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Smartworks Coworking Spaces Ltd Q2 FY27 results are out (Jul–Sep 2026) →Revenue ₹591 Cr +39.1% YoYSee revenue, profit and what management said. You are viewing Q3 FY26.
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Smartworks Coworking Spaces Ltd

Q3 FY26Commercial Services & Supplies

Smartworks Coworking Spaces Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management said on revenue, margins and capex.

Revenue
₹472Cr
+34.1% YoY
Net profit
₹1Cr
Q3 FY25: −₹16 Cr
Margin
65%
+3 pp YoY

Smartworks Coworking Spaces Ltd Q3 FY26 key numbers

Revenue
Pipeline secured for 4 million square feet growth over FY ’27 and FY ’28, covering almost entire growth needs through FY ’28.

As stated in Smartworks Coworking Spaces Ltd's Q3 FY26 earnings call transcript · published 14 Aug 2026. Reported figures, not investment advice.

Price₹523
Market cap₹5.4K Cr
P/E193.5

The short version

Targeting 25% to 30% growth rate going forward (Page 17). Targeting consistent growth rate of 25% to 30% going forward (Harsh Binani, pg.17).

From Smartworks Coworking Spaces Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Targeting 25% to 30% growth rate going forward (Page 17).
  • Planning to add 2.5 to 3 million square feet of space annually, supported by capex of INR 350-400 crores per year without external capital raise (Page 17).
  • Expansion focused mainly on Tier 1 cities consolidating leadership in Mumbai, Pune, Bangalore, Hyderabad; limited immediate expansion in Singapore (Page 17).
  • Pipeline secured for 4 million square feet growth over FY ’27 and FY ’28, covering almost entire growth needs through FY ’28 (Page 13).
  • Ancillary revenues expected to grow 30-35% year-on-year driven by footprint growth and Fitout-as-a-Service vertical (Page 11).

2 more points from Smartworks Coworking Spaces Ltd's call on revenue

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Profitability & Margins

See what Smartworks Coworking Spaces Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Smartworks plans a capital expenditure (capex) of INR 350 to 400 crores annually for adding 2.5 to 3 million square feet each year in FY’27 and FY’28.
  • The company is well-capitalized with IPO proceeds still available, enabling it to be self-funded without the need for external capital raises.
  • The expansion is primarily focused on Tier 1 cities where large campus buildings are available, aligning with Smartworks’ strategy of taking up full large campus buildings.

2 more points from Smartworks Coworking Spaces Ltd's call on capex

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Top-ranked in Commercial Services & Supplies

Ranked on what management guided this quarter

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

Fundraising & Capital Structure

See what Smartworks Coworking Spaces Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • The current orderbook includes about 4 million square feet under LOI or term sheet, covering growth plans for FY ’27 and FY ’28.
  • These deals are either signed or at advanced documentation stages with some pending condition precedents.
  • The orderbook provides visibility for nearly the entire requirement for FY ’27 and about 80%-85% for FY ’28.
  • Supply is secured through strong institutional partnerships and a developed network of developers, minimizing risk of deals falling off.
  • Approximately 1 million square feet is expected to become operational in the next quarter.
  • Expansion is supported by pre-committed enterprise movements constituting around 30% of incremental capacity.

2 more points from Smartworks Coworking Spaces Ltd's call on order book

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Smartworks Coworking Spaces Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Smartworks Coworking Spaces Ltd Q3 FY26 results — key figures

Smartworks Coworking Spaces Ltd Q3 FY26 reported results vs Q3 FY25, ₹ crore
₹ CrQ3 FY26Q3 FY25YoYQ2 FY26QoQ
Revenue472352+34.1%425+11.1%
Operating profit (EBITDA)306218+40.4%270+13.3%
Operating margin65%62%+3 pp64%+1 pp
Profit before tax2-22—-4—
Net profit (PAT)1-16—-3—
EPS (₹)0.11-1.55—-0.27—

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.

Full financials →

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What Smartworks Cowor's management said in earlier quarters

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Frequently Asked Questions

What were Smartworks Coworking Spaces Ltd Q3 FY26 results?

Targeting 25% to 30% growth rate going forward (Page 17). Targeting consistent growth rate of 25% to 30% going forward (Harsh Binani, pg.17).

What is Smartworks Coworking Spaces Ltd share price analysis?

Smartworks Coworking Spaces Ltd currently shows a neutral. The stock trades at a P/E of 193.5 with a market cap of ₹5,393 Cr. Investors should review the full earnings analysis for detailed insights.

Is Smartworks Coworking Spaces Ltd planning capital expenditure?

Smartworks plans a capital expenditure (capex) of INR 350 to 400 crores annually for adding 2.5 to 3 million square feet each year in FY’27 and FY’28.

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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.