Awfis Space Solutions has reported a significant 107% year-on-year increase in net profit for Q4 FY26, reaching Rs 23.24 crore, compared to Rs 11.23 crore in the same period last year. The company's robust revenue growth was driven by a 21% rise in consolidated operating revenue to Rs 410 crore, with a notable 27% increase in coworking and allied services.
Operational performance also saw substantial improvement, with operating EBITDA climbing 31% year-on-year to Rs 152 crore and EBITDA margins expanding by 290 basis points to 37%. This reflects enhanced scale efficiencies, improved occupancy at mature centers, and benefits from operating leverage.
For the full financial year FY26, Awfis achieved its strongest annual performance, with consolidated operating revenue rising 24% year-on-year to Rs 1,493 crore, supported by a 35% growth in the coworking business. Operating EBITDA increased by 37% to Rs 550 crore, with margins improving by 350 basis points to 36.8%.
“FY26 was a defining year for the company, with record revenue, EBITDA, and profitability.”
Amit Ramani, Chairman and Managing Director
The company's profit after tax (PAT) for FY26 stood at Rs 71 crore, marking an impressive 66% annual growth. Awfis also reported a sector-leading Return on Capital Employed (ROCE) of 60%, underscoring strong capital efficiency and disciplined execution.
During FY26, Awfis expanded its network by adding 41 new centers and approximately 30,000 operational seats, bringing its total to 266 centers with nearly 184,000 seats across 18 cities. The company highlighted the growing contribution of Global Capability Centre (GCC) clients, which now account for 23% of rental revenue.
Background
Awfis Space Solutions has been capitalizing on the growing demand for flexible workspaces, particularly from Global Capability Centres and Fortune 500 companies. This trend has been a key driver of the company's impressive financial performance and market expansion.
Looking ahead, Awfis plans to continue leveraging demand from GCCs and Fortune 500 firms, which have become structural growth drivers. The stock, despite its recent rally, remains below its 52-week high, suggesting potential for further growth as it continues to expand its market presence.
