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Smartworks Coworking Spaces (SMARTWORKS)₹507.65−1.38%Diversified Commercial Services
In the Sep 2026 quarter (consolidated), Smartworks Coworking Spaces reported sales of ₹590 Cr, up 38.9% from Sep 2025, and net profit of ₹25.97 Cr. For the year to Mar 2026, sales were ₹1,793 Cr and net profit ₹10.99 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 313 | 349 | 351 | 357 | 378 | 424 | 471 | 519 | 545 | 590 |
| Expenses | 121 | 136 | 134 | 126 | 138 | 155 | 167 | 180 | 199 | 214 |
| Operating Profit | 192 | 214 | 218 | 232 | 241 | 269 | 305 | 337 | 345 | 378 |
| OPM % | 61.1% | 61.0% | 62.1% | 65.1% | 64.0% | 64.0% | 65.1% | 65.1% | 63.0% | 64.1% |
| Other Income | 9.96 | 9.97 | 11.96 | 3.99 | 8.97 | 15.94 | 15.93 | 12.95 | 12.95 | 13.94 |
| Interest | 85.86 | 85.81 | 84.88 | 79.81 | 80.90 | 92.78 | 96.86 | 94.82 | 95.84 | 97.88 |
| Depreciation | 147 | 160 | 167 | 161 | 174 | 199 | 223 | 235 | 247 | 259 |
| Profit before tax | −31.01 | −20.99 | −21.99 | −5.01 | −5.99 | −4.01 | 1.99 | 21.99 | 17.99 | 35.01 |
| Tax % | −26.0% | −24.9% | −27.9% | 68.1% | −25.0% | −28.0% | 21.0% | 25.1% | 25.1% | 26.1% |
| Net Profit | −22.95 | −15.98 | −15.98 | −7.99 | −3.99 | −2.99 | 0.99 | 16.98 | 12.99 | 25.97 |
| EPS (Rs) | −2.79 | −1.90 | −1.56 | −0.81 | −0.42 | −0.28 | 0.12 | 1.46 | 1.16 | 2.25 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 254 | 280 | 360 | 710 | 1,037 | 1,371 | 1,793 | 2,125 |
| Expenses | 119 | 113 | 154 | 286 | 379 | 516 | 638 | 760 |
| Operating Profit | 135 | 166 | 206 | 424 | 659 | 855 | 1,153 | 1,366 |
| OPM % | 53.1% | 59.1% | 57.1% | 60.1% | 63.1% | 62.1% | 64.1% | 64.3% |
| Other Income | 7.97 | 29.90 | 33.90 | 32.85 | 73.68 | 35.88 | 53.79 | 55.77 |
| Interest | 69.88 | 96.76 | 122 | 237 | 327 | 335 | 365 | 385 |
| Depreciation | 103 | 172 | 212 | 357 | 474 | 637 | 831 | 964 |
| Profit before tax | −30.97 | −71.96 | −93.94 | −136 | −67.92 | −79.01 | 13.99 | 76.98 |
| Tax % | −28.0% | −24.9% | −26.0% | −25.9% | −25.9% | −20.0% | 24.1% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.99 | 0.99 | — |
| Net Profit | −21.97 | −53.93 | −69.92 | −101 | −49.93 | −62.91 | 10.99 | 56.93 |
| EPS (Rs) | −2.91 | −7.03 | −9.06 | −13.02 | −6.33 | −6.13 | 0.93 | 4.99 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 77.15 | 77.10 | 77.08 | 78.22 | 79.24 | 103 | 114 |
| Reserves | 161 | 107 | 36.92 | −45.84 | −28.89 | 5.01 | 417 |
| Borrowings | 60.77 | 134 | 247 | 3,915 | 3,436 | 3,741 | 4,784 |
| Other Liabilities | 1,062 | 1,178 | 2,503 | 532 | 664 | 810 | 1,161 |
| Total Liabilities | 1,360 | 1,496 | 2,864 | 4,479 | 4,151 | 4,659 | 6,476 |
| Fixed Assets | 1,068 | 1,176 | 2,331 | 3,728 | 3,416 | 3,787 | 5,248 |
| CWIP | 21.01 | 12.99 | 88.98 | 52.02 | 71.97 | 139 | 58.04 |
| Investments | 114 | 0.00 | 0.00 | 0.00 | 10.98 | 10.99 | 1.99 |
| Other Assets | 158 | 307 | 442 | 698 | 652 | 721 | 1,168 |
| Trade receivables | 3.99 | 6.99 | 9.99 | 13.99 | 13.99 | 25.99 | 38.97 |
| Cash & equivalents | 11.04 | 102 | 102 | 215 | 70.25 | 69.23 | 237 |
| Total Assets | 1,360 | 1,496 | 2,864 | 4,479 | 4,151 | 4,659 | 6,476 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | 114 | 153 | 216 | 532 | 743 | 930 | 1,197 |
| Cash from investing activity | −219 | −40.90 | −94.79 | −306 | −192 | −275 | −498 |
| Cash from financing activity | 113 | −161 | −109 | −171 | −576 | −638 | −621 |
| Net cash flow | 9.02 | −50.13 | 13.04 | 55.13 | −26.09 | 15.05 | 77.29 |
| Capex | 106 | 66.93 | 144 | 325 | 266 | 290 | 387 |
| Free cash flow | 7.99 | 85.85 | 105 | 234 | 479 | 637 | 809 |
| CFO / OP % | 90.1% | 89.1% | 107.1% | 126.0% | 116.1% | 105.1% | 105.1% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 7 | 10 | 11 | 8 | 6 | 8 | 9 |
| Cash conversion cycle | 6 | 9 | 10 | 7 | 5 | 7 | 8 |
| Working capital days | −200 | −322 | −391 | −326 | −267 | −274 | −233 |
| ROCE % | — | 8.0% | 8.0% | 5.0% | 7.0% | 7.0% | 8.0% |
For the Sep 2026 quarter, Smartworks Coworking Spaces reported sales of ₹590 Cr, up 38.9% year on year and net profit of ₹25.97 Cr. The operating margin was 64.1%.
Smartworks Coworking Spaces' sales for the year to Mar 2026 were ₹1,793 Cr; over the last twelve months they were ₹2,125 Cr.
Net profit for the year to Mar 2026 was ₹10.99 Cr, and ₹56.93 Cr over the last twelve months. Earnings per share over the same trailing period were ₹4.99.
Smartworks Coworking Spaces reported borrowings of ₹4,784 Cr at Mar 2026, against cash and equivalents of ₹237 Cr.
Cash from operations was ₹1,197 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹809 Cr.