Business Update Positive

2026-11-05 19:18

Financial Highlights - Q2 FY27 Revenue from operations grew 39% YoY and 8% QoQ to ₹591 Cr. - Normalized EBITDA reached ₹117 Cr (up 68% YoY) with margins expanding 340 bps YoY to 19.8%. - Normalized PAT grew 136% YoY to ₹43 Cr; total contracted rental revenue reached ~₹5,800 Cr. Management Guidance & Outlook - Raised FY27 revenue growth guidance to 33%–35% from the previous 28%–30%. - Normalized EBITDA margin guidance maintained at 19%–20%, trending towards the upper end. - Target operational space of 12.5M to 13M sq. ft. by March 2027; ROCE guided to approach ~28% by FY28. - Free cash flow expected to turn positive as the mature base approaches 13M sq. ft. Capex & Expansion - Full year FY27 capex guided at ₹550–₹600 Cr, with ₹307 Cr deployed in H1. - Opening ~45,000 seats in H2 FY27 led by Eastside (Pune) and East Bridge (Mumbai) campuses. - Maintenance capex estimated at ₹95–₹100 Cr; net debt stands at ₹83 Cr with borrowing costs below 9%. Growth Drivers - Large enterprises contribute 91% of rental revenue, with 1,000+ seat clients generating over 41%. - GCCs account for 22% of revenue and are expected to drive 35%–40% of incremental rental growth. - Value-added services (VAS), FaaS, and Smart Vantage drove a 125% YoY increase in other operating revenue.

Business Update Positive

2026-11-05 19:17

Management Guidance & Outlook - Raised FY27 revenue growth guidance to 33%-35% from the earlier 28%-30%. - Maintained normalised EBITDA margin guidance at 19%-20%, currently trending towards the upper band. - Targeting 12.5-13.0 million sq. ft. of operational space by March 2027, with planned annual additions of 2.5-3.0 million sq. ft. - Free cash flow expected to turn positive as operational footprint reaches 13 million sq. ft.; ROCE targeted to reach ~28% by FY28. Financial & Operational Performance (Q2 FY27) - Revenue from operations stood at ₹591 Cr, up 39% YoY and 8% QoQ. - Normalised EBITDA reached ₹117 Cr (margin of 19.8%, up 340 bps YoY); normalised PAT grew 136% YoY to ₹43 Cr. - Contracted revenue visibility stands at ~₹5,800 Cr with net debt at ₹83 Cr and cost of borrowing below 9%. - Overall occupancy stood at 81% (committed at 86%); mature portfolio occupancy stood at 88% (committed at 91%). Capex & Supply Pipeline - FY27 capex targeted at ₹550-₹600 Cr, of which ₹307 Cr was deployed in H1 FY27 (~₹200 Cr deployed in non-revenue generating assets). - Total platform stands at 17.5 million sq. ft. across 71 centres (10.9 million sq. ft. operational across 58 centres). - Scheduled to launch ~45,000 seats in H2 FY27, led by mega campuses Eastside (Pune) and East Bridge (Mumbai), with ~35% pre-commitments. Growth Drivers - Large enterprises contribute 91% of rental revenue, with 35+ clients occupying >1,000 seats (accounting for 41% of rental revenue). - GCCs currently contribute 22% of rental revenue and represent 35%-40% of incremental demand. - Other operating revenue grew 125% driven by ancillary offerings and new verticals (Smart Vantage, VAS, and FaaS).

Business Update Neutral

2026-10-30 19:32

- Audio recording of the Analyst Meet held on October 30, 2026, for Q2 & H1 FY27 financial results is available on the company's website. - The call was conducted from 1:30 PM (IST) to 2:37 PM (IST) on October 30, 2026.

Business Update Neutral

2026-10-30 19:31

- Audio recording of Analyst Meet held on October 30, 2026, made available on the company's website. - Discussed un-audited financial results for the quarter and half-year ended September 30, 2026. - The call was conducted from 1:30 PM to 2:37 PM IST.

Financials Positive

2026-10-30 14:16

Q2 FY27 Consolidated Revenue from Operations ₹5,914Mn vs ₹4,248Mn (▲39% YoY) Normalised EBITDA ₹1,169Mn vs ₹696Mn (▲68% YoY) Normalised PAT ₹434Mn vs ₹184Mn (▲136% YoY) Normalised EBITDA Margin 19.8% vs 16.4% (▲340bps YoY) Company raised FY27 revenue growth guidance to 33-35% and maintained normalised EBITDA margin guidance at 19-20%.

