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Smartworks Cowor

Q1 FY27Commercial Services & Supplies

Smartworks Cowor Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

Price₹543
Market cap₹6.0K Cr
P/E214.8
Updated25 Aug 2026
Read4 min read

Smartworks Cowor Q1 FY27 key numbers

Revenue
Operational footprint expected to reach over 13 million square feet by March 2027, adding 2.5 to 3 million square feet during the year.

As stated in Smartworks Cowor's Q1 FY27 earnings call transcript · published 25 Aug 2026. Reported figures, not investment advice.

The short version

Revenue growth guidance is 28% to 30% for FY27, supported by committed occupancy and new space additions. Smartworks expects revenue growth of 28% to 30% for FY27, driven by new centres and 2.5 to 3 million sq.

From Smartworks Cowor's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Good growth
  • Revenue growth guidance is 28% to 30% for FY27, supported by committed occupancy and new space additions.
  • Operational footprint expected to reach over 13 million square feet by March 2027, adding 2.5 to 3 million square feet during the year.
  • Continued increase in high-quality customers, including large enterprises (1,000+ seat cohorts) now contributing over 41% of revenue.
  • GCC (Global Capability Centers) clients’ share has grown to 21% and is expected to expand further, driving premium, margin accretive growth.
  • Value-added services (VAS) revenue has tripled YoY, indicating potential for further uplift, although currently a small portion of overall revenue.

2 more points from Smartworks Cowor's call on revenue

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Profitability & Margins

See what Smartworks Cowor said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • FY27 capex guidance is INR 550-600 crores, including refurbishment and fresh fit-outs (Page 8).
  • New fit-out capex per square foot is about INR 1,350, increasing by ~5% annually due to inflation (Page 15).
  • Refurbishment capex is approximately 15% of initial capex every three years (Page 15).
  • 3.5 million square feet of new space already signed, under construction or coming up in FY27 (Page 8).
  • INR 33 crores of security deposits paid for securing strategic leases of properties for FY28 and FY29 (Page 14).
  • Focus on ROCE-accretive capex for upcoming centers and signed clients (Page 6).

2 more points from Smartworks Cowor's call on capex

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Top-ranked in Commercial Services & Supplies

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 1
2Happy Square
Rev 1Mar 1
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 2Mar 1
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Order Book & Pipeline

See what Smartworks Cowor said on order book & pipeline — free account, 30 seconds.

What the Q1 FY27 call signalled

3 of 5 strong

RevenueGood growth
MarginMargins steady
CapexCapex planned
FundraiseNo fundraise planned
Order bookOrder book rising

Smartworks Cowor — Quarterly revenue & net profit

Revenue Net profit Net loss
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹520 Cr, net profit ₹17 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Smartworks Cowor Q1 FY27 results?

Revenue growth guidance is 28% to 30% for FY27, supported by committed occupancy and new space additions. Smartworks expects revenue growth of 28% to 30% for FY27, driven by new centres and 2.5 to 3 million sq.

What is Smartworks Cowor share price analysis?

Smartworks Cowor currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 214.8 with a market cap of ₹5,985 Cr. Investors should review the full earnings analysis for detailed insights.

Is Smartworks Cowor planning capital expenditure?

FY27 capex guidance is INR 550-600 crores, including refurbishment and fresh fit-outs (Page 8).

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.