SMARTWORKS

What Smartworks Coworking Spaces promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 16 tracked 1 delivered 5 missed 10 open
  • Growth without additional funding delivered said Q1 FY26 Promised: 25% to 30% year-on-year without any additional funding Q1 FY27: Reiterated self-funded growth model, evidenced by cash-flow funded acquisition of Workstudio.
  • OCF to EBITDA ratio missed said Q1 FY26 Promised: settle between 1.1 to 1.2 Q1 FY27: Ratio dropped to 0.9x, below the 1.1-1.2x target, due to security deposit payouts for future buildings.
  • Total square feet visibility revised down said Q1 FY26 Promised: 12 million square feet Q1 FY27: Visibility reduced to ~13.9m sq ft (10.4m operational + 3.5m signed), down from 15.6m sq ft in the previous quarter.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 16 tracked commitments for Smartworks Coworking Spaces — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens