Smartworks Coworking Spaces Ltd

Smartworks Coworking Spaces Ltd has leased over 400 seats to a Japanese NBFC subsidiary in Mumbai. This five-year agreement is projected to generate approximately INR 35 Crore in rental revenue. The deal highlights Smartworks' strength in the large-format enterprise segment, where clients with 300+ seats contribute significantly to revenue. As of March 31, 2026, Smartworks manages 16.1 million sq. ft. across 66 centers in India and Singapore, focusing on transforming large properties into managed campuses for enterprises.

Smartworks Coworking Spaces Ltd has expanded its presence in Bengaluru by leasing a new campus at Sattva Aura, spanning approximately 4.92 lakh sq. ft. This move strengthens Smartworks' focus on large-format managed campuses in key enterprise corridors. The company reported revenues of ₹1,796 crore for FY26, a 31% year-on-year increase, and has a contracted rental revenue of over ₹5,200 crore. Smartworks now operates across 16.1 million sq. ft. in 66 centers across 15 cities, including Singapore.

Smartworks Coworking Spaces Ltd has announced the addition of 492,661 Sq. Ft to its existing capacity in Bengaluru. This expansion is part of the company's strategy to support business growth and broaden its operational footprint. The company's existing capacity as of March 31, 2026, was 13.7 million Sq. Ft (Leased) and 10.1 million Sq. Ft (Operational), with an 82% utilization rate for operational capacity. The expansion is expected to be completed within May 2026, with an investment of approximately ₹70.00 Crores financed through internal accruals and issue proceeds.

Smartworks Coworking Spaces Ltd has expanded its capacity by 402,200 Sq. Ft in Gurugram. This addition is part of the company's strategy to support business growth and expand its operational footprint. As of March 31, 2026, Smartworks has an existing leased capacity of 13.7 million sq. ft, with 10.1 million sq. ft operational and an 82% utilization rate. The expansion is expected to be completed within May 2026, with an investment of approximately ₹60.00 Crores financed through internal accruals and issue proceeds.

Smartworks Coworking Spaces Ltd has submitted its Monitoring Agency Report for the quarter ended March 31, 2026, in compliance with SEBI regulations. The report, issued by CARE Ratings Limited and reviewed by the company's Audit Committee, confirms that there was "No deviation" from the objects of the IPO issue. This disclosure pertains to the utilization of the ₹445.00 crore IPO proceeds, ensuring transparency and adherence to the stated objectives.

Smartworks Coworking Spaces Ltd has released a shareholder's letter dated April 30, 2026, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The letter, signed by Company Secretary Punam Dargar, highlights the company's performance in FY26, noting that revenue growth, margin expansion, and operating cash flows exceeding EBITDA targets were met. It also mentions India's office market absorption and the increasing role of GCCs and flex operators in leasing activity.

Smartworks Coworking Spaces Ltd's Board of Directors, at its meeting on April 30, 2026, approved the Audited (Standalone and Consolidated) Financial Statements/Results for the quarter and financial year ended March 31, 2026. The company's statutory auditors, M/s. Deloitte Haskins & Sells LLP, have issued an unmodified opinion on these annual audited financial results. The board meeting commenced at 09:30 A.M. and concluded at 10:28 A.M. (IST).

Smartworks Coworking Spaces Ltd announced record financial results for FY26, its first full year as a listed entity. Revenue from operations surged 31% year-on-year to ₹1,796 Cr. Normalised EBITDA increased by 75% to ₹314 Cr, with margins expanding 440 basis points to 17.5%. The company achieved its first full year of reported PAT profitability at ₹11 Cr, a significant turnaround from a loss of ₹63 Cr in FY25. Normalised ROCE more than doubled to 16% for the year, up from 7.3% in FY25. Smartworks also became the first listed flexible workspace platform in India to exceed 10 million square feet of operational footprint and crossed ₹5,200 Cr+ in contracted rental revenue. The company ended FY26 with a net cash position of ₹56 Cr, having reduced gross debt by over 50% since its IPO. Q4 FY26 was its strongest quarter ever, with revenue at ₹520 Cr and reported PAT of ₹17 Cr.

Smartworks Coworking Spaces Ltd announced that its Board of Directors, at a meeting held on April 30, 2026, approved the Audited (Standalone and Consolidated) Financial Statements/Results for the quarter and financial year ended March 31, 2026. The company also confirmed that its Statutory Auditors, M/s. Deloitte Haskins & Sells LLP, have issued an Audit Report with an unmodified opinion on these annual audited financial results. The meeting commenced at 09:30 A.M. (IST) and concluded at 10:28 A.M. (IST).

Smartworks Coworking Spaces Ltd has announced that its Board of Directors will convene a meeting on Thursday, April 30, 2026. The primary agenda for this meeting is to consider and approve the Audited Standalone and Consolidated Financial Statements and Results for the quarter and financial year ended March 31, 2026, along with the accompanying Auditor’s Report. Additionally, the company reiterated that the trading window for its securities remains closed and will reopen 48 hours after the declaration of these financial results, in compliance with SEBI insider trading regulations.