Smartworks Coworking Spaces Limited has submitted to the Exchange,Outcome of Board Meeting dated Thursday, 30th April, 2026 pursuant to Reg 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
SMARTWORKS · price
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Smartworks Coworking Spaces Limited has announced its audited standalone and consolidated financial results for FY2026. Standalone revenue grew 30% to Rs 17,460 million from Rs 13,399 million in FY2025. The company turned profitable with standalone PAT of Rs 70 million compared to a loss of Rs 617 million in the previous year. Q4 standalone PAT was Rs 150 million. The company completed its IPO in July 2025, raising Rs 4,450 million from fresh issue. Total assets grew to Rs 64,001 million from Rs 46,281 million. Auditors Deloitte Haskins & Sells LLP issued unmodified (clean) opinions on both standalone and consolidated results.
The company has demonstrated strong turnaround with significant revenue growth and return to profitability, which is positive for shareholders. The successful IPO and clean audit opinions add credibility. However, high finance costs (Rs 3,608 million) and substantial lease liabilities (Rs 45,275 million) warrant monitoring.