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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Smartworks Coworking Spaces Ltd

Smartworks Q2 FY27 Results Presentation Highlights Revenue Growth, Margins

RESULTS ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 30 Oct 2026, 11:45 AM IST  ·  BSE ID: 0185a5f1-5ab3-4e42-99cd-5e00fa740f6c
View Original BSE Filing (PDF)
💡
In Simple Terms
The company released its financial results presentation, showing higher revenue growth projections and increased earnings for the half-year.
🤖 AI Summary
  • Smartworks Coworking Spaces Ltd submitted a presentation on its unaudited financial results for Q2 and H1 FY27.
  • FY27 revenue growth guidance was revised upwards to 33%-35% YoY, from a previous 28%-30%.
  • H1 FY27 Revenue from Operations increased 41% YoY to INR 11,376 Mn.
  • Normalised EBITDA Margin for H1 FY27 reached 19.7%, with Normalised PAT Margin at 7.2%.
  • Operational space at September 30, 2026, was 10.9 Msf, with a total area of 17.5 Msf.
🔢 Key Numbers — exact figures from BSE filing, not rounded
H1 FY27 Revenue from Operations
INR 11,376 Mn
+41%
H1 FY27 Normalised EBITDA
INR 2,238 Mn
+71%
H1 FY27 Normalised EBITDA Margin
19.7%
+340 bps
FY27 Revised Revenue Growth Outlook
33%–35%
Q2 FY27 Revenue from Operations
INR 5,914 Mn
+39%
Operational Space at Period-End (Sep 30, 2026)
10.9 Msf
H1 FY27 Capital Expenditure
INR 3,066 Mn
🏢 How This Affects the Company
📈
Business Impact
The upward revision of FY27 revenue growth guidance to 33%-35% indicates an improved business outlook and demand for coworking spaces. The company's expansion to 71 centres across 15 cities reflects continued market penetration.
💰
Financial Impact
H1 FY27 Revenue from Operations grew 41% YoY to INR 11,376 Mn, while Normalised EBITDA increased 71% YoY to INR 2,238 Mn, reflecting margin expansion. Capital expenditure for H1 FY27 was INR 3,066 Mn, indicating ongoing investment in growth.
⚙️
Operational Impact
Operational space reached 10.9 Msf, with 249k operational seats and 201k occupied seats, indicating significant capacity expansion. Two mega campuses totaling ~1.7 Msf are planned to be operational in H2 FY27.
⚠️
Risk Impact
Approximately 20% of Normalised Capital Employed is deployed on centres not yet open, representing capital tied up before generating returns. The company's Normalised OCF / Normalised EBITDA ratio was 0.9x for H1 FY27, reflecting investments for future growth.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this disclosure.
👤
Who Is Affected
All shareholders are affected by the company's financial performance and future growth outlook as presented in the unaudited results for Q2 and H1 FY27.
🔍
Management Signal
The management's decision to raise FY27 revenue growth guidance signals confidence in future business performance and market demand.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Q3 FY27 financial results — check revenue and margin trajectory.
Updates on the operationalization of two mega campuses in H2 FY27.
Capital expenditure reports — monitor deployment and impact on cash flow.
MEDIUM RISK Significant capital expenditure for future growth impacts current cash flow and ties up capital before generating returns.
💡 Investor Takeaway
Smartworks reported H1 FY27 Revenue from Operations at INR 11,376 Mn, a 41% YoY increase. Normalised EBITDA Margin expanded to 19.7%. FY27 revenue growth guidance was revised upwards to 33%-35% YoY, confirming business momentum and expansion plans.
⚖️ Strengths & Concerns

✅ Positives

  • H1 FY27 Revenue from Operations grew 41% YoY to INR 11,376 Mn, indicating strong top-line performance.
  • Normalised EBITDA Margin for H1 FY27 expanded by 340 bps YoY to 19.7%, reflecting operational efficiency.

⚠️ Concerns

  • Capital expenditure for H1 FY27 was INR 3,066 Mn, representing a significant investment for future growth.
  • Normalised OCF / Normalised EBITDA was 0.9x for H1 FY27, as deposits were paid for upcoming H2 campuses.
📅 Company Track Record
Smartworks Q1 FY27 revenue was up 44% YoY to INR 5,462 Mn, with Normalised PAT growing 197% YoY. Q2 FY27 standalone revenue was Rs. 5,727.89 million, up 38.49% YoY, showing consistent revenue growth across recent quarters.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was Smartworks Coworking Spaces Ltd's revenue growth guidance for FY27?
Smartworks Coworking Spaces Ltd revised its FY27 revenue growth guidance to 33%-35% YoY, an increase from the previous 28%-30% outlook.
What were Smartworks' H1 FY27 Revenue from Operations and Normalised EBITDA Margin?
For H1 FY27, Smartworks' Revenue from Operations was INR 11,376 Mn, reflecting a 41% YoY increase. The Normalised EBITDA Margin for the same period stood at 19.7%.
What was Smartworks' operational space at the end of September 2026?
As of September 30, 2026, Smartworks' operational space was 10.9 Msf, with a total area of 17.5 Msf.
How much capital expenditure did Smartworks incur in H1 FY27?
Smartworks incurred capital expenditure of INR 3,066 Mn in H1 FY27, as it invests for future growth.
What was Smartworks' Normalised ROCE (Annualised) for H1 FY27?
Smartworks' Normalised ROCE (Annualised) for H1 FY27 was 20.4%, up 760 bps YoY.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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