SMARTWORKS Coworking Spaces Limited — Quarter ended March 31, 2026 (and year ended March 31, 2026)
| To, | To, |
|---|---|
| National Stock Exchange of India Limited (“NSE”) | BSE Limited (“BSE”) |
| Listing Department | Listing Department |
| Exchange Plaza, C-1 Block G, Bandra Kurla Complex Bandra [E], Mumbai – 400051 | Corporate Relationship Department |
| Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001 | |
| NSE Scrip Symbol: SMARTWORKS | BSE Scrip Code: 544447 |
| ISIN: INE0NAZ01010 | ISIN: INE0NAZ01010 |
| Sl. No. | Particulars | Quarter ended March 31, 2026 (Unaudited) (Refer Note 3) | Quarter ended December 31, 2025 (Unaudited) | Quarter ended March 31, 2025 (Audited) (Refer Note 3) | Year Ended March 31, 2026 (Audited) | Year Ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|---|
| 1 | Income | |||||
| Revenue from operations | 5,066.32 | 4,609.85 | 3,488.67 | 17,460.11 | 13,398.72 | |
| Other income | 129.95 | 164.02 | 38.53 | 551.94 | 373.80 | |
| Total income | 5,196.27 | 4,773.87 | 3,527.20 | 18,012.05 | 13,772.52 | |
| 2 | Expenses | |||||
| Operating expenses | 1,374.64 | 1,310.72 | 992.97 | 4,914.68 | 4,109.52 | |
| Purchases of stock-in-trade | 37.29 | – | – | 37.29 | – | |
| Employee benefits expense | 225.06 | 230.99 | 179.04 | 880.04 | 608.04 | |
| Finance costs | 935.37 | 956.89 | 788.52 | 3,608.05 | 3,339.82 | |
| Depreciation and amortisation expense | 2,275.90 | 2,168.63 | 1,549.25 | 8,042.57 | 6,152.89 | |
| Other expenses | 147.32 | 102.72 | 54.27 | 435.70 | 337.78 | |
| Total expenses | 4,995.58 | 4,769.95 | 3,564.05 | 17,918.33 | 14,548.05 | |
| 3 | Profit/(loss) before tax (1-2) | 200.69 | 3.92 | (36.85) | 93.72 | (775.53) |
| 4 | Tax expense/(credit) | |||||
| Current tax | 86.37 | – | – | 86.37 | – | |
| Deferred tax | (35.86) | 0.99 | 33.90 | (62.78) | (158.16) | |
| Total tax expense/(credit) | 50.51 | 0.99 | 33.90 | 23.59 | (158.16) | |
| 5 | Profit/(loss) for the period/ year (3-4) | 150.18 | 2.93 | (70.75) | 70.13 | (617.37) |
| 6 | Other comprehensive income/(loss) | |||||
| Items that will not be reclassified to profit or loss: | ||||||
| – Re-measurement gain/(loss) on defined benefit plans | 0.77 | (0.83) | (0.21) | (1.98) | (0.19) | |
| – Income tax related to above item | (0.19) | 0.21 | 0.05 | 0.50 | 0.05 | |
| Total other comprehensive income/ ( loss) for the period/year (net of tax) | 0.58 | (0.62) | (0.16) | (1.48) | (0.14) | |
| 7 | Total comprehensive profit/(loss) for the period/year (5+6) | 150.76 | 2.31 | (70.91) | 68.65 | (617.51) |
| 8 | Paid up equity share capital (Face value : Rs. 10 each) | 1,142.63 | 1,142.63 | 1,031.90 | 1,142.63 | 1,031.90 |
| 9 | Other equity | – | – | – | 4,154.19 | 101.67 |
| 10 | Earnings per share^# | |||||
| Basic | 1.31 | 0.03 | (0.68) | 0.63 | (6.04) | |
| Diluted | 1.31 | 0.03 | (0.68) | 0.63 | (6.04) |
| Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
|---|---|---|
| ASSETS | ||
| 1. Non-current assets | ||
| (a) Property, plant and equipment | 15,126.66 | 11,248.14 |
| (b) Right-of-use assets | 36,558.14 | 26,118.76 |
| (c) Capital work in progress | 559.37 | 1,354.80 |
| (d) Intangible assets | 11.62 | 23.92 |
| (e) Investments in subsidiaries | 187.54 | 187.54 |
| (f) Financial assets | ||
| (i) Investments | 21.82 | 109.63 |
| (ii) Loans | 224.00 | 235.06 |
| (iii) Other financial assets | 3,689.14 | 2,265.92 |
| (g) Deferred tax assets (net) | 1,381.37 | 1,318.09 |
| (h) Income tax assets (net) | 192.66 | 124.50 |
| (i) Other non-current assets | 1,514.28 | 901.31 |
| Total non-current assets | 59,466.60 | 43,887.67 |
| 2. Current assets | ||
| (a) Financial assets | ||
| (i) Trade receivables | 340.63 | 245.34 |
| (ii) Cash and cash equivalents | 661.39 | 392.36 |
| (iii) Bank balances other than cash and cash equivalents | 1,475.70 | 191.94 |
| (iv) Other financial assets | 866.13 | 397.06 |
| (b) Other current assets | 1,190.29 | 1,166.89 |
| Total current assets | 4,534.14 | 2,393.59 |
| TOTAL ASSETS (1+2) | 64,000.74 | 46,281.26 |
| EQUITY AND LIABILITIES | ||
| 3. Equity | ||
| (a) Equity share capital | 1,142.63 | 1,031.90 |
| (b) Other equity | 4,154.19 | 101.67 |
| Total equity | 5,296.82 | 1,133.57 |
| Liabilities | ||
| 4. Non-current liabilities | ||
| (a) Financial liabilities | ||
| (i) Lease liabilities | 38,718.23 | 28,023.97 |