Business Update Positive

2026-10-30 14:15

Smartworks Coworking Spaces Ltd reported Q2 FY27 operational and financial updates with revenue of ₹5,914 Mn (up 39% YoY and 8% QoQ) and normalised EBITDA of ₹1,169 Mn (up 68% YoY). Normalised EBITDA margin stood at 19.8%, showing a 340 bps YoY expansion. The company raised its full-year FY27 revenue growth guidance to 33-35% and maintained its margin guidance at 19-20%. Operational footprint reached 10.9 Msf across 58 operational centres with strong enterprise client retention and expansion.

Business Update Positive

2026-10-30 11:47

- Raised FY27 revenue growth guidance to 33%–35% from 28%–30% - H1 FY27 revenue surged 41% YoY to ₹11,376 Mn; PAT rose 161% to ₹822 Mn - Q2 FY27 revenue grew 39% YoY to ₹5,914 Mn with 19.8% EBITDA margin - Reaffirmed FY27 capex guidance at ₹5,500–6,000 Mn

Business Update Positive

2026-10-30 11:45

- FY27 revenue growth guidance raised to 33%–35% (from 28%–30%). - Q2 FY27 Revenue rose 39% YoY to ₹5,914 Mn; Normalised EBITDA margin at 19.8% (+340 bps YoY). - Contracted rental revenue stood at ~₹58,000 Mn. - Full-year Capex target maintained at ₹5,500–6,000 Mn.

Business Update Positive

2026-10-30 11:27

- FY27 revenue growth guidance revised upward to 33–35% from 28–30% - Q2 FY27 Revenue from operations rose 39% YoY to ₹591 Cr - Normalised EBITDA increased 68% YoY to ₹117 Cr (margin at 19.8%) - Normalised PAT grew 136% YoY to ₹43.4 Cr - Contracted rental revenue reached ~₹5,800 Cr

Business Update Positive

2026-10-30 11:24

- Q2 FY27 Revenue rose 39% YoY to ₹591 Cr; Normalised EBITDA increased 68% YoY to ₹117 Cr (margin 19.8%). - Normalised PAT more than doubled to ₹43.4 Cr, up 136% YoY. - Raised FY27 revenue growth guidance to 33–35% from 28–30%. - Contracted rental revenue reached ~₹5,800 Cr with footprint at ~17.5M sq. ft.

Financials Positive

2026-10-30 10:55

Q2 FY27 Consolidated Revenue ₹591.4Cr vs ₹424.8Cr (▲39% YoY) EBITDA ₹377.6Cr vs ₹270.1Cr (▲40% YoY) PAT ₹25.6Cr vs -₹3.1Cr (Turnaround to profit) EBITDA Margin 63.8% vs 63.6% (▲20bps)

Financials Positive

2026-10-30 10:48

Q2 FY27 Consolidated Revenue ₹591.37Cr vs ₹424.78Cr (▲39.2% YoY) EBITDA ₹377.56Cr vs ₹270.14Cr (▲39.8% YoY) PAT ₹25.64Cr vs ₹(3.14)Cr (Turnaround YoY) EBITDA Margin 63.8% vs 63.6% (▲25bps)

Financials Positive

2026-10-30 10:47

Q2 FY27 Consolidated Revenue ₹591.37Cr vs ₹424.78Cr (▲39% YoY) EBITDA ₹377.56Cr vs ₹270.14Cr (▲40% YoY) PAT ₹25.64Cr vs Loss of ₹3.14Cr (Turnaround YoY) EBITDA Margin 63.8% vs 63.6% (▲20bps)

Business Update Neutral

2026-10-29 20:13

Concall Schedule Concall Date: Friday, 30th Oct 2026 Concall Time: 01:30 PM (preponed from 02:30 PM)

Business Update Neutral

2026-10-29 20:03

Concall Schedule Concall Date: Friday, 30th Oct 2026 Concall Time: 01:30 PM, IST (Preponed from 02:30 PM)

Business Update Neutral

2026-10-14 22:47

- Smartworks Coworking Spaces Limited has e-filed an application in Form RSC-1 with the NCLT, New Delhi Bench on October 14, 2026. - The application seeks sanction for the reduction of share capital via utilization of ₹3,85,61,76,525 from its Securities Premium Account. - The proposed reduction aims to fully set off accumulated losses of ₹3,85,61,76,525 as of March 31, 2026, to rationalize the balance sheet.

