Smartworks Shares Surge 6.12% on Rs 235 Crore Revenue Boost

Smartworks Coworking Spaces saw its shares climb 6.12% on the BSE today, trading at Rs. 554.75.

This upward movement follows the company’s announcement of adding Rs 235 crore in incremental contracted rental revenue, primarily from existing enterprise clients.

Key Market Metrics

• The scrip opened at Rs. 542.65, reaching a day high of Rs. 554.75 and a low of Rs. 524.85.
• A total of 8925 shares were traded, with the company’s market capitalization standing at Rs. 6,338.69 crore.
• Smartworks’ 52-week high is Rs. 618.30 (04-Nov-2025) and its 52-week low is Rs. 361.45 (30-Mar-2026).
• Last week’s trading range saw a high of Rs. 554.75 and a low of Rs. 487.85.

The newly secured revenue reflects leasing engagements with tenures extending up to 60 months.

This addition builds upon Smartworks’ previously disclosed contracted rental revenue base of around Rs 5,400 crore as of June 30, 2026.

Enterprise Client Expansion

The expansion mandates stem from existing clients, including Fortune 500 and Forbes 2000 companies, spread across multiple cities.

These clients encompass a global leader in engineering and technology services, a subsidiary of a Fortune India 500 company, and the India IT services arm of a Forbes 2000 company.

A Fortune 500 global infrastructure consulting firm is also among the clients, with several developing advanced technology and AI capabilities from their India centers.

Revenue Structure and Outlook

Smartworks derives approximately 92% of its revenue from enterprise clients, highlighting its role as a preferred platform for large organizations.

Additionally, around 35% of the company’s revenue originates from multi-city clients, demonstrating its growing geographic reach and infrastructure partnership capabilities.

The company has proactively secured its expansion pipeline in prime locations for FY27, FY28, and partially for FY29, positioning itself strongly to meet future demand across its markets.