Q4-FY26 · Neetish Sarda
We have transitioned from a scaling phase to a cash compounding phase. Our supply is secured. 82.5% revenues locked and the portfolio is maturing in a way that will keep expanding both margins and returns.
SMARTWORKSCOWORKINGSPACE / language trends
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Smartworks Coworking Spaces · tone and specificity signals across the available quarters.
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Language signals
What changed in management language.
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Q4-FY26 · Harsh Binani
Our margin expansion is structural. It's not pricing. It's largely because a lot of our portfolio has now matured.
Q4-FY26 · Neetish Sarda
We do not see AI as a headwind. We see it as a tailwind. Offices are essential infrastructure where companies build cultures, mentor talent, run R&D and protect IP.