1 FY25, and the reported PBT loss narrowed to ₹(56) million from ₹(311) million. Normalised operating cash flow jumped 71% YoY to ₹855 million, and normalised ROCE improved to 13%. Portfolio expanded to ~12 million sq. ft. (10.08 Mn leased, 0.70 Mn under fit-out, 1.07 Mn scheduled for handover in Q2–Q3 FY26), with operational occupancy above 83%, committed occupancy above 89%, and enterprise clients making up over 90% of the portfolio. The company also highlighted more than ₹40,000 million in committed revenue, providing strong forward visibility.
A strong debut quarterly print with double-digit revenue growth, doubled normalised EBITDA, and a turnaround to normalised profitability should support positive investor sentiment, although the reported PBT remains marginally negative. Backlog of over ₹40,000 million in committed revenue and rapid portfolio expansion offer solid growth visibility for the rest of FY26.