Smartworks Q1 FY27 Financial Results & Acquisition of Workstudio Spaces Pte. Ltd.
Smartworks Coworking Spaces Limited reported Q1 FY27 results with standalone profit after tax of ₹10.28 crore and consolidated profit after tax of ₹13.15 crore. The company acquired Singapore-based Workstudio Spaces Pte. Ltd. for SGD 2.47 million (₹18.22 crore) on July 7, 2026. IPO proceeds utilization shows ₹70.21 crore unutilized as of June 30, 2026.
The financial results show profitability, and the acquisition in Singapore suggests expansion into new markets, which could have a medium-term impact on growth.
The company reported profits for the quarter and announced a strategic acquisition, indicating growth and expansion.
Smartworks Coworking Spaces Limited announced its Un-Audited (Standalone and Consolidated) Financial Results for the Quarter ended June 30, 2026. The Board of Directors approved these results, along with the Limited Review Reports, at their meeting held on July 22, 2026.
For the quarter ended June 30, 2026, the standalone revenue from operations was ₹5,277.13 million (₹527.71 crore) and the profit after tax was ₹102.76 million (₹10.28 crore). On a consolidated basis, the total income stood at ₹5,596.66 million (₹559.67 crore) and the profit after tax was ₹131.48 million (₹13.15 crore).
The company also reported that subsequent to June 30, 2026, it acquired 100% equity shares of Workstudio Spaces Pte. Ltd., a Singapore-based coworking space operator, on July 7, 2026, for a consideration of SGD 2.47 million (₹182.20 million or ₹18.22 crore).
Details of IPO proceeds utilization up to June 30, 2026, were also provided. Out of the total IPO proceeds of ₹4,450 million (₹445 crore), ₹3,747.88 million (₹374.79 crore) had been utilized, with ₹702.12 million (₹70.21 crore) remaining unutilized, primarily for capital expenditure on new centers and security deposits.
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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 medium impact: worth reading, rarely worth acting on by itself.
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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.