| Metric | Value (₹ Cr) | vs Q3 FY26 |
|---|---|---|
| Revenue | 519.68 | 10.1% |
| Total Income | 532.70 | 9.1% |
| Expenditure | 510.45 | 4.9% |
| PBT | 22.25 | 1329.0% |
| Net Profit | 16.62 | 1240.7% |
| OPM | 65.11% | 0.38pp |
| NPM | 3.12% | 2.87pp |
| EPS | 1.45 | 1218.2% |
Smartworks FY26 Revenue up 31% to ₹1,796 Cr; EBITDA up 75% to ₹314 Cr
30 Apr 2026 · 30 Apr, 11:24 am
Summary
Smartworks Coworking Spaces Limited delivered a record performance in FY26, with revenue from operations growing 31% year-over-year to ₹1,796 crore. Normalised EBITDA surged by 75% to ₹314 crore, driven by margin expansion to 17.5%, and normalised operating cash flow exceeded EBITDA. The company achieved its first full year of reported PAT profitability, posting ₹11 crore, a significant turnaround from a loss of ₹63 crore in FY25. Smartworks also marked a significant milestone by becoming the first listed flexible workspace platform in India to cross 10 million square feet of operational area and enters FY27 with a robust contracted rental revenue of over ₹5,200 crore and fully secured supply.
Key Highlights
- 1
Smartworks reported a record FY26, with revenue from operations growing 31% year-on-year to ₹1,796 crore.
- 2
Normalised EBITDA for FY26 increased by 75% to ₹314 crore, expanding its margin by 440 basis points to 17.5%.
- 3
The company achieved its first full year of reported PAT profitability in FY26, posting ₹11 crore compared to a loss of ₹63 crore in FY25.
- 4
Q4 FY26 marked the strongest quarter in the company's history, with revenue from operations reaching ₹520 crore, a 45% increase year-on-year and 10% quarter-on-quarter.
- 5
Normalised Return on Capital Employed (ROCE) more than doubled to 16% for FY26 from 7.3% in FY25, representing an 870 basis point expansion.
- 6
Smartworks became the first listed flexible workspace platform in India to cross 10 million square feet of operational footprint.
- 7
The company enters FY27 with a strong pipeline of over ₹5,200 crore in contracted rental revenue and 100% supply secured.
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