Smartworks Coworking Spaces Ltd
Smartworks Coworking Spaces Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
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 management made on revenue & sales performance
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 management made on capital expenditure plans
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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.
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 management made on order book & pipeline
Smartworks Coworking Spaces Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹520 Cr, net profit ₹17 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Smartworks Coworking Spaces Ltd'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.