Smartworks Coworking Spaces Ltd

Smartworks Coworking Spaces has leased ~1.68 lakh sq. ft. in Kolkata to a leading global provider of information technology, consulting and business process services. The IT major's new office is distributed across two Smartworks campuses - Victoria Park and Mediasiti, located in Kolkata's thriving commercial micro market at Salt Lake City, Sector V. This is the largest flex office deal signed in the Kolkata region. Strategically located with excellent connectivity and a strong talent ecosystem, the new workspace offers tech-enabled environments, modern collaboration zones, meeting suites, recreation areas, wellness facilities and convenience stores - designed as holistic, experience-led spaces that support productivity, culture and scale for today's enterprises. Powered by Capital Market - Live

The agency has also affirmed the company's short term rating at 'CARE A1'. CARE Ratings stated that the ratings assigned to bank facilities of Smartworks Coworking Spaces (SCSL) derive strength from continued improvement in scale of operations over the years through improving space under management and healthy occupancy levels. CARE Ratings also notes SCSL's listing on BSE and NSE from 17 July 2025, post a successful initial public offer (IPO), which subsequently improved SCSL's financial risk profile leading to improved capital structure and debt coverage indicators. CareEdge Ratings also notes that a major portion of IPO funds are to be utilised for future expansion. The ratings also consider the company's strong presence in the flexible, fully serviced workspace sector across India, and backing of reputable investors. The ratings further benefit from a diverse and reputed tenant profile, which reduces tenant concentration risk. The presence of escrow mechanism and debt service reserve account (DSRA) and stable operating cash flows through timely collection of rent contribute to rating comfort. However, ratings are constrained by continuous accounting losses in the past, resulting in leveraged capital structure till FY25, significant expansion plans in the near future that pose market risks, the potential risk of lease non-renewal after the lock-in period, exposure to macroeconomic conditions and cyclical nature of the competitive real estate industry. Smartworks Coworking Spaces is engaged in flexible fully serviced workspace leasing business, with pan-India presence having total leasable areas of nearly 10.1 million square feet as on 30 June 2025. The scrip fell 3.32% to currently trade at Rs 529.65 on the BSE. Powered by Capital Market - Live

Net Loss of Smartworks Coworking Spaces reported to Rs 3.14 crore in the quarter ended September 2025 as against net loss of Rs 15.83 crore during the previous quarter ended September 2024. Sales rose 21.24% to Rs 424.78 crore in the quarter ended September 2025 as against Rs 350.37 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales424.78350.37 21 OPM %63.6061.22 - PBDT193.62139.10 39 PBT-4.39-21.09 79 NP-3.14-15.83 80 Powered by Capital Market - Live

The key equity indices traded with moderate losses in the mid-morning trade. Investors will track corporate earnings, global cues, FII outcome and crude oil prices. The Nifty traded below the 25,700 level. IT shares witnessed selling pressure for the four consecutive trading sessions. At 11:25 IST, the barometer index, the S&P BSE Sensex, declined 215.01 points or 0.26% to 83,763.48. The Nifty 50 index fell 95.95 points or 0.37% to 25,668.55. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index shed 0.14%, while the S&P BSE Small-Cap index fell 0.34%. The market breadth was positive. On the BSE, 1,679 shares rose and 2,129 shares fell. A total of 220 shares were unchanged. IPO Update: Billionbrains Garage Ventures (Groww) received bids for 5,62,23,000 shares as against 36,47,76,528 shares on offer, according to stock exchange data at 11:20 IST on Tuesday (4 November 2025). The issue was subscribed 0.15 times. The issue opened for bidding on 4 November 2025 and it will close on 7 November 2025. The price band of the IPO is fixed between Rs 95 and 100 per share. Lenskart Solutions received bids for 29,92,13,043 shares as against 9,97,61,257 shares on offer, according to stock exchange data at 11:20 IST on Tuesday (4 November 2025). The issue was subscribed 3.00 times. The issue opened for bidding on 31 October 2025 and it will close on 4 November 2025. The price band of the IPO is fixed between Rs 382 and 402 per share. Buzzing Index: The Nifty IT index tumbled 1.05% to 35,279. The index fell 2.25% in the four consecutive trading session. LTIMindtree (down 1.24%), Coforge (down 0.87%), HCL Technologies (down 0.85%), Tata Consultancy Services (down 0.78%), Persistent Systems (down 0.74%), Infosys (down 0.61%), Tech Mahindra (down 0.51%), Wipro (down 0.48%), Mphasis (down 0.48%) and Oracle Financial Services Software (down 0.4%) declined. Stocks in Spotlight: Smartworks Coworking Spaces rose 2.69% after the company announced a landmark lease at Eastbridge, Vikhroli. The deal gives Smartworks licensing rights for over 8,15,000 sq ft, making it the largest managed workspace campus ever leased by a single operator. Kirloskar Brothers shed 0.69%. The company reported a 29.28% decline in consolidated net profit to Rs 67.4 crore on a 0.78% drop in revenue from operations to Rs 1,027.7 crore in Q2 FY26 over Q2 FY25. Kansai Nerolac Paints fell 1.16%. The company reported a 5.20% rise in standalone net profit to Rs 136.94 crore in Q2 FY26, compared with Rs 130.16 crore in Q2 FY25. Revenue from operations rose marginally to Rs 1,871.02 crore in Q2 FY26 as against Rs 1,863.77 crore posted in the same quarter last year. Global Markets: Asia-Pacific markets traded mixed on Tuesday, diverging from Wall Street's tech-driven rally overnight. The gains in U.S. equities were fueled by renewed enthusiasm around artificial intelligence. Amazon shares jumped 4% after the company announced a $38 billion partnership with OpenAI, which will deploy hundreds of thousands of Nvidia graphics processing units. Nvidia stock also climbed about 2% after securing export licenses to supply its chips to the United Arab Emirates. On Wall Street, the Nasdaq Composite rose on Monday as investors moved further into the artificial intelligence trade following a number of deal announcements. The tech-heavy Nasdaq advanced 0.46% to finish at 23,834.72, while the S&P 500 traded up 0.17% to 6,851.97. The Dow Jones Industrial Average lagged, falling 226.19 points, or 0.48%, to 47,336.68.Powered by Capital Market - Live

