Smartworks Q1 FY27: profits turn positive; call Jul 22

Stock snapshot before the board outcome

Smartworks Coworking Spaces stock traded at ₹502.15 on 22 July 2026 (12:16 IST) on the NSE, according to the market snapshot provided. During the session, the share moved in an intraday range of ₹486.35 to ₹515.00. The stock’s 52-week range was cited as ₹361.50 (low) to ₹619.00 (high).

Separately, the note also referenced a CMP of ₹475 in the context of estimates and valuation. Together, these data points show the stock was in focus ahead of the Q1 FY27 result discussion cycle.

What the company disclosed on July 22

Smartworks Coworking Spaces Ltd (scrip code 544447) reported a board meeting outcome dated Wednesday, 22 July 2026, disclosed under Regulation 30 and other applicable provisions of the SEBI (LODR) Regulations, 2015.

The company said its board approved the Q1 FY27 financial results. A key reported change was profitability: standalone net profit turned positive to ₹10.276 crore, and consolidated net profit turned positive to ₹13.148 crore for the quarter.

The disclosure also referred to an investor or analyst interaction after the board meeting to discuss the results.

Earnings call details: timing and dial-in

Smartworks also announced an earnings conference call on 22 July 2026 at 4:00 PM IST to discuss financial performance for Q1 FY27 and provide business updates. The call was stated to be moderated by Karan Khanna of Ambit Capital.

Primary access numbers shared were:

• +91 22 6280 1148
• +91 22 7115 8049

FY26 performance that set the context

The Q1 FY27 event came after a strong FY26 performance for Smartworks as a listed company. For the financial year ended 31 March 2026, the company reported:

• Revenue from operations: ₹1,796 crore, up 31% year-on-year
• Normalised EBITDA: ₹314 crore, up 75% year-on-year
• Normalised EBITDA margin: 17.5%, up 440 basis points
• Net profit: ₹10.52 crore (another section also cites net profit at ₹11 crore under Ind AS)

It also reported operational and balance sheet metrics including operating cash flow of ₹356 crore, a net cash position of ₹56 crore, and gross debt reduced by over 50% since the IPO.

Expansion actions: Singapore acquisition and Pune enterprise lease

The disclosures highlighted two recent operating moves.

First, Smartworks said that post-quarter, it acquired Singapore’s Workstudio Spaces for ₹18.22 crore on 7 July 2026. In another disclosure line, the company’s Singapore subsidiary was said to have acquired 100% of Workstudio Spaces for an equity value of S$1.47 million in an all-cash transaction.

Second, the company reported a 60-month lease for over 930 seats in Pune, expected to generate ₹58 crore in committed rental revenue. The same note mentioned a combined portfolio commitment of ₹102 crore.

Contracted pipeline visibility cited by the company

Smartworks also reported a longer-dated revenue visibility indicator: over ₹5,200 crore in contracted rental revenue. The same update said 100% of FY27 supply was already secured, with 75%-80% visibility for FY28.

These figures matter for investors tracking managed office operators because contracted rental revenue and supply visibility can be a key input for understanding near-term occupancy and revenue certainty.

Results season expectations and published estimates

The provided notes included an expectations framework for Q1 FY27.

It stated that Smartworks’ Q1 FY27 results were expected in the July-August 2026 window. A separate line also listed “Q1 FY27 Results Date July 22, 2026”, aligning with the board outcome date.

A range-based estimate table cited:

• Q1 FY27 estimated revenue: ₹531 to ₹611 crore
• Q1 FY26 actual revenue: ₹388 crore
• Q1 FY27 estimated PAT: ₹(-2) to ₹2 crore versus Q1 FY26 PAT of ₹(-4) crore

The same note referenced a 12-month target range of ₹569 to ₹631 (attributed to Uniresearch) and stated a market capitalisation of ₹5,419 crore with a price-to-earnings multiple of 515.5 at the time of that snapshot.

Key numbers at a glance

Market impact: what investors will track from here

With the board stating that Q1 FY27 profits turned positive on both standalone and consolidated bases, investors are likely to compare the quarterly profitability trajectory against the company’s FY26 turnaround, when Smartworks reported its first full year of net profit.

The stock’s intraday movement and its wide 52-week range underline that the market is still price-discovering around the company’s post-IPO operating path. The Q1 call scheduled for 4:00 PM IST gives investors a defined window to assess management commentary in the context of the company’s disclosed pipeline, Singapore expansion, and enterprise leasing wins.

Conclusion

Smartworks’ July 22 board outcome confirmed approval of Q1 FY27 results and reported a shift to positive net profit for the quarter on both standalone and consolidated bases. The company’s earnings call scheduled for 4:00 PM IST is positioned as the next formal update for investors, following FY26’s ₹1,796 crore revenue base and the recently disclosed Workstudio acquisition and Pune leasing commitment.