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Smartworks Coworking Spaces share price & results

Smartworks Coworking Spaces Limited· Services

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

India's largest managed-office platform, leasing bare-shell buildings and running them as enterprise campuses.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue528 ₹ crore+44.7% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin63.0 %−1.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit10.0 ₹ crore—Quarterly, as filedQuarter to Jun 2026Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown.
Return on equity8.78 %+85.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin45.04 %−1.4 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)36.41 %−1.5 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

1 of 6 judged targets kept · 10 open · verdicts reflect calls analysed to Q1 FY27.

Smartworks Coworking Spaces Limited management guidance track record on Inve: 16 targets tracked across analysed earnings calls (1 achieved, 5 missed, 10 open).

TargetOriginal wordingSaidLatest callVerdict
Growth without additional funding25% to 30% year-on-year without any additional funding
Call transcript, Q1 FY26 · 12 Aug 2025		Q1 FY26Q1 FY27:Reiterated self-funded growth model, evidenced by cash-flow funded acquisition of Workstudio.
Call transcript, Q1 FY27 · 22 Jul 2026		Achieved
OCF to EBITDA ratiosettle between 1.1 to 1.2
Call transcript, Q1 FY26 · 12 Aug 2025		Q1 FY26Q1 FY27:Ratio dropped to 0.9x, below the 1.1-1.2x target, due to security deposit payouts for future buildings.
Call transcript, Q1 FY27 · 22 Jul 2026		Missed
Total square feet visibility12 million square feet
Call transcript, Q1 FY26 · 12 Aug 2025		Q1 FY26Q1 FY27:Visibility reduced to ~13.9m sq ft (10.4m operational + 3.5m signed), down from 15.6m sq ft in the previous quarter.
Call transcript, Q1 FY27 · 22 Jul 2026		Revised Down

Source: Inve Guidance Tracker for Smartworks Coworking Spaces Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

5 of Smartworks Coworking Spaces Limited's 16 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 13 more targets are in the full ledger.

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Price

₹445.05 +1.23% · +₹5.4

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance −20.2% 1Y

₹400₹450₹500₹550₹600Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 7 Nov 2025Q3 FY26 — 16 Jan 2026Q1 FY27 — 22 Jul 2026

1Y: ₹557.5 on 24 Oct 2025 → ₹445.05. High ₹606.65 (4 Nov 2025), low ₹372.45 (30 Mar 2026).

Previous close
₹439.65
Market cap
₹5.1k Cr
52-week range
₹372.45 – ₹606.65
One year
−20.49%
Price to earnings (TTM to Jun 2026)
181.82×
Return on equity (TTM to Jun 2026)
8.78%

Overview

Symbol
NSE:SMARTWORKS
Sector
Services
Exchange
NSE
Currency
INR

What Smartworks Coworking Spaces Limited does

Based on the company's own presentations, annual report and earnings calls.

Smartworks Coworking Spaces is an enterprise-focused managed office (flex workspace) operator that leases bare-shell buildings from landlords, fits them out at its own cost, and re-lets fully amenitised, tech-enabled office space to large corporates and Global Capability Centres (GCCs) on multi-year contracts. It earns rental income from enterprise clients while itself paying rent to the underlying landlords, acting as a master-lease intermediary rather than an owner of the real estate. Beyond space, it monetises design, technology and workspace-management services through in-house proprietary platforms, and has launched a dedicated GCC-focused offering, SmartVantage, to help enterprises go live faster with regulatory, technology and partner support.

Total leased super built-up area (SBA)
16.1 Msf (369k total seat capacity)
Operational centres
66 centres across 15 Indian cities plus Singapore
Operational super built-up area
10.1 Msf (231k operational seats)
International footprint
2 centres in Singapore (~35k sq ft)
Market position
India's largest managed-office / flex workspace platform by total stock
Enterprise clients served
738 clients (as of FY25)
Founded 2015Headquarters Gurugram, Haryana (corporate office); New Delhi (registered office) Company website

How the price took the results

close before → close after

Q1 FY27
−2.2%
22 Jul
Q3 FY26
−3.4%
16 Jan
Q2 FY26
−3.5%
7 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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