Quarterly Result22 Jul 2026, 12:48 pm
Smartworks Revenue Jumps 44% to ₹546 Cr in Q1 FY27
AI Summary
Smartworks Coworking Spaces Ltd reported a 44% year-on-year increase in revenue to ₹546 crore for the quarter ended June 30, 2026. Normalised Profit After Tax (PAT) nearly tripled to ₹39 crore, up from ₹13 crore in the prior year. The company also announced plans for the world's largest managed office campus in Pune, scheduled to open in H2 FY27. With ₹5,400 crore of revenue already contracted, Smartworks reiterated its full-year guidance and highlighted strong demand from large enterprises, with clients having over 1,000 seats contributing 41% of rental revenue.
Key Highlights
- Revenue grew 44% YoY to ₹546 crore in Q1 FY27.
- Normalised PAT surged 197% YoY to ₹39 crore.
- Secured ₹5,400 crore in contracted revenue.
- World's largest managed office campus to open in Pune in H2 FY27.
- Expansion pipeline secured through FY28 and partially FY29.
Price Impact
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