• Singapore portfolio expansion: Smartworks added a 15,000-square-foot center in Singapore to its two existing facilities, bringing its total footprint in the country to approximately 50,000 square feet.
• Revenue contribution: Singapore contributes about 4% to 5% of the company's ₹1,800 crore top line, while India remains the core volume driver with 10 million operational square feet out of a 16 million-square-foot footprint.
• Margin advantage: Operations in Singapore generate 400 to 500 basis points higher margins than India by combining premium local market pricing with an efficient Indian cost structure.
• Target revisions: Strong leasing momentum in India driven by BFSI clients and Global Capability Centers (GCCs) has led the company to revise its targets upwards for FY27 and FY28.