Smartworks Coworking Spaces Limited — Investor Meet, 30-04-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Smartworks posted strong Q4 FY26 results with revenue at ₹519.7 Cr (up 45% YoY) and Normalised EBITDA at ₹98.7 Cr (up 71% YoY), achieving a 19% margin. Annual RoCE hit 16%, with Q4 RoCE reaching 22%. The company is now net debt negative at ₹(56.1) Cr, reflecting robust cash generation and 7 debtor days. Operational area expanded to 10.1 Msf, with 89% mature occupancy and ₹5,200 Cr in contracted revenue. Management emphasizes a "cash-compounding" phase, driven by 92% enterprise client revenue and diversified demand (77% non-IT/ITeS), supported by strong market tailwinds.