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Buy Calls: Smartworks Coworking, Aptus Value Housing, says Kotak Securities
Shrikant Chouhan, Head of Equity Research, Kotak Securities explains why the brokerage is bullish on Smartworks Coworking Spaces and Aptus Value Housing.
Smartworks to acquire Singapore’s Workstudio Spaces
Smartworks is set to acquire Singapore-based Workstudio Spaces, expanding its footprint to 76,000 sq. ft. with over 1,500 seats. This strategic move, funded internally, will more than double the company's presence in Singapore within two years. The acquisition aims to tap into a high-demand micro-market and diversify its client base. Smartworks recently achieved profitability and significant revenue growth, demonstrating a strong financial position for continued expansion.
Managed office platform Smartworks adds 15,000 sq ft in Singapore
Managed office platform Smartworks has expanded its Singapore presence by adding 15,000 sq ft at Manulife Tower. This brings their total Singapore footprint to over 50,000 sq ft. Smartworks reported strong financial results for FY26, including significant revenue growth and profitability.
Smartworks leases 400 seats to Japanese NBFC subsidiary in Mumbai
Managed office provider Smartworks Coworking Spaces has secured a significant deal in Mumbai. A Japanese non-banking financial company's Indian arm has leased over 400 seats for five years. This agreement is expected to bring in approximately Rs 35 crore in rental revenue. The transaction highlights the ongoing demand for flexible office solutions from financial services firms.
Flex office firms' earnings jump on strong demand, premium shift
Flexible workspace firms WeWork India, Smartworks, IndiQube, and Awfis reported robust revenue growth and improved margins in the last fiscal year. Sustained demand from global capability centers and a shift to managed offices fueled this performance.
Smartworks Coworking Spaces shares surge up to 8% after Q4 results, profit rises for second quarter
Smartworks Coworking Spaces expects 19% EBITDA growth in FY27 and also expects the FY26 revenue growth momentum of around 30% to continue in the next fiscal as well.