Smartworks Coworking Spaces Ltd

Net profit of Smartworks Coworking Spaces reported to Rs 13.15 crore in the quarter ended June 2026 as against net loss of Rs 4.20 crore during the previous quarter ended June 2025. Sales rose 44.05% to Rs 546.25 crore in the quarter ended June 2026 as against Rs 379.21 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales546.25379.21 44 OPM %63.3363.56 - PBDT263.28168.34 56 PBT17.57-5.57 LP NP13.15-4.20 LP Powered by Capital Market - Live

Smartworks Coworking Spaces (Smartworks) has expanded its engagement with L&T Technology Services (LTTS) through the addition of over 1,100 seats in Pune. With this expansion, LTTS's managed office portfolio with Smartworks has grown to over 2,750 seats across cities, reflecting the continued growth of a long-standing, multi-city enterprise engagement. The combined expected rental revenue from these locations is estimated at Rs 115 crore, which includes the Pune expansion of Rs 55 crore for a tenure of 60 months.

Under the latest expansion, Smartworks has leased more than 930 additional seats to the client at its Pune campus. This increases the client's total occupancy with the company to over 1,730 seats. The new agreement is for 60 months and is expected to generate committed rental revenue of approximately Rs 58 crore. Combined with the existing engagement, the total expected rental commitment from the client is estimated at around Rs 102 crore. Smartworks said enterprise customers continue to be its key growth driver. Clients with 300 or more seats contributed around 69% of rental revenue as of 31 March 2026, while multi-city clients accounted for approximately 31% of total revenue. More than 90% of the company's revenue came from enterprise customers. As of 31 March 2026, Smartworks managed approximately 16.1 million sq. ft. of office space across 66 centres in 15 cities in India and Singapore. The company provides managed office campuses for large enterprises by leasing commercial buildings and offering integrated workspace solutions. On a consolidated basis, Smartworks Coworking Spaces reported net profit of Rs 16.62 crore in Q4 March 2026 as against net loss of Rs 8.30 crore in Q4 March 2025. Net sales rose 44.99% YoY to Rs 519.68 crore in Q4 March 2026. Powered by Capital Market - Live

Smartworks Coworking Spaces has leased over 930 seats to the India-based subsidiary of a UK-headquartered global professional services and technology firm in Pune. With this addition, the client's total seat count with Smartworks now stands at over 1,730 seats. The 60-month engagement is expected to generate committed rental revenue of Rs 58 crore. Combined with the existing engagement, the expected rental commitment is estimated at Rs 102 crore.

Smartworks Coworking Spaces will hold a meeting of the Board of Directors of the Company on 22 July 2026.

Smartworks Coworking Spaces announced the completion of its acquisition of Workstudio Spaces (Workstudio), a Singapore-based coworking and flexible workspace provider, through its wholly owned subsidiary, Smartworks Space. The completion of the acquisition further strengthens Smartworks' presence in Singapore's enterprise workspace market and expands its managed office portfolio in one of Asia's leading business hubs. With the addition of Workstudio, Smartworks' Singapore portfolio has expanded to four operational centres, increasing its footprint to ~76,000 sq. ft. with a seating capacity of over 1,500. The acquisition also brings over 45 clients across diverse industry sectors into the Company's Singapore portfolio.

Smartworks Coworking Spaces has announced the strengthening of its Board with the appointment of Rajeev Krishnamuralilal Agarwal as an Additional Non-Executive and Independent Director of the Company, and the recommendation for the appointment of Justice (Retd.) Dilip Deshmukh as a Non-Executive and Independent Director of the Company, subject to the approval of the Company's shareholders. Rajeev Krishnamuralilal Agarwal is a distinguished former Whole-Time Member of the Securities and Exchange Board of India (SEBI) and an Indian Revenue Service (IRS) officer from the 1983 batch. During his tenure at SEBI, he oversaw key policy and regulatory areas including securities markets, mutual funds, foreign portfolio investments, market intermediaries, surveillance and enforcement. He also played an important role in significant regulatory reforms, including the introduction of the Offer for Sale (OFS) mechanism, strengthening market governance frameworks, and enhancing investor protection. He currently serves on the boards of several leading listed and financial services companies. Justice (Retd.) Dilip Deshmukh is a distinguished legal and judicial veteran with over four decades of experience across the judiciary and corporate adjudication. He previously served as Chairman of the Company Law Board (now the National Company Law Tribunal) and as a Judge of the Chhattisgarh High Court. Following his judicial tenure, he has established a practice in domestic and international arbitration. His deep expertise in corporate law, governance and judicial administration will further enhance the Board's governance capabilities.  

The company said the new centre adds more than 15,000 sq. ft. of workspace, taking its total footprint in Singapore to over 50,000 sq. ft. Located in Singapore's Central Business District, the fully serviced office space is housed within the LEED Gold and Green Mark Gold-certified Manulife Tower. The facility is designed to cater to a range of enterprises, including multinational corporations, Global Capability Centres (GCCs), Fortune 500 companies and high-growth businesses. The new centre is situated above the Telok Ayer MRT station and is within walking distance of Raffles Place MRT, providing connectivity to major commercial hubs. Smartworks said the facility will offer managed workspace solutions, including customised office design, fit-outs, meeting rooms and collaboration zones. The addition strengthens the company's Singapore portfolio, which already includes centres at Great Eastern Centre and Keppel Bay Tower. Smartworks is India's largest managed office platform by total area under management, with a footprint of ~16.1 million square feet across 66 centres in 15 cities across India and Singapore, as on 31 March 2026. The company reported consolidated net profit of Rs 16.6 crore in Q4 FY26 compared with net loss of Rs 8.30 crore in Q4 FY25. Revenue from operations jumped 44.99% YoY to Rs 519.68 crore in Q4 March 2026. Powered by Capital Market - Live

Smartworks Coworking Spaces has expanded its presence in Singapore through its wholly owned subsidiary Smartworks Space, with the addition of a new managed office space at Manulife Tower in the heart of Singapore's Central Business District (CBD). With this addition, the company's total footprint in Singapore grows to over 50,000 sq. ft., underscoring its commitment to delivering world-class managed workspace solutions across the city-state. The new fully serviced office space spans over 15,000 sq. ft. within the LEED Gold and Green Mark Gold certified Manulife Tower, designed to serve the full spectrum of enterprises - from high-growth businesses to Fortune 500 companies and Global Capability Centres (GCCs). Strategically positioned directly above Telok Ayer MRT station and within a five-minute walk of Raffles Place MRT, the office space places members within easy reach of a wide range of dining options, retail outlets, and wellness facilities, including gyms and fitness studios in the immediate vicinity.

Smartworks Coworking Spaces (Smartworks) has leased over 400 seats to a Japanese NBFC subsidiary in Mumbai. The five-year engagement is estimated to generate rental revenue of Rs 35 Crore.