Routine Neutral

2026-10-14 22:46

- Smartworks Coworking Spaces Limited e-filed an application in Form RSC-1 with the NCLT, New Delhi Bench on October 14, 2026. - The application seeks sanction for the reduction of share capital through the Securities Premium Account under Section 66 and Section 52 of the Companies Act, 2013. - The proposal involves utilizing INR 385,61,76,525 out of the total balance of INR 798,22,14,923 in the Securities Premium Account. - The utilized amount will fully set off accumulated losses amounting to INR 385,61,76,525 as of March 31, 2026, to rationalize the balance sheet.

Business Update Neutral

2026-10-06 20:28

Concall Schedule Concall Date: 30th October 2026 Concall Time: 02:30 PM IST

Business Update Neutral

2026-10-06 20:22

Concall Schedule Concall Date: 30th October 2026 Concall Time: 02:30 PM IST

Governance Neutral

2026-10-01 17:29

- Board Meeting scheduled on Friday, October 30, 2026. - To consider and approve Un-Audited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026. - Trading window remains closed until 48 hours after declaration of results.

Business Update Positive

2026-09-30 07:15

Order Win: Smartworks Coworking Spaces Ltd won managed office deals from new clients Order Value: ~INR 305 Crore. Completion Timeline: Engagements of up to 60 months.

Business Update Positive

2026-09-30 07:14

Order Win: Smartworks Coworking Spaces Limited secured new managed office leasing deals worth approximately ₹305 crore from new clients. - The deals represent incremental contracted rental revenue from engagements of up to 60 months. - This adds to the company's existing contracted rental revenue base of ₹5,400 crore as of June 30, 2026.

Governance Neutral

2026-09-24 11:29

- Smartworks Coworking Spaces Limited announced the appointment of Mr. Dilip Deshmukh as a Non-Executive Independent Director for 5 years effective September 22, 2026. - Approved the change in designation of Mr. Rajeev Krishnamuralilal Agarwal from Additional Non-Executive Independent Director to Non-Executive Independent Director for 5 years effective June 25, 2026.

Routine Neutral

2026-09-23 23:24

- Trading window for dealing in company securities will close from October 01, 2026. - It will re-open 48 hours after the declaration of Un-Audited Financial Results for the Quarter and Half Year ended September 30, 2026.

Governance Neutral

2026-09-22 23:30

- Smartworks Coworking Spaces Limited held its 11th AGM on September 22, 2026. - Shareholders adopted the FY26 financial statements (audit report clean). - Key resolutions included re-appointment of a director, appointment of two Independent Directors, and approval of a share capital reduction scheme.

Business Update Neutral

2026-09-02 18:43

- Concall Schedule - Concall Date: 8th Sep 2026 - Concall Time: 9 AM (IST) onwards - Conference: Ambit REIT & Alternative Real Estate Conference

Business Update Neutral

2026-09-02 18:37

- Intimation of Analysts/Institutional Investor Meeting - Date: Tuesday, 8th Sep 2026 - Time: 9 AM (IST) onwards - Conference: Ambit REIT & Alternative Real Estate Conference - No UPSI will be discussed.

Governance Neutral

2026-08-31 20:01

- The 11th Annual General Meeting (AGM) is scheduled for September 22, 2026, at 3:30 p.m. (IST) via video conference. - Weblinks for the AGM Notice and Annual Report for Financial Year 2025-26 have been dispatched to shareholders. - The documents are also available on the company's website and stock exchange platforms.

