Managed office space provider Smartworks reported its financial results for the quarter ended June 2026 (Q1 FY27). The company posted 45% year-on-year growth in revenue during the period, while its EBITDA rose over 37% to Rs 346 crore. Smartworks’ revenue from operations rose to Rs 528 crore in the Q1 FY27 from Rs 365 crore in Q1 FY26, according to its unaudited consolidated financial statements filed with the National Stock Exchange (NSE). Smartworks derives the bulk of its operating revenue from developing, designing and licensing serviced office spaces, along with fit out services and other ancillary offerings. The company also reported Rs 13.4 crore in non operating income, which took its total income to Rs 560 crore in Q1 FY27. On a sequential basis, the firm’s operating revenue grew 5% fromRs 520 crore in Q4 FY26. On the cost side, depreciation (related to lease) was the largest expense at Rs 246 crore, followed by operating expenses, which were at Rs 154 crore. Finance costs, employee benefits, and other overheads took Smartworks’s total expenditure to Rs 542 crore, compared to Rs 394 crore in the same quarter last year. Coming to the bottom line, Smartworks turned profitable on a year-on-year basis with a net profit of Rs 13 crore in Q1 FY27, aided by other income.However, its EBITDA grew over 37% year on year to Rs 346 crore during the quarter, with an EBITDA margin of 63.4%. As of 12:35 PM today, Smartworks shares traded at around Rs 494 apiece, valuing the company at a market capitalization of Rs 5,634 crore ($593 million). Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
