It reported a net profit of ₹16.6 crore compared to a loss of ₹8.3 crore in the previous year. Revenue for the quarter increased by 45% to ₹519.6 crore from ₹358.4 crore in the fourth quarter of the previous year.
The company’s earnings before interest tax depreciation and amortization (EBITDA) increased by 45.6% to ₹338.2 crore in the fourth quarter from ₹232.3 crore in the previous year.Its margin expanded to 65.1% from 64.8% in the year-ago period.
The company said it crossed its contracted rental revenue of ₹5,200 crore as well.
“With more than ₹5,200 crore of contracted rental revenue, 100% of FY27 supply secured, and 75% visibility already in place for FY28, we enter the next phase with strong forward visibility,” Neetish Sarda, the company’s founder and managing director, said.The company said it has crossed 10 million square feet of operational area. Sarda later told CNBC-TV18 that the same is the company’s operational footprint and it has additionally secured 6 million square feet.
It expects 19% EBITDA growth in FY27 and also expects the FY26 revenue growth momentum of around 30% to continue in the next fiscal as well.
Sarda said around 90% of the company’s revenue comes from its annuity business.
He said the firm’s free cash flow is marginally negative at the momentum and is expected to turn positive over the next few quarters. He said no additional funding requirements are anticipated.
Shares of Smartworks Coworking Spaces gained 8.2% to hit an intraday high of ₹475 per share on Thursday. The stock later pared its gains and was up 1.6% at ₹446.25 apiece at 12.10 pm. It has risen 17% in the past month.
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