Integrated Filing — IndAS



General information about company
Scrip Code 544447
NSE Symbol SMARTWORKS
MSEI Symbol NOTLISTED
ISIN INE0NAZ01010
Name of company SMARTWORKS COWORKING SPACES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 12-Aug-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 07-Aug-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Single segment
Description of single segment Developing and licensing fully serviced office spaces design and fitout services and related ancilliary services
Start date and time of board meeting 12-Aug-2025   14:30:00
End date and time of board meeting 12-Aug-2025   15:02:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 3792110000
Other income 87760000
Total income 3879870000
2 Expenses
(a) Cost of materials consumed 0
(b) Purchases of stock-in-trade 31650000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0
(d) Employee benefit expense 233560000
(e) Finance costs 814570000
(f) Depreciation, depletion and amortisation expense 1739120000
(f) Other Expenses
1 Operating expenses 1035400000 1035400000
2 Other Expenses 81260000 81260000
Total other expenses 1116660000
Total expenses 3935560000
3 Total profit before exceptional items and tax -55690000
4 Exceptional items 0
5 Total profit before tax -55690000
6 Tax expense
7 Current tax 10000
8 Deferred tax -13730000
9 Total tax expenses -13720000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0
11 Net Profit Loss for the period from continuing operations -41970000
12 Profit (loss) from discontinued operations before tax 0
13 Tax expense of discontinued operations 0
14 Net profit (loss) from discontinued operation after tax 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0
16 Total profit (loss) for period -41970000
17 Other comprehensive income net of taxes 11640000
18 Total Comprehensive Income for the period -30330000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent -41970000
Total profit or loss, attributable to non-controlling interests 0
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 11640000
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0
21 Details of equity share capital
Paid-up equity share capital 1031900000
Face value of equity share capital 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.41
Diluted earnings (loss) per share from continuing operations -0.41
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0
Diluted earnings (loss) per share from discontinued operations 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -0.41
Diluted earnings (loss) per share from continuing and discontinued operations -0.41
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1. The Unaudited Consolidated Financial Results for the quarter ended June 30 2025 of the Group have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on August 12 2025. In compliance with Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015 a Limited Review of these Consolidated financial results has been carried out by the Statutory Auditors. The Group collectively refers to Smartworks Coworking Spaces Limited and its four wholly owned subsidiaries.tttttttttt n2. The Unaudited Consolidated Financial Results have been prepared in accordance with the recognition and measurement principles as laid down in Indian Accounting Standard 34 Interim Financial Reporting Ind AS 34 prescribed under section 133 of the Companies Act 2013 as amended the Act read with relevant rules issued thereunder as amended and other accounting principles generally accepted in India.tttttttttt n3. The figures for the quarter ended March 31 2025 are the balancing amounts between the audited consolidated financial statements for the year ended March 31 2025 and the special purpose audited consolidated financial statements for the nine months ended December 31 2024. The Unaudited Consolidated Financial Results for the quarter ended June 30 2024 have not been subjected to limited review or audit.tttttttttt n4. The Groups primary business segment involves developing and licensing fully serviced office spaces design and fitout services and related ancilliary services. The Board of Directors of the Parent Company which has been identified as being the Chief Operating Decision Maker CODM evaluates the Group performance allocate resources based on the analysis of the various performance indicator of the Group as a single unit of coworking spaces. Hence no separate segment information is disclosed.tttttttttt n5. Subsequent to the quarter ended June 30 2025 the Parent Company successfully completed its Initial Public Offering IPO of 14321474 equity shares with a face value of Rs. 10 each at an issue price of Rs. 407 per share this includes 88812 shares issued under the employee quota at a discounted price of Rs. 370 per share. The IPO comprised a fresh issue of 10941734 shares and an offer for sale of 3379740 shares by selling shareholders. Following the IPO the equity shares of the Parent Company were listed on the National Stock Exchange of India Limited NSE and the BSE Limited on July 17 2025. Accordingly the consolidated financial results for the quarter ended June 30 2025 have been prepared for the first time in compliance with SEBI listing regulations.tttttttttt n6. During the quarter ended March 31 2025 the Parent Company and one of its subsidiaries has opted for the concessional income tax regime under Section 115BAA of the Income Tax Act 1961 resulting in a lower applicable tax rate of 25.17 percentage. Consequently the re-measurement of deferred tax assets and liabilities at the revised tax rate has led to an additional deferred tax expense of Rs. 43.03 million which has been recognized in the financial results for the quarter ended March 31 2025.tttttttttt n7. All the amounts included in the Unaudited Consolidated Financial Results are rounded off to the nearest million except per share data and unless stated otherwise.tttttttttt n8. The results for the quarter ended June 30 2025 are available on Stock Exchange websites www.nseindia.com and www.bseindia.com and on the Parent companys website https.www.smartworksoffice.cominvestorstttttttttt n



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Re-measurement loss on defined benefit plans -120000 -120000
Total Amount of items that will not be reclassified to profit and loss -120000
2 Income tax relating to items that will not be reclassified to profit or loss -30000
3 Amount of items that will be reclassified to profit and loss
1 Net gain/(loss) due to foreign currency translation differences 11730000 11730000
Total Amount of items that will be reclassified to profit and loss 11730000
4 Income tax relating to items that will be reclassified to profit or loss 0
5 Total Other comprehensive income 11640000