Smartworks FY26 PAT Profitability: ₹10 Crore, Revenue ₹1,796 Crore
Smartworks reported FY26 PAT of ₹10 crore, a turnaround from FY25's loss of ₹63 crore. Revenue grew 31% YoY to ₹1,796 crore. The company crossed 10 million sq ft operational area and achieved contracted rental revenue over ₹5,200 crore. Normalised EBITDA rose 75% YoY to ₹314 crore.
The announcement details a significant financial turnaround with profitability and strong revenue growth. Key operational achievements and positive future outlook, including strong contracted rental revenue and EBITDA growth, are material to investors and the company's market position.
The company has shown significant financial improvement with profitability in FY26, a substantial increase in revenue, and positive operational milestones like crossing 10 million sq ft of operational area. The growth in EBITDA and contracted rental revenue indicates a strong financial performance and positive future outlook.
Smartworks Coworking Spaces Limited announced its financial results for the fiscal year 2026, reporting a Profit After Tax (PAT) of ₹10 crore, a significant improvement from a loss of ₹63 crore in FY25. The company's revenue from operations stood at ₹1,796 crore, marking a 31% year-on-year increase.
Key operational milestones achieved in FY26 include crossing 10 million square feet of operational area, making Smartworks the first listed flexible workspace platform in India to reach this scale. Contracted rental revenue exceeded ₹5,200 crore, providing strong multi-year visibility. The company also reported a Normalised EBITDA of ₹314 crore, up 75% year-on-year, with a Normalised EBITDA margin of over 17.5%.
The company highlighted a deepening of enterprise relationships, with revenue from clients expanding across multiple cities and sectors like BFSI and global services contributing significantly. The SmartVantage platform, focused on GCCs, is moving into an active client pipeline. Looking ahead, Smartworks aims for responsible growth, disciplined capital deployment, and continued deepening of enterprise relationships, with 10.8 million square feet of centers maturing through FY27 and contracted rental revenue exceeding ₹5,200 crore.
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Smartworks Coworking Spaces Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Smartworks Coworking Spaces Limited. Read the original for the full detail.