Smartworks raises FY27 revenue-growth guidance to 33-35%
The managed-office operator reported quarterly revenue of about INR 591 crore and retained its normalised EBITDA-margin outlook of 19-20%.
Smartworks raised its FY27 revenue-growth guidance to 33-35%, from 28-30%, after reporting revenue from operations of approximately INR 591 crore for the September quarter, up 39% year on year.
The managed-office operator reported normalised EBITDA of approximately INR 117 crore, up 68%, and normalised profit after tax of INR 43.4 crore, up 136%. These are company-defined non-GAAP measures and are distinct from reported accounting earnings.
Smartworks retained its normalised EBITDA-margin outlook of 19-20%. It said two large campuses in Pune and Mumbai were scheduled to become operational in the second half of FY27.
Its total footprint reached approximately 17.5 million sq ft across 71 centres, including signed and upcoming properties. Operational space was approximately 10.9 million sq ft. Enterprise clients accounted for about 91% of rental revenue, according to the company.