Business Update Positive

2026-08-29 18:31

- The company filed its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26 (April 01, 2025 to March 31, 2026). - Key initiatives include estimating baseline GHG emissions for FY25-26 and planning mitigation through renewable energy and enhanced energy efficiency. - Waste management efforts include targeting zero single-use plastic, adopting glass bottles, installing hand dryers, and using recycled jumbo roll tissues. - Water conservation focuses on aerators for taps and utilizing STP-recycled water for gardening, flushing, and washroom utilities. - 0.35% of Capex (vs 0.32% in previous year) was invested in sustainability technologies, including a 9.9 MWp captive solar project and IoT-enabled solutions for energy optimization. - The company reported 0 employee/worker complaints, 27 customer complaints (successfully addressed), and 8 value chain partner complaints (duly investigated and closed) during the year. - No monetary or non-monetary fines, penalties, or punishments were paid by Smartworks or its directors/KMPs in FY 2025-26. - All employees (1038) and workers (3404 contract workers) received 100% training on Health & Safety and Skill Upgradation. - The Lost Time Injury Frequency Rate (LTIFR) for workers reduced to 1.2 (from 1.8 in previous year), with total recordable work-related injuries for workers at 12 (from 15). All employee safety metrics are 0. - Smartworks has an Anti-Bribery & Corruption Policy and provides accessible premises for differently-abled individuals. - The company has established a three-year ESG roadmap (FY 2025-26 to FY 2027-28) to integrate ESG goals into core operations.

Routine Neutral

2026-08-29 16:48

- Smartworks Coworking Spaces Limited filed its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26 on August 29, 2026. - The report covers the company's environmental, social, and governance (ESG) performance and initiatives. - It states no monetary or non-monetary fines, penalties, or settlements were paid by the company or its KMPs during the financial year.

Governance Positive

2026-08-24 17:58

- Board meeting on August 24, 2026, approved the appointment of Mr. Dilip Deshmukh and Mr. Rajeev Krishnamuralilal Agarwal as Non-Executive Independent Directors for 5 years each. - Approved a scheme for the reduction of Share Capital by utilizing approximately ₹385.6 Cr from the Securities Premium Account to set off accumulated losses. - This aims to present a true and fair financial view and provide flexibility, with no impact on issued share capital, net worth, or operations.

Governance Negative

2026-08-24 17:56

- Board approved the appointment of Mr. Dilip Deshmukh and Mr. Rajeev Krishnamuralilal Agarwal as Non-Executive Independent Directors for a 5-year term. - Approved a scheme to utilize INR 385.62 Cr from the Securities Premium Account to fully offset accumulated losses of INR 385.62 Cr as of March 31, 2026, subject to member and NCLT approval.

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.

Governance Positive

2026-08-24 17:41

- Board recommended the appointment of Mr. Dilip Deshmukh as Non-Executive Independent Director for a term of 5 years. - Board recommended the appointment of Mr. Rajeev Krishnamuralilal Agarwal as Non-Executive Independent Director for a term of 5 years. - Approved a scheme for Reduction of Share Capital by utilizing the Securities Premium Account (₹385.62 Cr) to fully set off accumulated losses (₹385.62 Cr) as of March 31, 2026. - This restructuring aims to present a true and fair financial view and provides greater financial flexibility, without affecting issued/paid-up share capital, shareholder percentage, or net worth.

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

2026-08-24 07:20

- Order Win: Smartworks secured incremental contracted rental revenue from existing Fortune 500 and Forbes 2000 clients - Order Value: ~₹235 Crore - Completion Timeline: Revenue reflects engagement tenures up to 60 months

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.

Business Update Positive

2026-08-14 20:37

- Smartworks Coworking Spaces Limited has added ~176,285 Sq. Ft to its existing capacity in Pune. - The capacity addition is expected to be completed by August 2026. - Investment required is up to INR 28.00 Crores. - The expansion aims to support business growth and expand the company's operational footprint.

Ownership Neutral

2026-08-14 16:25

- Board approved allotment of 1,19,000 Equity Shares on August 14, 2026. - These shares were allotted upon the exercise of vested options under the Company's Employee Stock Option Plan 2022. - Post-allotment, the total issued and paid-up equity share capital stands at 11,43,81,076 shares.

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 Neutral

2026-08-05 21:57

- Concall Schedule - Concall Date: Monday, 10th August, 2026 - Concall Time: 2:00 PM (IST) onwards

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

2026-08-05 09:13

- Smartworks launched a new ~1.41 lakh sq. ft. managed office at 4 Worldmark in Aerocity, Delhi NCR, in partnership with Bharti Real Estate. This expansion strengthens its footprint in a fast-growing business hub, catering to enterprise clients.

