30-Oct-2026 11:28:56
SMARTWORKS Q2 FY27: RAISES FY27 REVENUE GROWTH GUIDANCE TO 33–35% FROM 28–30%; CONTRACTED RENTAL REVENUE REACHES ₹5,800 CR
• FY27 Revenue Guidance: Management upgrades revenue growth guidance to 33–35% from 28–30%, supported by strong enterprise demand and a growing pipeline of large deals • Margin Guidance: Maintains FY27 normalised EBITDA margin guidance of 19–20%, with performance expected towards the upper end of the range • Expansion Target: Maintains annual capacity addition target of 25–30 lakh sq. ft., supporting future revenue growth • Contracted Revenue: Contracted rental revenue increased to approximately ₹5,800 Cr, providing strong visibility into future revenue • New Campus Expansion: Two major managed office campuses scheduled to become operational in H2 FY27 — Eastside in Pune (8.63 lakh sq. ft.) and Eastbridge in Mumbai (8.15 lakh sq. ft.) • Operational Footprint: Total footprint reached 1.75 Cr sq. ft. across 71 centres, including signed and upcoming properties, while operational footprint increased to 1.09 Cr sq. ft. • Occupancy Levels: Mature centres maintained approximately 88% occupancy, while committed occupancy stood at 91% • Enterprise Demand: Enterprise customers contribute 91% of rental revenue, while Global Capability Centres (GCCs) account for approximately 22% • Large Client Growth: Clients occupying more than 1,000 seats contribute 41% of rental revenue, up from 35% YoY, reflecting rising demand from large corporates • International Expansion: Singapore operations expanded to four centres with approximately 1,600 seats • Quarterly Results: Revenue increased 39% YoY and 8% QoQ to ₹591 Cr, while normalised EBITDA surged 68% YoY to ₹117 Cr • Profitability: Normalised PAT jumped 136% YoY to ₹43.4 Cr, with normalised EBITDA margin improving to 19.8% from 16.4% YoY • Cash Flow: Normalised operating cash flow increased 74% YoY to ₹107 Cr, while annualised normalised ROCE improved to 21.6% from 13.6% • Future Growth Plans: Focused on expanding large-format managed office campuses, strengthening relationships with enterprise clients and capturing rising GCC demand across key business markets • Capex Plans: Continuing investments in new campuses and capacity expansion, although no specific fresh capex amount was disclosed in the press release
SMARTWORKS COWORKING SP L