Smartworks Raises FY27 Revenue Growth Guidance to 33-35%
Smartworks Coworking Spaces Ltd has announced an upward revision of its FY27 revenue growth guidance to 33-35%, from the earlier 28-30%. The company also expects to maintain normalized EBITDA margins at 19-20%, trending towards the upper band. In the first half of FY27, revenue grew by 41% year-on-year, with Q2 FY27 marking the sixth consecutive quarter of sequential growth. The company is expanding its operational space, securing significant capacities like Eastside in Pune and Eastbridge in Mumbai, with healthy pre-commitments. Smartworks is also strengthening its developer partnerships and aims to have 4.3 million sq ft in hand against the 1.6 to 2.1 million sq ft needed by March. Key clients are demonstrating significant expansion, with over 35 clients now having more than 1,000 seats and over 75 clients operating in multiple cities.
Key Highlights
- FY27 revenue growth guidance increased to 33-35%.
- EBITDA margins expected to remain strong at 19-20%.
- Secured significant new campus capacities in Pune and Mumbai.
- Strong client retention and expansion across multiple cities.
- Operational space target remains ambitious with strong pipeline.
Price Impact
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