Smartworks Coworking Spaces zooms on adding incremental contracted rental revenue of Rs 235 crore
Smartworks Coworking Spaces is currently trading at Rs. 554.75, up by 32.00 points or 6.12% from its previous closing of Rs. 522.75 on the BSE.
The scrip opened at Rs. 542.65 and has touched a high and low of Rs. 554.75 and Rs. 524.85 respectively. So far 8925 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 618.30 on 04-Nov-2025 and a 52 week low of Rs. 361.45 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 554.75 and Rs. 487.85 respectively. The current market cap of the company is Rs. 6,338.69 crore.
The promoters holding in the company stood at 58.32%, while Institutions and Non-Institutions held 9.20% and 32.48% respectively.
Smartworks Coworking Spaces has added around Rs 235 crore of incremental contracted rental revenue through expansion mandates from existing clients including Fortune 500 and Forbes 2000 companies, across multiple cities. The value reflects leasing rental revenue with engagement tenures of up to 60 months and builds on the company's around Rs 5,400 crore contracted rental revenue base disclosed as of June 30, 2026.
The clients include a global leader in engineering and technology services - a subsidiary of a Fortune India 500 company, the India IT services arm of a Forbes 2000 company, and a Fortune 500 global infrastructure consulting firm among others. Several are building advanced technology and AI capabilities out of their India centres.
Around 92% of Smartworks’ revenue is derived from enterprise clients, underscoring its position as a platform of choice for large organisations seeking managed, scalable workspace solutions. Around 35% of the company’s revenue comes from multi-city clients, reflecting its growing role as a preferred workspace and infrastructure partner for enterprises across geographies. The company has also secured its expansion pipeline in prime locations for FY27 and FY28, and partially for FY29, with capacity locked well ahead of demand, positioning it stronger to serve clients across its markets.
Smartworks Coworking Spaces is engaged in the business of customized managed workspace solutions, offering fully serviced, tech-enabled office environments with aesthetic designs and essential amenities to meet the specific needs of enterprises and their employees.
