| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 410.14 | 7.4% | 20.7% |
| Total Income | 429.16 | 4.4% | 19.4% |
| Expenditure | 405.66 | 4.3% | 16.7% |
| PBT | 23.50 | 6.6% | 93.9% |
| Net Profit | 23.25 | 7.4% | 107.0% |
| OPM | 36.99% | 0.52pp | 2.81pp |
| NPM | 5.42% | 0.15pp | 2.30pp |
| EPS | 3.25 | 7.3% | 105.7% |
Awfis FY26 Revenue at ₹1,493 Cr, Up 24% YoY
25 May 2026 · 25 May, 5:33 pm
Summary
Awfis Space Solutions Limited announced its audited financial results for Q4 and the full year ended March 31, 2026, reporting its highest-ever annual revenue of ₹1,493 Cr for FY26, a 24% year-over-year increase, fueled by a 35% growth in its co-working segment. Operating EBITDA for the full year surged 37% YoY to ₹550 Cr, with margins expanding to 36.8%, while PAT grew by 66% to ₹71 crores. The company also achieved an industry-leading ROCE of 60% and experienced its highest-ever quarterly performance in Q4 FY26, with revenue reaching ₹410 Cr and Operating EBITDA at ₹152 Cr. Mr. Amit Ramani, Chairman and Managing Director, highlighted the company's capital efficiency, disciplined execution, and strong strategic position, expressing full confidence in its outlook for FY27.
Key Highlights
- 1
Awfis delivered its highest-ever annual revenue of ₹1,493 Cr for FY26, reflecting 24% year-over-year growth, primarily driven by a 35% YoY growth in the co-working business.
- 2
Operating EBITDA for FY26 grew 37% year-over-year to ₹550 Cr, with margins expanding by 350 basis points to 36.8%.
- 3
Profit After Tax (PAT) for FY26 stood at ₹71 crores, representing an impressive growth of 66% year-over-year.
- 4
The company reported an industry-leading Return on Capital Employed (ROCE) of 60% for the full year FY26.
- 5
Q4 FY26 marked the highest-ever quarterly revenue for Awfis at ₹410 Cr, a 21% increase year-over-year, alongside an Operating EBITDA of ₹152 Cr, up 31% YoY with margins at 37.0%.
- 6
During FY26, Awfis expanded its network by adding 41 new centres and 30K operational seats, bringing its signed network to 266 centres with ~184K seats across 18 cities.
- 7
The growth was anchored by sustained enterprise and GCC demand, with 100+ unique GCC clients contributing 23% of rental revenue, and multi-centre clients accounting for ~48% of the client base.
Management Comments
Amit Ramani
FY26 was a defining year for Awfis, the company delivered its highest-ever annual revenue of Rs. 1,493 Cr, reflecting 24% YoY growth, driven by 35% YoY growth in the co-working business. Operating EBITDA grew 37% YoY to Rs. 550 Cr, with margins expanding to 36.8%, while PBT stood at Rs. 72 Cr. The company also delivered an industry-leading ROCE of 60%, a testament to the capital efficiency, earnings quality, and disciplined execution that defines the Awfis platform. We are pleased to also report another quarter of strong performance, with Q4 FY26 marking the highest-ever quarterly revenue, EBITDA, and profitability in Awfis' history. Revenue stood at Rs. 410 Cr, growing 21% YoY, led by robust growth in the co-working business at 27% YoY. Operating EBITDA grew 31% YoY to Rs. 152 Cr, with margins expanding to 37%, while PBT stood at Rs. 24 Cr. During the year, we added 41 new centres and 30K operational seats, expanding our signed network to 266 centres with ~184K seats across 18 cities spanning Tier 1 and Tier 2 markets, serving a diversified client base of ~3.5K customers. The growth was anchored by sustained enterprise and GCC demand, continued premiumization of the portfolio, and the compounding benefits of operating leverage. GCCs and Fortune 500 companies are now a structural and growing part of our revenue base. Today, we serve 100+ unique GCC clients contributing 23% of rental revenue, with additional mandates already signed and going live over the coming quarters. Client relationships continue to deepen. Multi-centre clients now account for ~48% of our client base, reflecting growing pan-India mandates and stronger enterprise engagement. Occupancy remained healthy through the year, supported by a favorable cohort mix, with the 500+ seat cohort contributing 37% of the total portfolio - highlighting the maturity, stability, and stickiness of our enterprise-led demand base. Our capital-light supply strategy continues to evolve - MA remains the backbone, SL is deployed selectively for premium enterprise mandates, Partial MO structures are scaling, and we are in advanced discussions with marquee developers for strategic workspace partnerships. The mix is always a function of demand quality, never a fixed target. As we enter FY27, the business is in its strongest position yet. The foundation is deep – healthy occupancy, expanding margins, industry-leading returns on capital, and a quality pipeline already committed. We enter FY27 with clarity of strategy, depth of execution, and full confidence in what lies ahead.
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