Smartworks Achieves Record Profitability, Strong Revenue Growth in Q3FY26

• Smartworks reported its strongest quarterly performance to date in Q3FY26, with significant growth in revenue and EBITDA.
• Revenue jumped 34% year-on-year to ₹472 crore, and normalized EBITDA increased 86% year-on-year to ₹85 crore.
• The company achieved profitability at the Ind AS level for the first time, posting a PAT of ₹1.2 crore.
• Smartworks expanded its total footprint by 2.6 million square feet in Q3FY26, reaching 15.3 million square feet.
• Operating cash flow reached ₹101 crore, 1.2 times its EBITDA, indicating strong cash generation from core business despite negative free cash flow due to aggressive expansion.

Why It Matters: Smartworks achieved record revenue and EBITDA, turning profitable at the Ind AS level while aggressively expanding.