Smartworks Coworking Spaces Ltd Share Price – NSE  / BSE

Co-Working, Small Cap

Under the latest expansion, Smartworks has leased more than 930 additional seats to the client at its Pune campus. This increases the client's total occupancy with the company to over 1,730 seats.

The new agreement is for 60 months and is expected to generate committed rental revenue of approximately Rs 58 crore. Combined with the existing engagement, the total expected rental commitment from the client is estimated at around Rs 102 crore.

Smartworks said enterprise customers continue to be its key growth driver. Clients with 300 or more seats contributed around 69% of rental revenue as of 31 March 2026, while multi-city clients accounted for approximately 31% of total revenue. More than 90% of the company's revenue came from enterprise customers.

As of 31 March 2026, Smartworks managed approximately 16.1 million sq. ft. of office space across 66 centres in 15 cities in India and Singapore. The company provides managed office campuses for large enterprises by leasing commercial buildings and offering integrated workspace solutions.

On a consolidated basis, Smartworks Coworking Spaces reported net profit of Rs 16.62 crore in Q4 March 2026 as against net loss of Rs 8.30 crore in Q4 March 2025. Net sales rose 44.99% YoY to Rs 519.68 crore in Q4 March 2026.

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Smartworks Coworking Spaces has leased over 930 seats to the India-based subsidiary of a UK-headquartered global professional services and technology firm in Pune.

With this addition, the client's total seat count with Smartworks now stands at over 1,730 seats.

The 60-month engagement is expected to generate committed rental revenue of Rs 58 crore. Combined with the existing engagement, the expected rental commitment is estimated at Rs 102 crore.

Smartworks Coworking Spaces will hold a meeting of the Board of Directors of the Company on 22 July 2026.

Smartworks Coworking Spaces announced the completion of its acquisition of Workstudio Spaces (Workstudio), a Singapore-based coworking and flexible workspace provider, through its wholly owned subsidiary, Smartworks Space.

The completion of the acquisition further strengthens Smartworks' presence in Singapore's enterprise workspace market and expands its managed office portfolio in one of Asia's leading business hubs. With the addition of Workstudio, Smartworks' Singapore portfolio has expanded to four operational centres, increasing its footprint to ~76,000 sq. ft. with a seating capacity of over 1,500.

The acquisition also brings over 45 clients across diverse industry sectors into the Company's Singapore portfolio.