| (ii) Borrowings | 1,353.98 | 2,160.26 |
| (iii) Other financial liabilities | 4,042.01 | 2,534.83 |
| (b) Provisions | 87.67 | 68.22 |
| (c) Other non-current liabilities | 779.44 | 432.54 |
| Total non-current liabilities | 44,981.33 | 33,219.82 |
| 5. Current liabilities | ||
| (a) Financial liabilities | ||
| (i) Lease liabilities | 6,556.52 | 5,203.90 |
| (ii) Borrowings | 715.72 | 1,817.44 |
| (iii) Trade payables | ||
| – total outstanding dues of micro enterprises and small enterprises | 132.60 | 115.78 |
| – total outstanding dues of creditors other than micro enterprises and small enterprises | 1,774.89 | 1,037.84 |
| (iv) Other financial liabilities | 3,785.02 | 3,302.84 |
| (b) Provisions | 19.38 | 15.05 |
| (c) Other current liabilities | 738.46 | 435.02 |
| Total current liabilities | 13,722.59 | 11,927.87 |
| TOTAL EQUITY AND LIABILITIES (3+4+5) | 64,000.74 | 46,281.26 |
| Particulars | Year Ended March 31, 2026 (Audited) | March 31, 2025 (Audited) |
|---|---|---|
| Cash flows from operating activities: | ||
| Profit/(Loss) before tax | 93.72 | (775.53) |
| Adjustments for: | ||
| – Depreciation and amortization expenses | 8,042.57 | 6,152.89 |
| – Finance costs | 3,608.05 | 3,339.82 |
| – Revenue equalization reserve | (316.97) | (71.08) |
| – Interest income | (513.32) | (328.27) |
| – Liabilities/provision no longer required written back | (3.96) | |
| – Gain on fair valuation of investment in mutual funds | (0.92) | (7.21) |
| – Net gain on sale of investments in mutual funds and equity shares of other company | (5.75) | (7.15) |
| – Capital work in progress/property, plant and equipment written off | 5.30 | 25.94 |
| – Loss/(profit) on sale of property, plant & equipment | 3.53 | (1.02) |
| – Share based payment expense | 27.50 | 39.32 |
| – Others | 23.55 | 36.01 |
| Operating cash flows before working capital changes | 10,963.30 | 8,403.72 |
| Changes in working capital | ||
| – Trade receivables | (104.20) | (105.67) |
| – Trade payables | 757.83 | (41.49) |
| – Provisions | 10.49 | (3.04) |
| – Other financial and non-financial liabilities | 2,494.81 | 961.47 |
| – Other financial and non-financial assets | (2,371.51) | (493.62) |
| Cash generated from operating activities before tax | 11,750.72 | 8,721.37 |
| Income tax refund/(paid) (net) | (154.53) | 306.22 |
| Net cash generated from operating activities (A) | 11,596.19 | 9,027.59 |
| Cash flows from investing activities: | ||
| – Purchase of property plant and equipments and other intangible assets (including capital work in progress, capital advances and payables against capital expenditure) | (3,815.28) | (2,683.40) |
| – Sale of property plant and equipments | 4.85 | 1.43 |
| – Investment in mutual funds units | (1,030.00) | (1,615.01) |
| – Proceeds from sale of mutual fund units/equity shares of other companies | 1,124.48 | 1,648.93 |
| – Investment in equity shares of other companies | – | (16.40) |
| – Investment in subsidiary | – | (187.24) |
| – Proceeds from/(investment in) bank deposits not considered as cash and cash equivalents (net) | (1,330.56) | 98.39 |
| – Loan given to subsidiaries | (58.54) | (78.54) |
| – Repayment of loan by subsidiaries | 69.60 | 30.56 |
| – Interest received (including interest from subsidiaries) | 116.98 | 54.05 |
| Net cash used in investing activities (B) | (4,918.47) | (2,747.23) |
| Cash flows from financing activities: | ||
| – Proceeds from long term borrowings | 1,364.40 | 1,158.69 |
| – Repayment of long term borrowings | (2,806.88) | (1,465.12) |
| – Repayment of short term borrowings | – | (17.50) |
| – Proceeds/(repayment) from vendor financing arrangements (net) | (87.56) | 62.59 |
| – Proceeds from issue of equity shares and share warrants | 4,450.00 | 1,165.50 |
| – Proceeds from exercise of share options | 1.31 | – |
| – Proceeds from issue of cumulative convertible preference shares | – | 2.88 |
| – Interest paid on borrowings | (252.99) | (416.98) |
| – Interest paid on lease liabilities | (3,108.80) | (2,770.58) |
| – Transaction costs related to issue of equity share capital | (384.21) | (0.49) |
| – Other borrowing cost paid | (11.47) | (16.32) |
| – Payment of initial direct cost for acquiring right-of-use assets | (74.83) | (78.64) |
| – Payment of principal portion of lease liabilities | (5,111.52) | (3,859.75) |
| **Net cash used in |