Smartworks Coworking Spaces Limited has made available the audio recording of its analyst meet held on January 16, 2026, which discussed the company's unaudited financial results for the third quarter of fiscal year 2026. The announcement was made in compliance with Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details and Accessibility

The analyst meet was conducted through audio means and provided a comprehensive discussion on the company's unaudited financial results for the quarter ended December 31, 2025. The session covered both standalone and consolidated financial performance metrics.

Recording Availability

The complete audio recording of the analyst discussion is now accessible to stakeholders and investors through the company's official website. The recording has been uploaded to the investor relations section, specifically under the financial results category.

Regulatory Compliance

The disclosure was made in accordance with the Securities and Exchange Board of India's listing regulations, ensuring transparency and accessibility of financial information to all stakeholders. The company has fulfilled its obligation to provide timely access to material information discussed during the analyst interaction.

The audio recording serves as a valuable resource for investors, analysts, and other stakeholders who wish to gain detailed insights into the company's Q3FY26 performance and management commentary on the results for the quarter ended December 31, 2025.

Smartworks Coworking Spaces delivered its strongest quarterly performance in Q3 FY26, with management describing the results as confirmation that India's largest managed office platform has entered a "compounding phase." The Gurugram-based company achieved significant milestones across key financial and operational metrics during the quarter.

Financial Performance Highlights

The company's financial performance showed robust growth across all major parameters during Q3 FY26:

The company achieved profitability under Ind AS while maintaining its net-debt negative position, demonstrating strong cash generation capabilities. The operating cash flow of ₹101.00 crore surpassing EBITDA reflects the business model's cash conversion efficiency.

Operational Scale and Growth

Smartworks has established a significant operational footprint across India's major commercial markets:

During the quarter, the company added 1.7 million square feet through letters of intent, indicating continued expansion momentum. The mature centres maintained strong performance with 93% committed occupancy rates.

Revenue Mix and Client Strategy

The company's revenue composition reflects a strategic focus on enterprise clients and large-format deals. Enterprise clients driving multi-city contracts now account for approximately 30% of rental revenue, while large-format deals with over 1,000 seats contribute 35% of rental revenue. This shift towards longer-tenure contracts provides greater revenue stability and predictability.

Committed rental revenue exceeded ₹4,700.00 crore, offering substantial forward visibility for the business. This metric underscores the company's success in securing long-term commitments from enterprise clients across multiple locations.

Management Outlook

Founder Neetish Sarda highlighted that the quarter's results confirmed the business had entered a compounding phase, with growth anchored in long-tenure enterprise contracts. The company plans to sustain its expansion through a self-funded model backed by positive cash generation, reducing dependence on external financing.

The strong operational and financial metrics position Smartworks to capitalize on India's growing demand for flexible workspace solutions while maintaining its market leadership in the managed office segment.