π‘ Smartworks Coworking Spaces Ltd (SMARTWORKS)
π’ Adds Over 15,000 Sq Ft of Managed Office Space in Singapore
Smartworks added over 15,000 sq ft of managed office space at Manulife Tower, Singapore, taking its total footprint in the city-state to more than 50,000 sq ft.
π The expansion is modest relative to the company's global operational portfolio of ~16.1 million sq ft across 66 centres as of March 31, 2026, but reinforces its international growth strategy.
π The company, which reported FY26 revenue of Rs. 1,796 Cr ( 31% YoY) and achieved its first full year of PAT profitability, continues to target GCCs and Fortune 500 clients across global markets.
π With a net cash balance sheet and strong occupancy momentum, the incremental capacity strengthens Smartworks' presence in Singapore without materially altering its leverage or overall capacity profile.
π MCap: Rs. 5,164 Cr
π EV/EBITDA: 8.03
π― ROCE: 8.30%