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

2026-08-04 19:39

- Added ~1,41,124 Sq. Ft to its existing capacity in Aerocity, Delhi NCR. - Capacity addition expected within August/September 2026. - Investment of upto ₹25.00 Crores (approx.) will be financed through internal accruals/issue proceeds/external debt. - The expansion aims to support business growth and expand the company's 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 Positive

2026-07-28 22:19

- Q1 FY27 Revenue increased to ₹546 crores (▲44% YoY, ▲5% QoQ). - Normalized EBITDA rose to ₹107 crores (▲74% YoY, ▲8% QoQ), with margin expanding to 19.6% from 19% last quarter. - Normalized PAT was ₹39 crores (nearly tripled from ₹13 crores YoY, ▲11% QoQ). - Reaffirmed FY27 guidance: 28-30% revenue growth, normalized EBITDA margins of 19-20%, and operational footprint over 13 million sq ft by March 2027. - Contracted revenue stands at ₹5,400 crores, covering 87% of FY27 revenue. - Capex for FY27 estimated between ₹550-600 crores. - Credit rating upgraded; balance sheet remains virtually debt-free with net debt of ₹5.6 crores. - Strategic focus on diversifying client mix, growing penetration in GCC clients, and international expansion in Singapore.

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.

Business Update Neutral

2026-07-22 18:48

- Audio recording of the analyst meet held on July 22, 2026, discussing the financial results for the quarter ended June 30, 2026, is available on the company's website.

Financials Positive

2026-07-22 15:03

- Normalised Revenue from operations ₹5,462 Mn vs ₹3,792 Mn (▲44% YoY) - Normalised EBITDA ₹1,069 Mn vs ₹614 Mn (▲74% YoY) - Normalised PAT ₹388 Mn vs ₹131 Mn (▲197% YoY) - Normalised EBITDA Margin 19.6% vs 16.2% (▲340bps)

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 12:48

- Consolidated Revenue ₹546Cr vs ₹379Cr (▲44% YoY) - Normalised EBITDA ₹107Cr vs ₹61Cr (▲74% YoY) - Normalised PAT ₹39Cr vs ₹13Cr (▲197% YoY) - EBITDA Margin 19.6% vs 16.2% (▲337bps)

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 12:09

- Consolidated Revenue ₹546.25 Cr vs ₹379.21 Cr (▲44.05% YoY) - EBITDA ₹345.96 Cr vs ₹241.02 Cr (▲43.54% YoY) - PAT moved from a loss of ₹4.20 Cr to a profit of ₹13.15 Cr YoY - EBITDA Margin 63.33% vs 63.56% (▼23bps) - Post Q1 FY27, the Group acquired 100% equity shares of Workstudio Spaces Pte. Ltd., a Singapore based coworking space operator, for ₹18.22 Cr.

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)

Financials Positive

2026-07-22 12:04

- Consolidated Revenue ₹5,462.48 Mn vs ₹3,792.11 Mn (▲44.05% YoY) - EBITDA ₹3,593.74 Mn vs ₹2,498.00 Mn (▲43.83% YoY) - PAT ₹131.48 Mn vs ₹(41.97) Mn (Swing from loss to profit ▲413.27% YoY) - EBITDA Margin 65.79% vs 65.87% (▼8 bps)

Business Update Positive

2026-07-20 08:35

- Smartworks Coworking Spaces Limited expanded its engagement with L&T Technology Services (LTTS) by adding over 1,100 seats in Pune. - The multi-city client portfolio with LTTS now totals over 2,750 seats. - The combined expected rental revenue from these locations is estimated at ~INR 115 Cr. - The Pune expansion alone is expected to generate ~INR 55 Cr. in rental revenue over a tenure of 60 months.

Business Update Positive

2026-07-17 20:12

- Smartworks Coworking Spaces Limited added ~2,47,000 Sq. Ft to its capacity in Jaipur. - Investment of ~₹35 Cr, financed by internal accruals/issue proceeds. - Aims to support business growth and expand its operational footprint.

Business Update Neutral

2026-07-15 15:47

- Concall Schedule - Concall Date: Jul 22, 2026 - Concall Time: 4:00 pm (IST)

Business Update Positive

2026-07-13 07:55

- Order Win: Smartworks Coworking Spaces Limited leased over 930 seats to an Indian subsidiary of a UK-headquartered global professional services and technology firm in Pune. - Order Value: The new 60-month engagement is expected to generate a committed rental revenue of ~INR 58 Crore. - Total Client Commitment: Including this new lease, the client's total seat count with Smartworks exceeds 1,730 seats, with a combined expected rental commitment of ~INR 102 Cr.

