Smartworks Revenue Jumps 44% to ₹546 Crore in Q1 FY27; PAT Triples to ₹39 Crore
Smartworks reported Q1 FY27 revenue up 44% to ₹546 crore and normalised PAT nearly tripled to ₹39 crore. ₹5,400 crore revenue is contracted, covering 87.2% of full-year guidance. The world's largest managed office campus is set to open in Pune in H2 FY27. FY27 guidance reiterates 28-30% revenue growth.
The announcement details significant financial growth, expansion plans including the world's largest managed office campus, and strong future revenue visibility through contracted leases. This indicates a substantial positive impact on the company's market position and future prospects.
The company reported strong year-on-year growth in revenue and profit, exceeding market expectations and demonstrating robust expansion. The reiteration of positive full-year guidance and significant contracted revenue further contributes to a positive sentiment.
Smartworks Coworking Spaces Limited announced its Un-Audited (Standalone & Consolidated) Financial Results for the quarter ended June 30, 2026. The company reported a revenue of ₹546 crore, marking a 44% increase year-on-year and a 5% sequential growth, which is the fifth consecutive quarter of growth since its listing.
Normalised profit after tax (PAT) nearly tripled to ₹39 crore, a 197% increase from ₹13 crore in the same quarter last year. Reported PAT stood at ₹13 crore. Normalised EBITDA grew by 74% to ₹107 crore, with a margin of 19.6%. Normalised operating cash flow was ₹95 crore, reflecting strong cash generation.
The company also highlighted significant progress in securing future space. ₹5,400 crore of revenue is already contracted, covering 87.2% of the full-year guidance. Future expansion plans for FY27 and FY28 are fully booked, with work commencing for FY29. A new managed office campus, Eastside in Pune, spanning approximately 8.63 lakh sq. ft., is scheduled to open in the second half of FY27 and is expected to be the world's largest managed office campus.
As of June 30, 2026, Smartworks' operational portfolio expanded to 10.4 million sq. ft. across 54 centres in 15 cities, including Singapore. The total secured footprint is approximately 16.9 million sq. ft. across 70 centres. The company reiterated its FY27 guidance, projecting 28-30% revenue growth, 19-20% normalised EBITDA margin, and an operational footprint of 12.5-13 million sq. ft. by March 2027.
Management commentary emphasized the growing preference of large enterprises for flexible, fully managed workspaces. The contribution of clients with over 1,000 seats to rental revenue increased to approximately 41%, and revenue from multi-city clients rose to about 35%. The company's strategy of securing long-term leases for large campuses in prime locations well in advance is noted as a key differentiator.
What to do with a filing like this
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.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Smartworks Coworking Spaces Limited. Read the original for the full detail.