NSEAnalysts/Institutional Investor Meet/Con. Call Updates2h ago · 22 Jul 2026, 02:46 pm
Analysts/Institutional Investor Meet/Con. Call Updates
Smartworks Coworking Spaces Limited · SMARTWORKS
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Smartworks Coworking Spaces Limited has informed the Exchange about Presentation on the Un-Audited (Standalone & Consolidated) Financial Results for the quarter ended June 30, 2026.
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Smartworks Coworking Spaces Limited has informed the Exchange about Presentation
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Date: 22nd July 2026
To, To,
National Stock Exchange of India Limited (“NSE”) BSE Limited (“BSE”)
Listing Department Listing Department
Exchange Plaza, C-1 Block G, Bandra Kurla Corporate Relationship Department
C omplex Bandra [E], Mumbai – 400051 Phiroze Jeejeebhoy Towers,
D alal Street, Fort, Mumbai - 400 001
NSE Scrip Symbol: SMARTWORKS BSE Scrip Code: 544447
ISIN: INE0NAZ01010 ISIN: INE0NAZ01010
Subject: Disclosure under Regulation 30 read with Schedule III of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015-Presentation on the Un-Audited
(Standalone & Consolidated) Financial Results for the quarter ended June 30, 2026
Dear Sir/Ma’am,
The presentation on the Un-Audited (Standalone & Consolidated) Financial Results for the quarter ended June 30,
2026, to be made today at the analyst meet, is attached and also available on the website of the Company i.e.
https://www.smartworksoffice.com/investors/.
This is for your information and record.
Thank You.
For Smartworks Coworking Spaces Limited
Punam Dargar
Company Secretary & Compliance Officer
Mem. No.: A56987
Address: Unit No. 305-310, Plot No 9, 10 & 11 Vardhman Trade Centre
Nehru Place, South Delhi, Delhi, Delhi, India, 110019
Encl.: As above
Smartworks Coworking Spaces Limited
(Formerly known as Smartworks Coworking Spaces Private Limited)
Regd. Office: Unit No. 305 – 310, Plot No. 9,10, & 11, Vardhman Trade Centre, Nehru Place, South Delhi – 110 019.
Corporate Office: DLF Commercial Building, Block - 3, Zone-6, DLF Phase – 5, Gurugram, Haryana-122002
Phone No: 0124-6919 400
CIN: L74900DL2015PLC310656
Built to Compound
Buildings booked years in advance. Revenue contracted before it is earned. Growth that funds itself.
Q1 FY27 · EARNINGS PRESENTATION
SM ARTW O RKS CO W O RKI NG SPAC ES LI M I TED
DISCLAIMER
Safe Harbour Statement
This presentation and the accompanying slides (the “Presentation”), prepared by Smartworks Coworking Spaces Limited (the “Company”), is furnished solely for informational purposes
and shall not constitute, or be relied upon in connection with, any offer, solicitation, or invitation to subscribe for or purchase any securities of the Company. No offering of securities will be
made except by means of a statutory offering document containing detailed information about the Company. Nothing herein shall form the basis of, or be relied on in connection with, any
contract or binding commitment whatsoever.
This presentation and its contents are confidential and may not be copied, reproduced, distributed, or disseminated, directly orindirectly, in any manner without the prior written consent of
the Company. The information and data contained in this presentation have been compiled from sources the Company believes to be reliable; however, the Company makes no
representation or warranty, express or implied, as to the accuracy, completeness, fairness, or reasonableness of such information. This presentation may not contain all of the information
that you may consider material, and no reliance should be placed on the contents herein. The Company expressly disclaims any andall liability for any loss arising from, or in reliance
upon, the whole or any part of this presentation.
This presentation may contain forward-looking statements, including, without limitation, statements regarding the Company’s market opportunity, financial performance, growth prospects,
strategy, technological developments, and business plans. Such statements can often be recognised by the use of words such as “expects,” “plans,” “will,” “estimates,” “projects,” “intends,”
or words of similar meaning. These forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and assumptions that
are difficult to predict. Actual results may differ materially and adversely from those expressed or implied herein. The Companyundertakes no obligation to update or revise any forward-
looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law. Any forward-looking statements or projections made by third
parties included in this presentation are not adopted by the Company, and the Company is not responsible for such third-party information.
