Smartworks Q1 FY27 Revenue ₹5,462 Mn, Up 44% YoY

Smartworks Coworking Spaces Ltd has released its Q1 FY27 shareholder letter, reporting significant year-on-year growth. Revenue for the quarter stood at ₹5,462 Mn, a 44% increase, with Normalised EBITDA growing 74% YoY to ₹1,069 Mn, resulting in margins of 19.6%. The company's operational footprint expanded to 10.4 million square feet, with mature centers achieving 92% committed occupancy. Key strategic shifts include an increase in multi-city clients (35% of revenue), a larger enterprise cohort (41% of revenue), and a growing contribution from GCC clients (21% of revenue). The company has secured new buildings for the next two years of expansion, reinforcing its strategy of leasing prime locations and converting them into managed workspaces.