Smartworks Coworking Spaces Limited has informed the Exchange about Presentation
SMARTWORKS · price
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Smartworks submitted its analyst/institutional investor presentation for a meeting organized by Centrum Broking. The presentation highlights that Smartworks is the first listed flex platform to cross 10 Msf of operational SBA (10.1 Msf out of 16.1 Msf total), with 369k seat capacity across 66 centres in 15 cities. FY26 revenue grew 31% YoY to ₹17,958 Mn, while Normalised EBITDA surged 75% YoY to ₹3,144 Mn with Q4FY26 margin at 19%, up from 16% in Q4FY25. Normalised PBT jumped 453% YoY to ₹1,290 Mn. Committed rental revenue stands at ~₹52,000 Mn (for unexpired lease term), with committed occupancy at 88% and mature centres at 93%. The company is net debt negative (Net Debt: -₹561 Mn) with ROCE at 22% for Q4FY26, up from 15% a year ago. The presentation emphasizes enterprise-led demand (90% of rental revenue), whole-building acquisition strategy, and structural tailwinds from India's flex stock expected to cross 100 Msf by 2027.
The strong FY26 results — with 75% EBITDA growth, near doubling of PBT, and improving ROCE — signal the company's transition from a scaling phase to a cash-compounding phase, reinforcing its position as the dominant listed flex workspace operator in India.