Smartworks Q2 FY27 consolidated revenue Rs 591.37 cr, PAT Rs 25.64 cr
Smartworks Coworking Spaces reported Q2 FY27 consolidated revenue of Rs 591.37 cr and profit after tax of Rs 25.64 cr, up from a loss a year earlier.
Key takeaways
- Revenue from operations Rs 591.37 cr vs Rs 424.78 cr a year earlier
- Total income Rs 605.30 cr vs Rs 441.07 cr in the year-ago quarter
- Total expenses Rs 570.43 cr vs Rs 445.45 cr in Q2 FY26
- PAT Rs 25.64 cr vs loss of Rs (3.14) cr in Q2 FY26
- Basic and diluted EPS Rs 2.24 vs Rs (0.27) a year earlier
Q2 FY27 · consolidated
| Metric | Sep 2026 | Sep 2025 | Change |
|---|---|---|---|
| Revenue | Rs 591.37 cr | Rs 424.78 cr | +39.2% |
| PAT | Rs 25.64 cr | Rs (3.14) cr | n/a |
As reported in the filing. Figures are transcribed, not computed.
What the numbers show
- Net margin was 4.34% of revenue, up 507 bps from -0.74%.
- Revenue rose 39.2% while total expenses rose 28.1%.
• Basis: Consolidated statement of unaudited financial results for the quarter ended September 30, 2026
• Revenue from operations: Rs 591.37 cr (Q2 FY26: Rs 424.78 cr)
• Other income: Rs 13.93 cr (Q2 FY26: Rs 16.28 cr)
• Total income: Rs 605.30 cr (Q2 FY26: Rs 441.07 cr)
• Operating expenses: Rs 171.73 cr (Q2 FY26: Rs 122.12 cr)
• Purchases of stock-in-trade: Rs 1.29 cr (Q2 FY26: Rs 0.171 cr)
• Employee benefits expense: Rs 27.90 cr (Q2 FY26: Rs 23.09 cr)
• Finance costs: Rs 97.56 cr (Q2 FY26: Rs 92.80 cr)
• Depreciation and amortisation expense: Rs 259.06 cr (Q2 FY26: Rs 198.01 cr)
• Other expenses: Rs 12.89 cr (Q2 FY26: Rs 9.26 cr)
• Total expenses: Rs 570.43 cr (Q2 FY26: Rs 445.45 cr)
• Profit/(loss) before tax: Rs 34.87 cr (Q2 FY26: Rs (4.39) cr)
• Total tax expense/(credit): Rs 9.23 cr (Q2 FY26: Rs (1.25) cr)
• Profit/(loss) for the period (PAT): Rs 25.64 cr (Q2 FY26: Rs (3.14) cr)
• Total other comprehensive income (net of tax): Rs 0.719 cr (Q2 FY26: Rs 0.342 cr)
• Total comprehensive income/(loss) for the period: Rs 26.36 cr (Q2 FY26: Rs (2.80) cr)
• Paid up equity share capital: Rs 114.38 cr (Face value: Rs 10 each) (Q2 FY26: Rs 114.26 cr)
• Basic EPS: Rs 2.24 (Q2 FY26: Rs (0.27))
• Diluted EPS: Rs 2.24 (Q2 FY26: Rs (0.27))
According to the consolidated statement of unaudited financial results for the quarter ended September 30, 2026, revenue from operations increased to Rs 591.37 cr from Rs 424.78 cr in the corresponding quarter a year earlier. Total income rose to Rs 605.30 cr from Rs 441.07 cr over the same period.
On the cost side, total expenses moved up to Rs 570.43 cr from Rs 445.45 cr. Key expense lines that increased versus the year-ago quarter include operating expenses (Rs 171.73 cr vs Rs 122.12 cr), finance costs (Rs 97.56 cr vs Rs 92.80 cr) and depreciation and amortisation expense (Rs 259.06 cr vs Rs 198.01 cr). Employee benefits expense also rose to Rs 27.90 cr from Rs 23.09 cr.
The company swung to a consolidated profit before tax of Rs 34.87 cr for the quarter, compared with a loss before tax of Rs (4.39) cr in the same quarter last year. After a total tax expense of Rs 9.23 cr, profit for the period stood at Rs 25.64 cr, versus a loss of Rs (3.14) cr a year earlier. Basic and diluted earnings per share improved to Rs 2.24 from Rs (0.27) on a face value of Rs 10 per share.
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