Smartworks to reach 13 million sq ft of operational footprint by FY27

Managed workspace provider Smartworks said it is on track to achieve its FY27 guidance of 28-30% revenue growth, 19-20% normalised EBITDA margin, and an operational footprint of 12.5-13 million sq. ft.

For the quarter ended June 30, 2026, company’s revenue from operations was 546 crore, up 44% from a year ago and 5% from the previous quarter - the fifth quarter in a row of sequential growth since listing.

Smartworks grows by strategically securing long-term leases for large, full campuses in prime business locations across high-demand cities, while maintaining consistently high occupancy across its existing campuses. Beyond office space, its campuses offer cafeterias, convenience stores, gyms, recreation zones, crèches and round-the-clock support - so companies and their employees have everything they need in one place.


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The Company has signed an LOI for Eastside, by Panchshil Realty in Kharadi, Pune, 8.63 lakh sq. ft., which will be the world's largest managed office campus when it opens in H2 FY27, surpassing the Company's own record.

Together with Eastbridge in Mumbai (8.15 lakh sq. ft.) and other campuses opening through the year, another 2.2–2.7 million sq. ft. is set to become operational over the next nine months, with robust client pre-commitments.

“We believed large enterprises would increasingly move away from traditional offices in favour of flexible, fully managed workspaces that could scale with their business. One year later, that conviction is reflected not just in our financial performance, but in the way our clients are choosing to grow with us,” said Neetish Sarda, Founder & Managing Director, Smartworks.

Clients with over 1,000 seats contribute 41% of its rental revenue, up from 37% for FY26, while revenue from multi-city clients has increased to 35% from 31% for FY26.

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“With Rs 5,400 crore of contracted rental revenue and our expansion pipeline already secured through FY28 and partially for FY29, we remain confident of delivering our guidance and creating long-term value,” Sarda said.

Operational portfolio expanded to 10.4 million sq. ft. across 54 operational centres in 15 cities, including Singapore while total secured footprint stands at 16.9 million sq. ft. across 70 centres including signed buildings.

Rental revenue from enterprise clients expanded to 92% while mature centres operated at 89% occupancy, with committed occupancy of 92%.

Revenue from Global Capability Centres (GCCs) rose to 21% of rental revenue, up from 15% for FY26 while multi-city client revenue rose to 35% of rental revenue as enterprise clients continued expanding across cities; the 1,000+ seat cohort grew to 41% from ~34% in FY26

India's office market recorded its highest-ever quarterly leasing of 24.6 million sq. ft. in April–June 2026, with managed workspace operators accounting for 27% of total leasing - the largest single category. Global companies setting up India offices anchored 42% of total absorption, according to a leading property consultant.