Smartworks Q1 FY27: Revenue up 44% YoY, EBITDA margin at 19.6%

Mgmt Guided Margin ImprovementOrder Pipeline DisclosedInvestor Communications View source PDF

SMARTWORKS · price

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AI summary

Smartworks Coworking reported Q1 FY27 revenue of INR 5,462 Mn, up 44% YoY. Normalised EBITDA grew 74% YoY to INR 1,069 Mn with margin at 19.6%, up 340 bps. Normalised PAT surged 197% YoY to INR 388 Mn. Annualised RoCE held at 21.5%, up 870 bps YoY. Total SBA reached 16.9 Msf across 70 centres in 15 cities. About 87 percent of FY27 revenue (around INR 54,000 Mn) already contracted. FY27 guidance reaffirmed: 28-30 percent revenue growth and 19-20 percent EBITDA margin. Net debt nearly zero at INR 56 Mn.

Likely market impact

Strong Q1 with margin expansion and high revenue visibility through FY27. Reaffirmed guidance and near-zero debt signal confidence and growth flexibility.