SMARTWORKS
Smartworks Coworking Spaces Limited
NSELast Traded Price
₹542
1.4 (0.26%)
Open
₹537.55
High
₹542
Low
₹533.75
Prev Close
₹540.6
Industry
Diversified Commercial Services
Market Cap
6193.00 Cr
Filing History
Recent corporate announcements and filings for SMARTWORKS
Governance
Positive
2026-08-24 17:51
- Board approved appointments of Mr. Dilip Deshmukh and Mr. Rajeev Krishnamuralilal Agarwal as Non-Executive Independent Directors for 5 years.
- Approved reduction of Share Capital to set off accumulated losses of ₹385.62 Cr against Securities Premium Account (₹798.22 Cr), effective March 31, 2026, without impacting net worth or operations.
Governance
Positive
2026-08-24 17:51
- Board approved appointment of two Non-Executive Independent Directors for 5 years.
- Scheme for Reduction of Share Capital approved to set off accumulated losses (₹385.62 Cr) against Securities Premium Account (₹798.22 Cr) for a true financial view.
Governance
Positive
2026-08-24 17:51
- Board of Directors approved the appointment of Mr. Dilip Deshmukh and Mr. Rajeev Krishnamuralilal Agarwal as Non-Executive Independent Directors for 5 years.
- Also approved a scheme to reduce share capital by setting off accumulated losses of INR 3,85,61,76,525 against the Securities Premium Account.
- This aims to improve financial representation and requires shareholder and NCLT approval, with no impact on paid-up capital or shareholders.
Business Update
Positive
2026-08-24 07:44
- Order Win: Smartworks Coworking Spaces Limited secured incremental contracted rental revenue from existing enterprise clients, including Fortune 500 and Forbes 2000 companies.
- Order Value: ~₹235 Crore in incremental contracted rental revenue.
- Contract Duration: Up to 60 months.
- Key Context: This builds on the company's existing ~₹5,400 crore contracted rental revenue as of June 30, 2026.
Business Update
Positive
2026-08-14 20:38
- Smartworks Coworking Spaces Limited added ~176,285 Sq. Ft to its existing capacity in Pune.
- The capacity addition, completed within August 2026, required an investment of up to ₹28.00 Crores.
- This expansion supports business growth and broadens the company's operational footprint.
Ownership
Neutral
2026-08-14 16:21
- Allotment of 1,19,000 Equity Shares on August 14, 2026, upon exercise of options under the Employee Stock Option Plan 2022.
- The company's issued and paid-up equity share capital now stands at 11,43,81,076 shares.
Business Update
Neutral
2026-08-05 21:58
- Investor/Analyst Meeting Schedule
- Meeting Date: Monday, 10th August, 2026
- Meeting Time: 2:00 PM (IST) onwards
- Event: Nirmal Bang Semi-Annual Investor Conference
- Mode: In Person
- Location: Mumbai
Business Update
Positive
2026-08-05 09:13
- Smartworks Coworking Spaces Limited has expanded its presence in Delhi NCR with a new managed office at 4 Worldmark, Aerocity, spanning approximately 1.41 lakh sq. ft.
- The new centre strengthens the company's footprint in one of Delhi NCR's fastest-growing commercial hubs.
- Smartworks reported Q1 FY27 revenue of ₹546 crore (up 44% YoY) and contracted rental revenue of ₹5,400 crore, indicating strong multi-year visibility.
Business Update
Positive
2026-08-04 19:40
- Company added ~1,41,124 Sq. Ft to its existing capacity in Aerocity, Delhi NCR.
- The capacity addition is expected to be completed by August/September 2026.
- Investment required is upto INR 25.00 Crores.
- Rationale is to support business growth and expand operational footprint.
Business Update
Positive
2026-07-28 22:28
- Q1 FY27 Consolidated Revenue: ₹546Cr (▲44% YoY).
- Q1 FY27 Normalized EBITDA: ₹107Cr (▲74% YoY) with margin expanding to 19.6% (vs 16.2% in Q1 FY26).
- Q1 FY27 Normalized PAT: ₹39Cr (nearly tripled, ▲200% YoY).
- FY27 Revenue growth guidance reaffirmed at 28-30%.
- FY27 Normalized EBITDA margin guidance reaffirmed at 19-20%.
- FY27 Capex outlay expected to be ₹550-600Cr.
- Operational footprint to exceed 13 million sq ft by March 2027, adding 2.5-3 million sq ft in FY27.
- Committed contracted revenue stands at ₹5,400Cr, covering 87% of FY27 revenue.
- ROCE held at 21.5% in Q1 FY27, with expansion expected through FY28.
- Value Added Services (VAS) revenue grew from ₹22Cr to ₹68Cr YoY, contributing to margin accretion.
- Credit rating upgraded earlier this year.
- Operational footprint is 10.4 million sq ft with mature centers at 92% committed occupancy.
- Expanding internationally in Singapore with the acquisition of Workstudio.
Business Update
Neutral
2026-07-22 18:59
- Audio recording of the analyst meet held on July 22, 2026, discussing the Un-Audited Financial Results for the quarter ended June 30, 2026, is now available on the company's website.
Routine
Neutral
2026-07-22 14:59
New Filing detected. See link for details.
Financials
Positive
2026-07-22 14:47
- Consolidated Revenue ₹546.2 Cr vs ₹379.2 Cr (▲44% YoY)
- EBITDA ₹106.9 Cr vs ₹61.4 Cr (▲74% YoY)
- PAT ₹38.8 Cr vs ₹13.1 Cr (▲197% YoY)
- EBITDA Margin 19.6% vs 16.2% (▲340bps)
Financials
Positive
2026-07-22 12:37
- Consolidated Revenue ₹546 Cr (▲44% YoY)
- Normalised EBITDA ₹107 Cr (▲74% YoY)
- Normalised PAT ₹39 Cr vs ₹13 Cr (▲197% YoY)
- EBITDA Margin 19.6% vs 16.23% (▲337 bps)
- Company reiterates FY27 guidance of 28-30% revenue growth, 19-20% normalised EBITDA margin, and an operational footprint of 12.5-13 million sq. ft. by March 2027.
Financials
Positive
2026-07-22 12:05
- Consolidated Revenue ₹5,462.48Mn vs ₹3,792.11Mn (▲44.05% YoY)
- EBITDA ₹3,459.56Mn vs ₹2,410.24Mn (▲43.54% YoY)
- PAT ₹131.48Mn vs ₹(41.97)Mn (Switched from loss to profit YoY)
- EBITDA Margin 63.33% vs 63.56% (▼23bps)