Smartworks Coworking Spaces Limited — Updates, 12-08-2025: Press Release

Smartworks reports a strong Q1 FY26, with revenue at ₹379.2 Cr. Normalised EBITDA surged 109% YoY to ₹60.7 Cr, improving margins to 16%. Normalised Profit Before Tax turned profitable at ₹16.8 Cr, a significant turnaround from a loss. Operating Cash Flow climbed 71% YoY to ₹85.5 Cr. The portfolio expanded to 10.08 million sq. ft., with a total reach of ~12 million sq. ft. including future expansions. Occupancy remains high at over 83%, primarily driven by enterprise clients (90.49%). The company maintains robust collections, underscoring strong operational efficiency and future cash flow visibility.