Smartworks Coworking Spaces Limited — Investor Meet, 16-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Smartworks reported strong Q3 FY26, with revenue up 34% YoY to 472.1 Cr. Normalized EBITDA surged 86% YoY to 84.7 Cr, expanding margins to 17.9%, and the company achieved its first Ind AS PAT of 1.2 Cr. Operational highlights include 15.3 Msf total SBA, 84% overall occupancy, and 93% seat retention. Management emphasizes a shift to a cash-compounding phase, driven by strong enterprise demand (90% rental revenue) and a net cash position of 41.8 Cr. Capital discipline is evident in a 20.5% ROCE, reinforcing self-funded growth. The outlook remains confident, focusing on pan-India expansion and leveraging scale.