AGENDA
What We Will Cover Today
Q1 FY27 Performance How Our Model Works
01 02
Why scale, office space and enterprise demand reinforce
Growth, margins, cash and returns — all compounding
each other
The Market Our Technology Platform
03 04
Three forces moving in our favour — flex, GCCs and AI Nexus, WorkBlock and WorkCtrl run the full lifecycle
Key Performance Metrics Historical Financials & Annexures
05 06
The quarterly operating dashboard Reported and normaliseddetail
Q1 FY27 Performance
Another sequential step up — the fifth in a row since listing
THE QUARTER AT A GLANCE
Five Consecutive Quarters Up — Revenue, Margin, PAT And RoCE All Higher
REVENUE NORMALISED EBITDA NORM. EBITDA MARGIN
INR 5,462 Mn INR 1,069 Mn 19.6%
▲44% YoY · +5% QoQ ▲74% YoY · +8% QoQ ▲~340 bps YoY
NORMALISED PAT NORMALISED ROCE · ANNUALISED COMMITTED OCCUPANCY (MATURE)
INR 388 Mn 21.5% 92%
▲197% YoY ▲~870 bps YoY SBA · 9.1 Msf
Note: Data as on 30 Jun’26. All figures normalised (non-GAAP) unless stated. Normalised EBITDA = Reported EBITDA less repayment of lease liabilities.
THE QUARTER AT A GLANCE
Scale Has Become An Annuity — 16.9 Msf Secured, ~INR 54,000 Mn Contracted
TOTAL SBA | OPERATIONAL CONTRACTED RENTAL REVENUE MATURE OCCUPANCY
16.9 | 10.4 Msf ~INR 54,000 Mn 89% → 92%
★Only listed platform to cross 10 Msf operational Executed agreements Reported → committed, on 9.1 Msf
CENTRES | CITIES SBA ADDED SINCE IPO GCC CONTRIBUTION
70 | 15 ~5.0 Msf ~21%
India + Singapore · 381k seats In five quarters as a listed company ▲From 15% for FY26
Note: Data as on 30 Jun’26; Total SBA includes Leased and LOI / Term Sheets / Heads of Terms.
DEMAND QUALITY
Enterprise Clients On ~48-Month Tenures Make Revenue Highly Visible And
Low-Volatility
~92% RENTAL REVENUE FROM ENTERPRISE CLIENTS
Fortune 500, Forbes 2000, MNCs and Indian conglomerates
~41% FROM THE 1,000+ SEAT COHORT
▲ Up from ~37% in FY26 — deliberate up-market shift
~35% FROM MULTI-CITY CLIENTS
▲ Up from ~31% in FY26 — clients expand across our network
AVG. TENURE (1,000+ SEATS) OCCUPANCY* | COMMITTED* SEAT RETENTION
~48 Months 81% | 86% ~74%
Note: Data as on 30 Jun’26,* on 10.4 Msfoperational SBA. Retention reflects deliberate portfolio rebalancing and mark-to-market repricing.
FINANCIAL REVIEW
Revenue Compounded To ₹5,462 Mn — +44% YoY, With Every Quarter Higher
Than The Last
Revenue from operations · INR Mn
FY23 → FY26 CAGR
5,462
5,197
4,721
4,248
3,792
High revenue visibility
~₹54,000 Mn contracted rental revenue covers ~87% of FY27
revenue before the year is sold.
Steady and linear
Low volatility —every quarter has been higher than the one
before it.
Durable and sticky
41% of rental revenue from the 1,000+ seat cohort; 35% from
Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27
multi-city clients.
Note: Data as on 30 Jun’26.
FFININAANNCCIAIALL R REEVVIEIEWW
Enterprise Clients On ~48-Month Tenures Make Revenue Highly Visible And
Low-Volatility
Normalised EBITDA · INR Mn (margin %)
EBITDA GROWTH
+74% YoY
1,069
+8% QoQ
Operating leverage and cost excellence at both
levels
Centre and corporate costs scale slower than revenue as the
platform grows. Energy excellence initiatives expected to
further accelerate savings over the year
Mature centres compound it
Past breakeven, incremental revenue flows disproportionately
to EBITDA.
No dip in five quarters since listing
Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27
margins 16.2% 16.4% 17.9% 19.0% 19.6%
Each capex cohort lands on a larger mature base —new
centres are not margin-dilutive at our scale.
Note: Data as on 30 Jun’26. Normalised EBITDA = Reported EBITDA less repayment of lease liabilities.
FINANCIAL REVIEW
RoCE Held At 21.5% Even As Growth Capex Ste
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