Smartworks Coworking Spaces Share Price in Focus; Net Profit Rises 136% in Q2FY27

Smartworks Coworking Spaces Limited has approved its unaudited standalone and consolidated financial results for the quarter, and half year ended 30 September 2026.  

The results were disclosed through exchange filings dated October 30, 2026. The company reported growth in revenue and profit for the September quarter, alongside an increase in its operating footprint. 

Revenue and Profit 

Revenue from operations stood at ₹591.4 crore in Q2FY27, compared with ₹424.8 crore in the corresponding quarter last year, a rise of 39%. It was 8% higher than the preceding quarter. Lease rental revenue was ₹489.7 crore, while other operating revenue contributed ₹101.7 crore. 

Normalised EBITDA increased 68% year on year to ₹116.9 crore. The normalised EBITDA margin was 19.8%, against 16.4% in Q2FY26.  

Normalised profit after tax rose 136% to ₹43.4 crore. Normalised operating cash flow increased 74% to ₹107.1 crore. On a reported basis, profit after tax was ₹25.6 crore, against a loss of ₹3.1 crore in the year-ago quarter.  

For the first half of FY27, revenue from operations increased 41% to ₹1,137.6 crore. Normalised EBITDA for the six months was ₹223.8 crore. 

Occupancy and Client Mix 

The company’s area, including signed and upcoming properties, reached 17.5 million sq. ft. across 71 centres in 15 cities. Operational area was 10.9 million sq. ft.  

Mature centres recorded 88% occupancy, while committed occupancy at mature centres stood at 91%. Enterprise clients accounted for 91% of rental revenue.  

Clients using more than 1,000 seats contributed 41%, compared with 35% a year earlier. Multi-city clients accounted for 35%, against 31% in Q2FY26.  

Global Capability Centres contributed approximately 22% of rental revenue. Contracted rental revenue was approximately ₹5,800 crore. 

FY27 Guidance 

Smartworks raised its FY27 revenue growth guidance to 33-35% from 28-30%. It retained its normalised EBITDA margin guidance of 19-20% and its space addition target of 2.5-3 million sq. ft.  

Eastside in Pune and Eastbridge in Mumbai are scheduled to become operational in the second half of FY27. 

Read More: Voltamp Transformers Share Price in Focus; Reports 42% Revenue Growth in Q2 FY27! 

Smartworks Coworking Spaces Share Price Performance  

As of October 30, 2026, 1:21 pm, Smartworks Coworking Spaces share price was trading at ₹484.00, a 0.10% decrease from the previous closing price. 

Conclusion 

The September quarter saw an increase in revenue, EBITDA and profit compared with the previous year. Smartworks has also raised its revenue growth outlook for FY27. 

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