Smartworks Coworking Spaces

Smartworks delivered a strong Q4 FY26, with revenue of ~₹520 croreCurrent reported value: ~₹520 crore. No comparable prior figure is available in the source record. (+45% YoY) and normalized EBITDA of ~₹99 croreCurrent reported value: ~₹99 crore. No comparable prior figure is available in the source record. (+71% YoY), exiting at a 19% EBITDA marginCurrent reported value: 19% EBITDA margin. No comparable prior figure is available in the source record.. Full-year revenue grew 31% YoY to ~₹1,796 croreCurrent reported value: 31% YoY to ~₹1,796 crore. No comparable prior figure is available in the source record., with EBITDA margins expanding 440 bps to 17.5%. The company crossed 10 million sq ft operationalCurrent reported value: 10 million sq ft operational. No comparable prior figure is available in the source record. and reported its first full year of PAT profitability. Growth was driven by enterprise flex adoption, GCC tailwinds, and larger deal sizes (1,000+ seat cohort now 37% of revenue). Management guided FY27 revenue growth of 28-30%, EBITDA margin of 19-20%, and operational footprint of 12.5-13 million sq ft. Key risk: rapid supply addition could pressure occupancy and margins if demand softens.