Smartworks Coworking Spaces Sets Q2 FY27 Results Call for Oct 30

Smartworks Coworking Spaces Limited is scheduled to approve and discuss its unaudited Q2 and first-half FY27 results on October 30, 2026, following Q1 consolidated revenue from operations growth of 44.05% year-on-year to ₹546.25 crore. The update is relevant because the company has retained its FY27 revenue-growth and margin targets despite lower sequential quarterly profit.

When will Smartworks Coworking Spaces report Q2 FY27 results?

Smartworks Coworking Spaces will hold a board meeting on October 30, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The company had issued the board-meeting intimation on October 1.

The company has also scheduled an earnings conference call at 2:30 pm IST on October 30. Senior management, including the Managing Director and Chief Financial Officer, are expected to discuss Q2 FY27 financial performance and business updates. The announcement came before the release of the detailed second-quarter financial statements.

The Q2 update follows a period of rising reported revenue. The quarterly sales series provided for the company rose from ₹425 crore in September 2025 to ₹472 crore in December 2025, ₹520 crore in March 2026 and ₹546 crore in June 2026. The September 2026 results will show whether that trend continued during the first half of FY27.

What did Smartworks Coworking Spaces report in Q1 FY27?

Smartworks Coworking Spaces reported consolidated revenue from operations of ₹546.25 crore for the quarter ended June 30, 2026, up 44.05% from ₹379.21 crore a year earlier and 5.11% from ₹519.68 crore in the preceding quarter. Consolidated total income increased 44.25% year-on-year to ₹559.67 crore.

Consolidated profit after tax was ₹13.15 crore in Q1 FY27, compared with a loss of ₹4.19 crore in Q1 FY26. However, profit after tax was lower than ₹15.02 crore in Q4 FY26, a sequential decline of 31.58%. The figures indicate a year-on-year return to profitability, while also showing that profit did not rise at the same pace as revenue on a quarter-on-quarter basis.

On a standalone basis, Smartworks reported revenue from operations of ₹527.71 crore, up 44.66% year-on-year. Standalone profit before tax was ₹13.73 crore, compared with a loss of ₹6.02 crore in Q1 FY26, while profit after tax was ₹10.28 crore. Basic and diluted standalone earnings per share were ₹0.90, compared with negative ₹0.44 in the year-earlier quarter.

What is driving Smartworks Coworking Spaces' revenue growth?

Smartworks Coworking Spaces attributed its Q1 FY27 growth to enterprise demand, committed occupancy of 92%, and a growing contribution from global capability centres, or GCCs. GCCs accounted for 21% of the company’s business contribution during the period cited.

The company also said value-added services, or VAS, revenue tripled to ₹68 crore in Q1 FY27. It added several clients across industries, according to its results communication, although the supplied information does not identify these clients or quantify their individual contributions.

Normalised EBITDA rose 74% to ₹107 crore in Q1 FY27, and the normalised EBITDA margin expanded by 337 basis points to 19.6%. These measures are important alongside revenue because they show the operating profitability reported before interest, tax, depreciation and amortisation, whereas profit after tax declined from the immediately preceding quarter.

What guidance has Smartworks Coworking Spaces retained for FY27?

Smartworks Coworking Spaces has reiterated its FY27 guidance for 28% to 30% revenue growth and a normalised EBITDA margin of 19% to 20%. It is also targeting an operational footprint of 12.5 million to 13 million square feet by March 2027.

The retained guidance places focus on the company’s ability to expand its workspace platform while maintaining the stated margin range. Its Q1 normalised EBITDA margin of 19.6% was within that FY27 guidance band, based on the figures released for the June quarter.

The company’s reported operating data also provides context for the expansion plan. Revenue increased across the four quarters from September 2025 through June 2026, while operating profit in the supplied quarterly table moved from ₹72 crore to ₹100 crore over the same period. Interest expense, however, was ₹96 crore in June 2026, underlining the relevance of financing costs when investors assess profit after tax.

How will the Q2 FY27 update matter to investors and operations?

Smartworks Coworking Spaces' Q2 disclosure will provide the next official measure of revenue, occupancy-led demand, margins and profitability after Q1. Investors will be able to compare the result with management’s 28% to 30% FY27 revenue-growth target and 19% to 20% normalised EBITDA-margin target.

The update also matters for customers and industry participants because Smartworks is pursuing a larger operational footprint by March 2027. Its cited 92% committed occupancy and 21% GCC contribution suggest that enterprise and GCC demand are relevant to current operations, while the Q2 release will provide management’s updated commentary on those drivers.

The available financial data presents a mixed operating picture. Revenue and normalised EBITDA improved strongly year-on-year in Q1, and consolidated profit turned positive from a year-earlier loss. But sequential profit after tax declined, and the company’s interest expense remained material in the quarterly data supplied. The October 30 call is therefore the scheduled forum for management to discuss both performance and business developments.

Conclusion

Smartworks Coworking Spaces enters its Q2 FY27 results date after a Q1 in which consolidated revenue from operations rose 44.05% year-on-year to ₹546.25 crore and consolidated profit after tax reached ₹13.15 crore. The company’s results showed improving year-on-year profitability and a 19.6% normalised EBITDA margin, alongside a sequential decline in profit after tax.

The next confirmed event is the October 30 board meeting for approval of the unaudited Q2 and first-half FY27 results, followed by the 2:30 pm IST earnings call. Investors will watch for progress against the retained 28% to 30% revenue-growth target, the 19% to 20% margin target, and the planned 12.5 million to 13 million square foot footprint by March 2027.