Governance Neutral

2026-07-11 17:07

- The Board Meeting will be held on July 22, 2026. - Purpose: To consider and approve Un-Audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. - An Investor/Analyst meet will be held on the same day to discuss the results.

Routine Neutral

2026-07-07 22:29

New Filing detected. See link for details.

Business Update Positive

2026-07-07 07:32

- Smartworks Coworking Spaces Limited completed the acquisition of Singapore-based Workstudio Spaces. - This acquisition adds over 45 clients, expanding the company's Singapore portfolio to ~76,000 sq ft with a seating capacity of over 1,500. - Management views this as a strategic step to meet demand and accelerate growth in Singapore.

Business Update Positive

2026-07-07 07:25

- Smartworks announced the completion of capacity addition through its subsidiary's acquisition of WorkStudio Spaces Pte. Ltd. on July 06, 2026. - Approximately 26,000 Sq Ft of capacity was added, expanding Smartworks' Singapore portfolio to ~76,000 sq ft. - This expansion strengthens the company's presence in Singapore and supports long-term growth in Asia. - No direct investment was made by the Company for this capacity addition.

Business Update Positive

2026-07-07 07:03

- Smartworks completed the acquisition of WorkStudio Spaces Pte. Ltd. (Singapore) for 2.47 Million SGD on July 06, 2026. - WorkStudio is now a step-down Wholly Owned Subsidiary, expanding Smartworks' flex space portfolio in Singapore to ~76,000 sq. ft.

Governance Positive

2026-06-29 08:15

- Smartworks announced the strengthening of its Board with new independent director appointments on June 29, 2026. - Mr. Rajeev Krishnamuralilal Agarwal appointed as an Additional Non-Executive and Independent Director. - Justice (Retd.) Dilip Deshmukh recommended for appointment as a Non-Executive and Independent Director, subject to shareholder approval. - These appointments aim to enhance the company's governance framework with expertise in capital markets, financial regulation, and corporate adjudication.

Routine Neutral

2026-06-26 19:21

- Trading window closed from July 01, 2026. - It will reopen 48 hours after the declaration of Q1 FY2027 financial results (quarter ended June 30, 2026).

Business Update Positive

2026-06-25 20:58

- Smartworks announced the acquisition of Workstudio Spaces Pte. Ltd., a Singapore-based flexible workspace provider. - This acquisition is set to more than double Smartworks' Singapore footprint to ~76,000 sq. ft. and over 1,500 seating capacity within two years. - The transaction is expected to be completed in July 2026.

Governance Positive

2026-06-25 18:41

- Board of Directors meeting on June 25, 2026, approved the recommendation for appointment of two Non-Executive and Independent Directors. - Mr. Dilip Deshmukh (former Chairman of CLB/NCLT) and Mr. Rajeev Krishnamuralilal Agarwal (former Whole Time Member of SEBI) are appointed for a term of three consecutive years.

Business Update Positive

2026-06-25 18:33

- Smartworks' wholly-owned subsidiary to acquire WorkStudio Spaces Pte. Ltd., adding ~26,000 Sq. Ft. capacity in Singapore. - Expected completion by July 2026. - Will double Singapore footprint to ~76,000 sq. ft. across four centres, enhancing market presence and supporting growth in Asia. - No direct investment by the parent company.

Business Update Positive

2026-06-25 18:24

- Smartworks Coworking Spaces Ltd. (via its wholly-owned subsidiary) is acquiring WorkStudio Spaces Pte. Ltd., Singapore. - This acquisition aims to strengthen Smartworks' presence in Singapore, expanding its coworking portfolio to four centers with ~76,000 sq. ft., doubling its footprint. - The transaction, valued for cash, is expected to be completed by July 2026, resulting in 100% ownership. - WorkStudio Spaces Pte. Ltd. provides flexible workspace solutions and had a turnover of INR 5.09 Crores from incorporation (Nov 2024) to March 31, 2026. - The acquisition is a related party transaction, stated to be at an "arm length's basis".

