Smartworks Coworking Spaces Limited — Investor Meet, 22-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Smartworks Coworking Spaces reported strong Q4FY26, with revenue up 45% YoY to INR 519.7 Cr and normalized EBITDA up 71% YoY to INR 98.7 Cr, achieving a 19% margin. Annualized RoCE reached 21.5%. Operational SBA hit 10.1 Msf, growing 68% YoY. The company emphasizes its enterprise-led demand strategy, securing long-term contracts and reducing concentration risk. With a negative net debt of INR 56.1 Cr (net cash), Smartworks highlights its transition to a cash-compounding phase, supported by robust cash generation and capital discipline, positioning it as a de-risked player in the rapidly expanding flex workspace market, driven by trends like AI.