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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 Q4 FY26.
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Smartworks Coworking Spaces Ltd

Q4 FY26Commercial Services & Supplies

Smartworks Coworking Spaces Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 investor presentation: what the company reported on revenue, margins and capex.

Revenue
₹520Cr
+45.3% YoY
Net profit
₹17Cr
Q4 FY25: −₹8 Cr
Margin
65%
0 pp YoY

Based on Smartworks Coworking Spaces Ltd's Q4 FY26 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.

Price₹539
Market cap₹6.3K Cr
P/E224.6

The short version

Revenue from operations for Q4FY26: INR 5,197 Mn, a 45% YoY increase from INR 3,584 Mn in Q4FY25 (Page 34). - Revenue grew 10% QoQ from INR 4,721 Mn in Q3FY26 (Page 34). - FY26 total revenue: INR 17,958 Mn, up 31% YoY from INR 13,741 Mn in FY25 (Pages 34, 26). - Revenue from lease rentals in Q4FY26 was INR 4,516 Mn, a 32% YoY increase (Page 34). - Volume measure: Operational SBA (leased area) grew 36% YoY to 16.1 Mn sq. Q4FY26 EBITDA: INR 3,383 Mn, up 46% YoY (Q4FY25: INR 2,324 Mn) - Q4FY26 Normalised EBITDA: INR 987 Mn, up 71% YoY (Q4FY25: INR 579 Mn) - Q4FY26 EBITDA Margin: 65%, flat YoY (Q4FY25: 65%) - Q4FY26 Normalised EBITDA Margin: 19%, up from 16% YoY (Q4FY25) - Q4FY26 Profit After Tax (PAT): INR 166 Mn (reported), versus loss of INR 83 Mn in Q4FY25 - Q4FY26 Normalised PAT: INR 349 Mn, up 153% YoY (Q4FY25: INR 138 Mn) - Operating Margin implied by normalised EBIT is ~9% in Q4FY26, up from 8% YoY

From Smartworks Coworking Spaces Ltd's Q4 FY26 earnings-call transcript · updated 25 Sept 2026.

Revenue & Sales Performance

  • Revenue from operations for Q4FY26: INR 5,197 Mn, a 45% YoY increase from INR 3,584 Mn in Q4FY25 (Page 34).
  • Revenue grew 10% QoQ from INR 4,721 Mn in Q3FY26 (Page 34).
  • FY26 total revenue: INR 17,958 Mn, up 31% YoY from INR 13,741 Mn in FY25 (Pages 34, 26).
  • Revenue from lease rentals in Q4FY26 was INR 4,516 Mn, a 32% YoY increase (Page 34).
  • Volume measure: Operational SBA (leased area) grew 36% YoY to 16.1 Mn sq. ft. as of March 2026 (Page 12).

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

  • Total Supply Built-up Area (SBA) as of Mar’26: 16.1 million sq ft (Msf), up 36% from 11.8 Msf in Mar’25.
  • Capacity seats: 60,000+ across multiple cities; notable growth in Bengaluru (100% YoY), Gurugram (83% YoY), Noida (56% YoY), and Pune (16% YoY).
  • Under fitouts and yet to be handed over: approximately 286,000 sq ft combined, indicating ongoing capacity expansion.

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

It provides relevant data indicating demand and future revenue visibility: - Total Supply Booked (LOI/Term sheet/HOT) as of Mar'26: 1.1 million sq ft (Page 12). - Under fitouts and yet to be handed over space totals about 2.5 million sq ft combined, implying committed expansion. - Long-term, multi-city enterprise contracts with high lock-in tenures (e.g., >4 years) contribute to revenue durability (Page 33).

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 Q4 FY26 results — key figures

Smartworks Coworking Spaces Ltd Q4 FY26 reported results vs Q4 FY25, ₹ crore
₹ CrQ4 FY26Q4 FY25YoYQ3 FY26QoQ
Revenue520358+45.3%472+10.2%
Operating profit (EBITDA)338232+45.7%306+10.5%
Operating margin65%65%0 pp65%0 pp
Profit before tax22-5—2+1000%
Net profit (PAT)17-8—1+1600%
EPS (₹)1.45-0.80—0.11+1218.2%

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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Frequently Asked Questions

What were Smartworks Coworking Spaces Ltd Q4 FY26 results?

Revenue from operations for Q4FY26: INR 5,197 Mn, a 45% YoY increase from INR 3,584 Mn in Q4FY25 (Page 34). - Revenue grew 10% QoQ from INR 4,721 Mn in Q3FY26 (Page 34). - FY26 total revenue: INR 17,958 Mn, up 31% YoY from INR 13,741 Mn in FY25 (Pages 34, 26). - Revenue from lease rentals in Q4FY26 was INR 4,516 Mn, a 32% YoY increase (Page 34). - Volume measure: Operational SBA (leased area) grew 36% YoY to 16.1 Mn sq. Q4FY26 EBITDA: INR 3,383 Mn, up 46% YoY (Q4FY25: INR 2,324 Mn) - Q4FY26 Normalised EBITDA: INR 987 Mn, up 71% YoY (Q4FY25: INR 579 Mn) - Q4FY26 EBITDA Margin: 65%, flat YoY (Q4FY25: 65%) - Q4FY26 Normalised EBITDA Margin: 19%, up from 16% YoY (Q4FY25) - Q4FY26 Profit After Tax (PAT): INR 166 Mn (reported), versus loss of INR 83 Mn in Q4FY25 - Q4FY26 Normalised PAT: INR 349 Mn, up 153% YoY (Q4FY25: INR 138 Mn) - Operating Margin implied by normalised EBIT is ~9% in Q4FY26, up from 8% YoY

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 224.6 with a market cap of ₹6,261 Cr. Investors should review the full earnings analysis for detailed insights.

Is Smartworks Coworking Spaces Ltd planning capital expenditure?

Total Supply Built-up Area (SBA) as of Mar’26: 16.1 million sq ft (Msf), up 36% from 11.8 Msf in Mar’25.

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