Awfis Q1FY26 PAT Jumps to ₹10 Crore from ₹3 Crore Last Year

Awfis Space Solutions Limited (Awfis) a leading flexible workspace solutions provider company in India has released its unaudited financial results for the quarter ended 30th June 2025.

Commenting on the results, Mr. Amit Ramani, Chairman and Managing Director, Awfis Space Solutions Limited, said: ​

“We are pleased to report a strong start to FY26, with revenue at ₹335 crore, reflecting a 30% year-on-year growth. Our Operating EBITDA margin expanded by 710 basis points to 37.8%, driven by robust revenue growth, deeper enterprise penetration, expanding allied services, and a continued focus on operating efficiencies.

Operationally, our momentum remains strong, with a 40% year-on-year growth in operational seat capacity, underscoring the strength and scalability of our expansion strategy.

Our enterprise segment remains a key growth driver, with strong demand from first-time mid-sized GCC entrants and continued expansion by existing clients. As a result, our 100+ seat cohort now contributes 59% of our total portfolio, reinforcing the stickiness and scale of our enterprise relationships.

100% of the new Centres signed between June 2024 and June 2025 located in Grade A assets, clearly reflecting our intent to cater to a discerning clientele and build a future-ready, high-quality workspace portfolio. Our Tier 2 city presence has grown by ~25%, underlining our success in scaling beyond metro hubs and capturing value in emerging locations.

Since June’24, our total MA seat capacity has grown by 32%, and MA Centres by 23%, driven by growing landlord confidence and access to quality Grade A supply.

As guided, our near-term focus has been on optimizing the expanded capacity from FY25. Occupancies stood at 84% for Centres with 12+ months of vintage and 73% overall, reflecting healthy absorption trends. In the second half, we plan to resume strategic expansion in high-potential micro-markets to capture demand and enhance returns.

With a solid foundation, increasing institutional trust, and a clear execution focus, we remain confident in our ability to sustain profitable growth. Our integrated ecosystem — spanning co-working, allied services, and design & build — positions us strongly for long-term leadership in the flexible workspace industry.”​

Operational Highlights:

^LOI refers to Letters of Intent signed with space owners

Consolidated Financial Highlights: 

+ Adjusted for Ind-AS 109 - Financial Instruments & Ind-AS 102 –Share based payments​

Q1FY26 Consolidated Financial Highlights

• On Reported basis:

• Q1FY26 reported strong Operating Revenue of Rs. 335 Crs, growth of 30% YoY

• Operating EBITDA margin for Q1FY26 is 37.8%, improved by 710 bps on YoY basis, on back of strong revenue growth, Enterprise clients, Allied services and operating efficiencies

• Q1FY26 reported PAT Rs. 10 Crs vs Rs. 3 Crs in Q1FY25

• On IGAAP Equivalent basis:​

• Operating EBITDA margin improved to 14.5% in Q1FY26 against 11.5% in Q1FY25 

• In Q1FY26, PBT was Rs. 25 crores against PBT of Rs 15 Crs in Q1FY25