Robust Financial Growth in First Half of FY26
Mumbai, November 11, 2025:
Awfis Space Solutions Limited, one of India’s leading flexible workspace providers, reported a 44% year-on-year rise in operating EBITDA for the first half of FY26, driven by expanding demand from enterprises and GCCs.
Operating revenue for H1 FY26 stood at ₹702 crore, up 28% YoY, while PAT rose 49% to ₹26 crore (excluding exceptional items). The company achieved an EBITDA margin of 36.9%, a gain of 430 basis points over the previous year.
In Q2 FY26, Awfis posted ₹367 crore in operating revenue and ₹16 crore in PAT, reflecting consistent growth momentum through the quarter.
Expanding Portfolio and Enterprise Focus
As of September 30, 2025, Awfis managed 247 centers with 1.7 lakh seats across 8.4 million sq. ft., including spaces under fit-out and signed LOIs.
The company added 14,000 new seats in H1 FY26 and 8,000 seats in Q2, marking a year-over-year increase of 35,000 seats. Notably, 100% of new supply was in Grade A assets, with 70% in Grade A+ developments.
Awfis currently operates 26 premium centers — including 21 Gold and 5 Elite centers — catering to large corporates, GCCs, and enterprise clients. During H1 FY26, the company secured 5,000 seats from over nine large corporates and MNCs, with 10 GCCs signing up across its Elite centers.
Strategic Shift Toward Premium, Enterprise-Grade Workspaces
Commenting on the results, Amit Ramani, Chairman and Managing Director, Awfis Space Solutions Limited, said:
“Our operating performance underscores the strength of our execution and the maturity of our enterprise client base. The growing contribution from the 500+ seat cohort, now forming 34% of our portfolio, reflects the stability and stickiness of our large clients.”
He added that Awfis is now moving up the value curve — focusing on premium Grade A buildings and enterprise-driven locations, while continuing expansion in Tier 2 cities where supply grew 28% YoY.
Awfis Transform to Drive Next Growth Phase
Awfis also announced the subsidiarization of Awfis Transform, its design and build vertical, which will now operate as a wholly owned subsidiary. The move aims to provide greater operational flexibility, enabling the unit to pursue opportunities in new sectors such as retail, hospitality, and commercial interiors.
This restructuring is expected to enhance transparency in performance metrics and accelerate diversified growth for the group.
Outlook
With an integrated ecosystem covering flexible workspace operations, allied services, and design-build expertise, Awfis is positioning itself for sustained, profitable growth. The company’s strategy combines premium execution in top metros with measured expansion in emerging markets, aligning with evolving enterprise workspace preferences.
Also Read: Awfis expands its footprint in Kolkata
