Smartworks Coworking Spaces' Q1 FY 2026-27 Quarterly Results

Result Summary

• Smartworks Coworking Spaces Ltd reported a 5.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 44.2%.
• Its expenses for the quarter were up by 6.2% QoQ and 37.7% YoY.
• The net profit decreased 20.9% QoQ and decreased 413.1% YoY.
• The earnings per share (EPS) of Smartworks Coworking Spaces Ltd stood at 1.15 during Q1 FY 2026-27.

Financial Statments for Q1 FY 2026-27

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Smartworks Coworking Spaces Ltd is a company that operates in the coworking industry, providing flexible office spaces for businesses and professionals. The company is known for offering shared office spaces with a variety of amenities designed to support productivity and collaboration. Coworking spaces like those provided by Smartworks have gained popularity as they offer cost-effective and flexible alternatives to traditional office leases, particularly appealing to startups, freelancers, and small to medium-sized enterprises. However, specific recent developments or expansions of Smartworks Coworking Spaces Ltd are not available in the provided data.

Revenue

For Q1FY27, Smartworks Coworking Spaces Ltd reported a total income of ₹559.67 crores. This represents a quarter-over-quarter (QoQ) increase of 5.1% compared to the ₹532.70 crores reported in Q4FY26. Year-over-year (YoY), the total income grew by 44.2% from ₹387.99 crores in Q1FY26. This substantial YoY growth in income suggests a strong increase in revenue generation over the year. The rise in total income is likely a result of increased demand for coworking spaces, expansion of facilities, or improved occupancy rates.

Profitability

In terms of profitability, Smartworks Coworking Spaces Ltd recorded a profit before tax of ₹17.57 crores in Q1FY27, decreasing by 21.0% from ₹22.25 crores in Q4FY26. Despite this QoQ decline, the profit before tax represents a significant improvement compared to the loss of ₹5.57 crores in Q1FY26, marking a YoY change of -415.4%. After accounting for taxes, the profit after tax stood at ₹13.15 crores for Q1FY27, down by 20.9% from the ₹16.62 crores in Q4FY26. Compared to the loss of ₹4.20 crores in Q1FY26, the current quarter's performance marks a remarkable YoY turnaround of -413.1%. The earnings per share (EPS) for Q1FY27 was ₹1.15, reflecting a decrease of 20.7% from the preceding quarter, yet a significant improvement from the negative EPS of -₹0.41 in Q1FY26, a YoY change of -380.5%.

Operating Metrics

For Q1FY27, the total expenses of Smartworks Coworking Spaces Ltd were ₹542.10 crores, which increased by 6.2% from the ₹510.45 crores spent in Q4FY26. Year-over-year, expenses rose by 37.7% from the ₹393.56 crores reported in Q1FY26. The rise in expenses could be attributed to numerous factors such as expansion activities, increased operational costs, or investments in infrastructure and services. Despite the increase in expenses, the company achieved a positive profit margin, indicating effective management of their cost structure relative to income. The tax expense for Q1FY27 was ₹4.42 crores, which was a 21.4% decrease from ₹5.62 crores in Q4FY26, and a significant change from the negative tax figure of -₹1.37 crores in Q1FY26 due to the previous period's losses.