Routine Neutral

2026-06-15 19:26

- Intimation of change in Registrar and Share Transfer Agent (RTA) for Smartworks Coworking Spaces Limited. - CB Management Services Private Limited has amalgamated with MUFG Intime India Private Limited. - MUFG Intime India Private Limited will now act as the RTA, effective from May 8, 2026.

Business Update Positive

2026-06-15 08:05

- Smartworks expanded in Singapore, adding over 15,000 sq. ft. at Manulife Tower, bringing its total Singapore footprint to over 50,000 sq. ft. - The company reported record FY26 revenue of ₹1,796 Cr (▲31% YoY) and its first full year of PAT profitability.

Business Update Positive

2026-06-08 10:52

- Smartworks Coworking Spaces Limited leased over 400 seats to a Japanese NBFC subsidiary in Mumbai for a five-year tenure. - This engagement is estimated to generate rental revenue of approximately ₹35 Crore.

Business Update Neutral

2026-06-05 18:54

- Concall Schedule - Concall Date: 10th June 2026 - Concall Time: 2:30 PM (IST) - The company's representatives will participate in a virtual group meeting with Choice Institutional Equities. - No Unpublished Price Sensitive Information (UPSI) is intended to be discussed.

Routine Neutral

2026-05-29 17:37

Smartworks Coworking Spaces Limited submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026, on May 29, 2026. The report, issued by M/s. SBYN & Associates LLP, confirmed the company's compliance with applicable SEBI Regulations, circulars, and guidelines. It explicitly stated no resignations of statutory auditors from the listed entity or its material subsidiaries, and no actions taken by SEBI or Stock Exchanges against the company during the review period.

Business Update Positive

2026-05-28 21:51

CARE Ratings Limited has reaffirmed the credit ratings for Smartworks Coworking Spaces Limited's long-term bank facilities at 'CARE A; Stable' and short-term bank facilities at 'CARE A1'. The reaffirmation reflects continued improvement in scale of operations, healthy occupancy levels, and an improved financial risk profile post a successful IPO. The company achieved a net profit of ₹10.53 crore in FY26, a significant improvement from a loss of ₹63.18 crore in FY25, with overall gearing improving to 9.28x from 39.89x in FY25.

Business Update Positive

2026-05-27 14:47

Smartworks Coworking Spaces Limited announced on May 27, 2026, it has strengthened its presence in Bengaluru by leasing approximately 4.92 lakh sq. ft. of office space at Sattva Aura on the Outer Ring Road. This expansion adds to its large-format managed campuses, supporting enterprise clients. The company also highlighted FY26 revenues of ₹1,796 crore (up 31% YoY) and achieving an operational portfolio exceeding 10 million sq. ft. as of March 31, 2026.

Business Update Positive

2026-05-27 14:34

Smartworks Coworking Spaces Limited has added 4,92,661 Sq. Ft to its existing capacity in Bengaluru within May 2026. This expansion, costing approximately ₹70 Crores and financed through internal accruals or issue proceeds, is intended to support business growth and expand the company's operational footprint.

Business Update Positive

2026-05-20 22:18

Smartworks Coworking Spaces Limited has added 4,02,200 Sq. Ft to its existing capacity in Gurugram. This expansion involves an investment of approximately INR 60.00 Crores, to be financed through internal accruals or issue proceeds, and is targeted for completion within May 2026. The move aims to support business growth and expand the company's operational footprint.

Business Update Neutral

2026-05-19 16:33

Smartworks Coworking Spaces Limited announced that its representatives will participate in meetings with Centrum Broking Limited on May 22, 2026 (virtual group meeting) and Ambit Capital Private Limited on May 26, 2026 (in-person group/one-on-one meeting in Mumbai). The company reiterated that no Unpublished Price Sensitive Information (UPSI) will be discussed during these interactions.

Business Update Neutral

2026-05-06 17:17

Smartworks Coworking Spaces Limited announced the availability of the transcript from its analyst meet held on April 30, 2026. The meet discussed the Audited (Standalone and Consolidated) Financial Statements/Results for the Quarter and Financial Year ended March 31, 2026. The transcript is available on the company's website for information and records.

Business Update Neutral

2026-04-30 19:16

Smartworks Coworking Spaces Limited announced the availability of the audio recording of its analyst meet, held on April 30, 2026. The meet discussed the Audited Standalone and Consolidated Financial Statements/Results for the quarter and financial year ended March 31, 2026. The recording can be accessed on the company's website.

