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Smartworks Coworking Spaces Ltd
| Standalone Financial Results for the Quarter and Year Ended March 31, 2026
Report Source
⬤30th Apr 26
Summary : Smartworks reported a strong turnaround to profit in FY26, driven by revenue growth and successful IPO completion, with an unmodified audit opinion.
Quarterly Report Analysis & Insights
Financial Disclosures
- Standalone Total expenses: 17,918.33 million (FY26).
- Consolidated Total expenses: 18,360.54 million (FY26).
- Key expenses include operating, employee benefits, finance, depreciation.
- Standalone Revenue from operations: 17,460.11 million (FY26).
- Standalone Other income: 551.94 million (FY26).
- Consolidated Revenue from operations: 17,958.05 million (FY26).
- Consolidated Other income: 540.99 million (FY26).
- Standalone Net cash from operating activities: 11,596.19 million (FY26).
- Standalone Net cash used in investing activities: -4,918.47 million (FY26).
- Standalone Net cash used in financing activities: -6,022.55 million (FY26).
- Consolidated Net cash from operating activities: 11,971.63 million (FY26).
- Consolidated Net cash used in investing activities: -5,013.58 million (FY26).
- Consolidated Net cash used in financing activities: -6,209.47 million (FY26).
- Standalone Total Assets: 64,000.74 million (March 31, 2026).
- Standalone Total Equity: 5,296.82 million (March 31, 2026).
- Consolidated Total Assets: 64,636.18 million (March 31, 2026).
- Consolidated Total Equity: 5,306.77 million (March 31, 2026).
- Both standalone and consolidated financial results are presented.
- Consolidated results include parent and four wholly-owned subsidiaries.
Corporate Overview
- India (Registered Office in Delhi, Corporate Office in Gurugram, Haryana).
- Developing and licensing fully serviced office spaces.
- Providing design and fitout services.
- Offering other related services.
- Single operating segment for the company.
- Capital expenditure for fit-outs in new centres.
- Security deposits for new centres.
Risk Factors
- Auditors rely on other subsidiary reports.
- Going concern assumption could face uncertainty.
- High finance and depreciation costs.
Key Drivers
- Successful IPO completed in financial year 2026.
- Significant turnaround from loss to profit.
- Strong revenue growth across operations.
- Unmodified audit opinion on financial results.
Auditor’s Report
- Unmodified opinion on annual standalone financial results.
- Unmodified opinion on annual consolidated financial results.
- Identifying and assessing risks of material misstatement.
- Evaluating internal control effectiveness.
- Assessing accounting policies and estimates.
- Concluding on going concern assumption.
Board Commentary
- Capital expenditure for fit-outs in new centres.
- Security deposits for new centres.
Corporate Governance
- Audit Committee reviewed and approved results.