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Smartworks Posts Record Q4 With Rs 520 Crore Revenue and Rs 17 Crore Profit

Enterprise demand for managed offices signals steadier growth through longer leases.

Overview

  • Smartworks reported revenue from operations of Rs 520 crore in Q4 FY26, up 45% year on year and 10% quarter on quarter, with profit after tax of Rs 17 crore.
  • Normalised EBITDA rose 71% year on year to Rs 99 crore, with the quarterly margin expanding to 19.0%.
  • Operating cash flow reached Rs 108 crore for the quarter, reflecting cash generation equal to 1.1 times EBITDA.
  • For FY26, revenue grew 31% to Rs 1,796 crore and the company delivered full‑year profit of Rs 11 crore after a loss in FY25.
  • Contracted rental revenue exceeded Rs 5,200 crore at year‑end, providing clearer revenue visibility as large enterprises sign multi‑year managed office agreements.