SMARTWORKS COWORKING SP L

Smartworks Coworking Spaces Limited held its Q1 FY27 Earnings Conference Call on July 22, 2026, marking one year since its listing on the NSE and BSE. Management reported a 44% year-on-year increase in revenues to INR 546 crores and a 74% rise in normalized EBITDA to INR 107 crores. The company highlighted a strong operational area of 10.4 million square feet with a committed occupancy of 92% in mature centers. Management noted that 87% of FY27 revenue is already contracted, with a focus on expanding its client base, particularly in the GCC sector, which now contributes 21% of revenue. The company plans a capex of INR 550-600 crores for FY27, primarily for new centers and refurbishments. Management reaffirmed guidance for 28-30% revenue growth and EBITDA margins of 19-20%. The call concluded with management emphasizing their commitment to long-term growth and market leadership.

Management emphasized strong growth metrics and a solid operational strategy.