Smartworks Coworking Spaces Ltd shares fall 1.46% as it raises FY27 revenue growth guidance after Q2 results
Why did Smartworks Coworking Spaces Ltd shares fall today?
Smartworks Coworking Spaces Ltd shares were trading 1.46% lower at ₹478.15 as of 12:05 PM on Friday, even as the company reported a strong set of quarterly numbers and raised its FY27 revenue growth guidance. The company released its un-audited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, along with a media release highlighting an impressive performance across key metrics. Despite the positive financials, the stock failed to hold gains and slipped into negative territory, likely weighed down by profit booking and some investor caution over valuation levels after the recent run-up in the stock.
According to the media release, Smartworks reported revenue growth of 39% year-on-year to ₹591 crore in Q2 FY27. Normalised EBITDA surged 68% year-on-year to ₹117 crore, while normalised profit after tax (PAT) more than doubled to approximately ₹43.4 crore, marking a 136% jump on a year-on-year basis. On the back of this robust performance, the company raised its FY27 revenue growth guidance, signalling confidence in continued momentum in the coworking and managed office space segment.
The financial results, approved by the Board of Directors, were filed with both the National Stock Exchange of India (NSE) and BSE Limited on October 30, 2026. The company also made the un-audited results and media release available on its investor relations page at smartworksoffice.com/investors. While the headline numbers paint a healthy picture for the company's growth trajectory, the marginal decline in share price suggests that the market may have already priced in much of the good news, or that investors chose to book profits following the results announcement.
What does Smartworks Coworking Spaces Ltd do?
Smartworks Coworking Spaces Ltd is a coworking spaces company listed on both the National Stock Exchange of India Limited under the scrip symbol SMARTWORKS and BSE Limited under scrip code 544447, with ISIN INE0NAZ01010. The company has demonstrated strong financial growth, reporting un-audited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, which were approved by its Board of Directors.
For the second quarter of FY27, Smartworks delivered impressive performance with revenue growing 39% year-on-year to ₹591 crore. Normalised EBITDA rose 68% year-on-year to ₹117 crore, and normalised profit after tax more than doubled to approximately ₹43.4 crore, reflecting a 136% year-on-year increase. On the back of this strong Q2 FY27 performance, the company raised its FY27 revenue growth guidance, underscoring confidence in its continued business momentum and scaling trajectory.
Smartworks Coworking Spaces Ltd Financials
In CroresSmartworks Coworking Spaces Ltd reported a revenue of ₹780.18 Crores in the quarter ended March 2026, which declined to ₹546.25 Crores in the quarter ended June 2026, representing a sequential drop of approximately 30%. Profit followed a similar downward trend, falling from ₹65.41 Crores in Mar 2026 to ₹13.15 Crores in Jun 2026 — a sharp decline of around 80%. Both the top line and bottom line registered a notable contraction in the latest reported quarter, with profitability shrinking at a steeper rate than revenue, suggesting pressure on margins during the period. Overall, the financial data reflects a declining trend in both revenue and profit between the two consecutive quarters.
Smartworks Coworking Spaces Ltd Shareholding Pattern
Promoter holding stands at 58.27% of the total share capital. Foreign Institutional Investors (FIIs) hold 0.36% stake in the company, while Domestic Institutional Investors (DIIs) hold 9.07%. Public shareholders hold the remaining 32.31% stake in Smartworks Coworking Spaces Ltd.
Smartworks Coworking Spaces Ltd FAQs
Q: Why did Smartworks shares fall 1.46% today?
Media Release Un-Audited (Standalone & Consolidated) Financial Results for the quarter and half year ended September 30, 2026 - Titled: Smartworks Raises FY27 Revenue Growth Guidance after ..... This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Smartworks Coworking Spaces Ltd?
As per the latest data, promoters hold 58.27% stake in Smartworks Coworking Spaces Ltd, while FII holding stands at 0.36%. Domestic institutional investors hold 9.07%, and public shareholders account for 32.31% of the equity.
Q: What is the current stock price of Smartworks Coworking Spaces Ltd?
Smartworks Coworking Spaces Ltd shares are currently trading at ₹478.15, recording a decline of 1.46% from the previous close.
Q: What is the market capitalization of Smartworks Coworking Spaces Ltd?
The company currently has a market capitalization of ₹5469.13 crore, reflecting its valuation in the Indian equity market.