Smartworks Q1 FY27: Revenue up 44%, EBITDA jumps 74%
SMARTWORKS · price
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Smartworks Coworking Spaces reported Q1 FY27 results. Revenue rose 44% YoY to Rs 5,462 Mn. Normalised EBITDA grew 74% YoY to Rs 1,069 Mn with margins expanding 340 bps to 19.6%. Normalised PAT nearly tripled to Rs 388 Mn from Rs 131 Mn. Operational footprint reached 10.4 million sq ft with mature centres at 92% committed occupancy. Contracted rental revenue stands at about Rs 54,000 Mn, locking in 87.2% of FY27 revenue. Company reaffirmed FY27 guidance of 28-30% revenue growth and 12.5-13 Msf operational area by March 2027.
Strong quarter with revenue, EBITDA, and PAT all growing. FY27 revenue visibility is high at 87.2% already contracted. Guidance reaffirmed.