Smartworks Coworking Spaces Limited Q2 FY26 earnings call summary

Earnings call of 7 Nov 2025, summarised by AI from the filing.

Smartworks Q2 FY26 revenue ₹425 cr, up 21% year-on-year, with 16.4% normalized EBITDA margin; management expects 30%-plus growth near-term.

Key takeaways

1. Revenue Q2 FY26 revenue ₹425 cr, up 21% year-on-year and 12% sequentially.
2. Guidance Management aspires to 30%-plus revenue growth in the near-term and expects ROCE to double in next two years.
3. Change Retention fell to 74% from 94.5% in Q1 due to voluntary churn from COVID-era clients.
4. Risk New centers drag margins for first 8-12 months as costs start before revenues ramp up.

Original filing on BSE

Smartworks Coworking Spaces Limited Q1 FY27 results

As filed: Revenue ₹546 cr (+44% year on year), EBITDA ₹346 cr (+44% year on year), PAT ₹13.2 cr, EBITDA margin 63.3% (+1 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

• Q4 FY26: Revenue ₹507 cr, EBITDA ₹328 cr, PAT ₹15.0 cr, EBITDA margin 64.8%. Not scored. No result for the same quarter last year. Share price after the results: −1.0% in 29 days (Nifty 500: −0.9%).
• Q3 FY26: Revenue ₹461 cr, EBITDA ₹297 cr, PAT ₹0.3 cr, EBITDA margin 64.3%. Not scored. No result for the same quarter last year. Share price after the results: −2.7% in 29 days (Nifty 500: −0.7%).
• Q2 FY26: Revenue ₹414 cr, EBITDA ₹261 cr, PAT −₹4.0 cr, EBITDA margin 63.0%. Not scored. No result for the same quarter last year. Share price after the results: −25.4% in 29 days (Nifty 500: +1.4%).
• Q1 FY26: Revenue ₹365 cr, EBITDA ₹233 cr, PAT −₹5.0 cr, EBITDA margin 63.8%. Not scored. No result for the same quarter last year. Share price after the results: +21.7% in 29 days (Nifty 500: +0.7%).

Past price moves after results do not indicate future moves. Not a recommendation.

Smartworks Coworking Spaces Limited earnings call, investor presentation and press release summaries

• Q1 FY27: Earnings call (22 Jul 2026), Results deck (22 Jul 2026), Results press release (13 Jul 2026), Results press release (22 Jul 2026)
• Q4 FY26: Results deck (30 Apr 2026), Results press release (30 Apr 2026)
• Q3 FY26: Results deck (16 Jan 2026), Results press release (15 Jan 2026)
• Q2 FY26: Earnings call (7 Nov 2025), Results deck (6 Nov 2025), Results press release (6 Nov 2025), Results press release (6 Nov 2025)
• Q1 FY26: Earnings call (12 Aug 2025), Results deck (12 Aug 2025), Results press release (12 Aug 2025)
• Other events: Strategy deck (22 May 2026), Strategy deck (12 Feb 2026), Strategy deck (17 Nov 2025)