Financials Positive

2026-04-30 13:11

Smartworks Coworking Spaces Limited reported its first full year of PAT profitability in FY26, achieving a net profit of ₹10 crore, a significant improvement from a loss of ₹63 crore in FY25. The company also announced crossing 10 million square feet of operational area and achieving contracted rental revenue exceeding INR 5,200 Cr+.

Financials Neutral

2026-04-30 13:06

Smartworks Coworking Spaces Limited has announced the presentation of its Audited Standalone & Consolidated Financial Statements/Results for the quarter and financial year ended March 31, 2026. The presentation is attached to the filing and also available on the company's website. The financial performance figures are not detailed in the provided document pages.

Financials Neutral

2026-04-30 12:37

The Board of Smartworks Coworking Spaces Limited approved the Audited Standalone and Consolidated Financial Statements/Results for the quarter and financial year ended March 31, 2026. Statutory Auditors, Deloitte Haskins & Sells LLP, issued unmodified audit reports on both Standalone and Consolidated results. The Consolidated Financial Results table was not provided in the filing.

Financials Positive

2026-04-30 11:24

Smartworks reported strong Q4 FY26 consolidated results with Revenue from operations at ₹520 Cr (▲45% YoY) and Normalised EBITDA at ₹99 Cr (▲71% YoY). PAT for the quarter was ₹17 Cr, marking the second consecutive quarter of profitability. EBITDA Margin expanded 290 bps YoY to 19.0%.

Financials Neutral

2026-04-30 10:50

The Board of Directors of Smartworks Coworking Spaces Limited met on April 30, 2026, and approved the Audited Standalone and Consolidated Financial Statements/Results for the quarter and financial year ended March 31, 2026. The Statutory Auditors, Deloitte Haskins & Sells LLP, have issued an unmodified opinion on these financial results.

Financials Neutral

2026-04-27 20:11

Smartworks announces an investor and analyst conference call on April 30, 2026, at 4:00 PM (IST) to discuss Q4 FY26 and year-ended March 31, 2026, performance and business updates.

Financials Neutral

2026-04-27 20:02

Smartworks Coworking Spaces Limited announced that a Board Meeting will be held on April 30, 2026, to consider and approve the Audited Financial Statements/Results for the quarter and financial year ended March 31, 2026. The trading window is closed.

Business Update Positive

2026-04-21 08:29

Smartworks announced it's the first listed flex space provider in India to cross 10 million sq. ft. operational portfolio. Q3 FY26 revenue grew ~34% YoY to ~₹472 Cr, with mature centers at ~93% committed occupancy, positioning the business for sustained growth.

Business Update Positive

2026-04-06 08:11

Smartworks expanded its multi-city managed office deal with a Forbes 2000 global CX leader, adding 1,150 seats in Mumbai. The client portfolio now spans four cities with over 5,000 seats, with expected rental revenue from all locations exceeding INR 155 Cr, including INR 51 Cr from the new Mumbai deal.

Business Update Positive

2026-04-01 20:20

Smartworks Coworking Spaces Limited announced a capacity addition in Hyderabad, leasing 1,25,906 Sq. Ft. for approx. INR 17.00 Crores. This expansion, set to be operational by April 2026, will increase the company's operational footprint and support business growth.

Ownership Positive

2026-04-01 08:05

Promoters Neetish Sarda, Harsh Binani, and SNS Infrarealty LLP acquired a total of 70,742 equity shares (representing less than 2% of total shareholding) of Smartworks Coworking Spaces Limited from the open market between March 20th and March 30th, 2026.

Routine Neutral

2026-03-24 15:20

Smartworks Coworking Spaces Limited announced the closure of its trading window from April 01, 2026, until 48 hours after the declaration of audited financial results for the quarter and year ended March 31, 2026, to prevent insider trading.

Ownership Positive

2026-03-23 14:28

Smartworks' promoter, SNS Infrarealty LLP, acquired 75,000 equity shares (0.07% of total) via open market purchase between March 16-20, 2026. This voluntary disclosure highlights promoter confidence.

SMARTWORKS

Smartworks Coworking Spaces Limited

Price Chart

Filing History

Unlock Full History