Smartworks Swings To ₹25.6 Cr Profit In Q2 As Revenue Rises 39%, Raises FY27 Guidance

Smartworks has turned a year-ago loss into a profit while its revenue grew nearly 40%. The Gurugram-based managed workspace provider reported a consolidated net profit of ₹25.6 crore for Q2 FY27, against a loss of ₹3.1 crore a year earlier and ₹13.1 crore in the previous quarter. Operating revenue rose 39.2% to ₹591.4 crore, up 8.3% from the June quarter.

Normalised EBITDA, which the company defines as reported EBITDA less lease liability repayments, rose 68% to ₹116.9 crore, lifting the margin to 19.8% from 16.4%. Smartworks also raised its FY27 revenue growth guidance to 33–35% from 28–30%, and says contracted rental revenue stands at about ₹5,800 crore. Founded in 2015 by Neetish Sarda and Harsh Binani, Smartworks serves 785 clients.

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