Smartworks Coworking Reports Strong Q4 Turnaround with Profitable Growth
Smartworks Coworking gains after reporting turnaround Q4 performance
Business Standard
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Smartworks Coworking Spaces reported a consolidated net profit of ₹16.6 crore for Q4 FY26, reversing a net loss from the previous year. Revenue surged by 44.99% year-on-year to ₹519.68 crore, reflecting robust growth in India's office market and strong rental revenue visibility for FY27.
- 01Smartworks achieved a consolidated net profit of ₹16.6 crore in Q4 FY26, compared to a loss of ₹8.30 crore in Q4 FY25.
- 02Revenue from operations increased by 44.99% year-on-year to ₹519.68 crore in Q4 FY26.
- 03The company reported a total footprint of 16.1 million sq ft across 66 centres, marking a 37% year-on-year growth.
- 04Smartworks enters FY27 with contracted rental revenue visibility exceeding ₹5,200 crore.
- 05The office market in India absorbed a record 83 million sq ft in 2025, indicating strong demand.
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Smartworks Coworking Spaces saw a 2.23% increase in stock price, reaching ₹450, following the announcement of its Q4 FY26 performance. The company reported a consolidated net profit of ₹16.6 crore, a significant turnaround from a net loss of ₹8.30 crore in Q4 FY25. Revenue from operations rose by 44.99% year-on-year to ₹519.68 crore for the quarter ending March 31, 2026. Additionally, pre-tax profit improved to ₹22.24 crore from a loss of ₹4.94 crore in the same quarter last year. The company’s normalised EBITDA also saw a substantial increase of 71%, reaching ₹99 crore. Over the fiscal year, Smartworks achieved a consolidated net profit of ₹10.52 crore, compared to a loss of ₹63.17 crore in FY25, with annual revenue climbing 30.69% to ₹1,795.80 crore. Looking ahead, Smartworks has secured multi-year contracted rental revenue visibility of over ₹5,200 crore, positioning itself strongly for FY27 and beyond, as the Indian office market continues to thrive.
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The growth in Smartworks' revenue and profitability indicates a strong demand for flexible workspaces, which could lead to more job opportunities in the sector and improved workspace solutions for businesses.
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