Smartworks Coworking Spaces Q2 Results 2026: PAT ₹26 Cr
Q2 FY27 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹591Cr
- +39.1% YoY
- Net profit
- ₹26Cr
- Q2 FY26: −₹3 Cr
- Margin
- 64%
- 0 pp YoY
Guidance rank: #12 of 38 in Commercial Services & Supplies
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Smartworks Coworking Spaces Ltd Q2 FY27 key numbers
- Revenue
- Revenue visibility is high with contracted rental revenues at INR 5,800 crores, up from INR 5,400 crores last quarter.
As stated in Smartworks Coworking Spaces Ltd's Q2 FY27 earnings call transcript · published 30 Oct 2026. Reported figures, not investment advice.
The short version
First half revenue grew by 41% YoY; guidance raised to 33%-35% growth for FY '27 (Page 4). FY '27 revenue growth guidance raised to 33% to 35% from earlier 28% to 30% (Page 4, 5).
From Smartworks Coworking Spaces Ltd's Q2 FY27 earnings-call transcript · updated 5 Nov 2026.
How did Smartworks Coworking Spaces' revenue grow in the September 2026 quarter?
- First half revenue grew by 41% YoY; guidance raised to 33%-35% growth for FY '27 (Page 4).
- Strong demand continues with contracts signed for future capacity; buildings for FY '28 are being fitted out and pre-committed (Page 20).
- Supply for FY '27 and FY '28 largely secured; supply for FY '29 underway (Page 4).
- Revenue visibility is high with contracted rental revenues at INR 5,800 crores, up from INR 5,400 crores last quarter (Page 4).
- Large enterprises and GCC clients continue growing, contributing significantly to incremental growth (Page 15).
2 more points from Smartworks Coworking Spaces Ltd's call on revenue
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What happened to Smartworks Coworking Spaces' margins in Q2 FY27?
See what Smartworks Coworking Spaces Ltd said on profitability & margins — free account, 30 seconds.
What capex is Smartworks Coworking Spaces planning?
- Smartworks is undergoing one of its heaviest capex cycles, deliberately investing in scarce supply to meet strong demand.
- INR 307 crores capex spent in H1 FY27; full-year capex guidance is INR 550 to 600 crores.
- Major capex is toward new large campuses: Eastside (Pune) and East Bridge (Mumbai), opening in H2 FY27.
- Around 20% of capex is on campuses not yet generating revenue.
- Maintenance capex is estimated at 12%-15% of the gross block annually, around INR 95-100 crores for the year.
- The company plans to add 2.5 to 3 million square feet of space annually, funding expansion internally.
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Top-ranked in Commercial Services & Supplies
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Is Smartworks Coworking Spaces raising money or cutting debt?
See what Smartworks Coworking Spaces Ltd said on fundraising & capital structure — free account, 30 seconds.
How big is Smartworks Coworking Spaces' order book?
- Contracted rental revenues stand at INR 5,800 crores, up from INR 5,400 crores in the last quarter, indicating a strong orderbook.
- Client lock-ins cover rent commitments to landlords about 2x, with no asset-liability mismatch through FY '30, ensuring secured long-term revenue.
- Large clients with long tenure contracts contribute to sticky and durable revenue streams.
- Supply for FY '27 is fully secured and supply for FY '28 is largely in hand, with work for FY '29 underway.
- Current buildings being fitted out (e.g., Eastside Pune and East Bridge Mumbai) have pre-committed contracts to fill them, contributing to future revenue.
2 more points from Smartworks Coworking Spaces Ltd's call on order book
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What the Q2 FY27 call signalled
3 of 4 strong
Smartworks Coworking Spaces Ltd — Quarterly revenue & net profit
Smartworks Coworking Spaces Ltd Q2 FY27 results — key figures
| ₹ Cr | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| Revenue | 591 | 425 | +39.1% | 546 | +8.2% |
| Operating profit (EBITDA) | 378 | 270 | +40% | 346 | +9.2% |
| Operating margin | 64% | 64% | 0 pp | 63% | +1 pp |
| Profit before tax | 35 | -4 | — | 18 | +94.4% |
| Net profit (PAT) | 26 | -3 | — | 13 | +100% |
| EPS (₹) | 2.24 | -0.27 | — | 1.15 | +94.8% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹591 Cr, net profit ₹26 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Smartworks Coworking Spaces Ltd Q2 FY27 results?
First half revenue grew by 41% YoY; guidance raised to 33%-35% growth for FY '27 (Page 4). FY '27 revenue growth guidance raised to 33% to 35% from earlier 28% to 30% (Page 4, 5).
What is Smartworks Coworking Spaces Ltd share price analysis?
Smartworks Coworking Spaces Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 99.3 with a market cap of ₹5,624 Cr. Investors should review the full earnings analysis for detailed insights.
Is Smartworks Coworking Spaces Ltd planning capital expenditure?
Smartworks is undergoing one of its heaviest capex cycles, deliberately investing in scarce supply to meet strong demand.
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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.