Smartworks Coworking Spaces Q1 Results: Revenue rises 44%, margin flat

Shares of Smartworks Coworking Spaces Ltd. declined on Wednesday, July 22, even as the company reported a positive set of earnings for the first quarter and its margins remained flat.

The company reported a net profit of ₹13 crore compared to a loss of ₹5 crore in the first quarter of the previous year.

The revenue quarter under review stood at ₹546 crore, rising 44% from ₹379 crore in the June quarter of the previous cycle.

The company's earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 43.5% to ₹346 crore in the fourth quarter from ₹241 crore in last year.

However, Smartworks' margin contracted 63.3% from 63.5% in the year-ago period.

In the previous quarter, i.e., Q4 of FY26, revenue for the quarter stood at ₹519.6 crore. The company's earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 45.6% to ₹338.2 crore. Its margin expanded to 65.1%.

While speaking to CNBC-TV18 at the end of Q4 of FY26,

Neetish Sarda, Founder & MD of Smartworks Coworking Spaces, said that the next leg of growth is driven by operating leverage. With scale kicking in, profitability is improving alongside expansion.



When we take a quick look at the company stock's recent performance, shares have been volatile and are trading flat with a negative bias. The stock has seen a rise of over 17% in the past year of trade. Trading at ₹497 per share, the stock is at a 21.86% decline from its 52-week high of ₹619.00 per share.

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