Smartworks Raises FY27 Revenue Growth Guidance Following Strong Q2 Performance
Gurugram, October 30, 2026: Managed office platform Smartworks Coworking Spaces Limited has raised its FY27 revenue growth guidance to 33–35%, up from its earlier estimate of 28–30%, following strong second-quarter financial results, according to a press release issued by the company.
For the quarter ended September 30, 2026 (Q2 FY27), the company reported a 39% year-on-year increase in revenue from operations to Rs 591 crore. Normalised EBITDA rose 68% year-on-year to Rs 117 crore, with margins improving to 19.8%, while normalised profit after tax reached Rs 43.4 crore, up 136% year-on-year. For the first half of FY27, revenue from operations stood at Rs 1,138 crore with a normalised EBITDA of Rs 224 crore.
The company’s total footprint reached approximately 17.5 million sq. ft. across 71 centers, with an operational footprint of roughly 10.9 million sq. ft. Contracted rental revenue increased to approximately Rs 5,800 crore, backed by enterprise clients who contribute around 91% of total rental revenue. Global Capability Centres account for roughly 22% of rental revenue. Two of its largest campuses, Eastside in Pune and Eastbridge in Mumbai, are scheduled to become operational in the second half of FY27.
Commenting on the results, Neetish Sarda, Founder & Managing Director, Smartworks, said, “We have delivered a strong performance in the first half and are tracking well ahead of the plan we set for FY27. This quarter, revenue grew 39% and normalised profit after tax more than doubled over last year, even as we invested through our heaviest expansion phase – and on the back of this, we have raised our full-year revenue growth guidance. It reflects what we have always believed: at scale, our growth and profitability compound together. We are seeing sustained demand translate into growth. Existing clients are expanding with us across cities, while new global businesses, Indian conglomerates and GCCs are choosing our platform for their infrastructure needs.”