The deal gives Smartworks licensing rights for over 8,15,000 sq ft, making it the largest managed workspace campus ever leased by a single operator. The campus, developed by the Niranjan Hiranandani Group, will offer WELL and IGBC Gold pre-certified amenities, and is scheduled to go live in Q4 CY2026. Smartworks said the site will feature an entry plaza, amphitheatre, super-tree greenscape, yoga and meditation zones, jogging tracks, bicycle parking, EV chargers and a Miyawaki mini forest. Managing director and founder Neetish Sarda said the alliance with Hiranandani reinforces Smartworks' position as the category leader in managed campuses. He added the campus will combine scale, sustainability and people-first design to meet enterprise needs. Niranjan Hiranandani praised Smartworks' operational expertise and called Eastbridge a global-standard workplace project. Smartworks Coworking Spaces is the largest managed office platform by total area under management ~12 million sq. ft as on 30 June 2025, across 14 cities in India and Singapore. The company serves as a one-stop workspace solution for companies. The company leases entire/large bare shell properties in prime locations from landlords and transforms them into fully serviced, 'Smartworks' branded, and tech-enabled campuses with daily-life and aspirational amenities 'cafeterias, sports zones, convenience stores, gyms, cr'ches, and medical centres. Smartworks focusses on mid-to-large Enterprises and has a diverse client base of over 730, which includes Forbes 2000 companies, MNCs, Indian conglomerates and startups. The company's board will consider Q2 results on 6 November 2025. On a consolidated basis, Smartworks Coworking Spaces reported net loss of Rs 4.20 crore in Q1 June 2025 as against net loss of Rs 23.03 crore in Q1 June 2024. Net sales jumped 20.99% YoY to Rs 379.21 crore in Q1 June 2025. The stock debuted on the bourses on 17 July 2025, listing at Rs 436.10 ' a premium of 7.15% over the issue price of Rs 407. The initial public offer (IPO) of Smartworks Coworking Spaces was subscribed 13.45 times. The issue was open for bidding from 10 to 14 July 2025, with a price band fixed between Rs 387 and Rs 407 per share. Powered by Capital Market - Live

Smartworks Coworking Spaces has achieved a new milestone with the License of over 8,15,000 sq. ft. at Eastbridge, Mumbai ' a marquee commercial development by Regalia Office Parks Private Limited, the commercial office division of the Niranjan Hiranandani Group, in Vikhroli (W). Eastbridge is the world's largest managed office campus and the biggest - ever leased globally by a managed workspace provider, underscoring Smartworks' category leadership. Smartworks continues to beat its own leasing record and today boasts of 6 office campuses pan India with area of over 5 lac square feet each. Strategically located on LBS Marg in one of Mumbai's most dynamic business corridors, the campus is scheduled to go live in Q4 of CY 2026. It offers seamless connectivity via the Central Railway line to Vikhroli station, Jogeshwari-Vikhroli Link Road (JVLR) connecting both the Eastern and Western Express Highways, an upcoming metro line improving access across multiple junctions, and a planned flyover from LBS Marg to the Eastern Express Highway.Powered by Capital Market - Live

Smartworks Coworking Spaces will hold a meeting of the Board of Directors of the Company on 6 November 2025.Powered by Capital Market - Live

Smartworks Coworking Spaces has reinforced its leadership with over 557,000 sq. ft. campus at Intellion Park, Navi Mumbai, a marquee development by Tata Realty and Infrastructure. Intellion Park is Smartworks' largest managed office campus in Mumbai. With this addition, the company's leased portfolio in Mumbai has crossed the 1 million sq. ft. milestone, a landmark achievement in India's financial capital. Strategically located on the Thane Belapur Road, Intellion Park is poised to be the largest IT Park in Navi Mumbai. The micro-market is backed by a well-established social and physical infrastructure, offering excellent connectivity, thriving residential hubs, and access to a strong talent pool. The new campus is already attracting interest from marquee clients, drawn by its prime location and comprehensive amenities designed for workforce productivity.Powered by Capital Market - Live

Smartworks Coworking Spaces announced that the Annual General Meeting(AGM) of the company will be held on 29 September 2025.Powered by Capital Market - Live

Net Loss of Smartworks Coworking Spaces reported to Rs 4.20 crore in the quarter ended June 2025 as against net loss of Rs 23.03 crore during the previous quarter ended June 2024. Sales rose 20.99% to Rs 379.21 crore in the quarter ended June 2025 as against Rs 313.43 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales379.21313.43 21 OPM %63.5661.29 - PBDT168.34116.15 45 PBT-5.57-31.14 82 NP-4.20-23.03 82 Powered by Capital Market - Live