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

The post Awfis H1 FY26 Operating EBITDA Jumps 44% YoY; Revenue Up 28% Amid Strong Enterprise Demand appeared first on Square Feat India.

Since its establishment in 2018, Urban Vault has grown its portfolio to over 2 million square feet, accommodating more than 30,000 desks in the city. The newly leased spaces are located in key office buildings, including HM Square (formerly HM Icon) on Residency Road, Prestige Obelisk on Kasturba Road, and Pardhanani Wilshiren at MG Road.

Founder Amal Mishra highlighted the strong demand for managed office space in the CBD, stating, “We are expanding our facilities to cater to medium and large enterprises seeking premium workspace.” With this addition, Urban Vault now offers a total of 1.5 lakh square feet of space in the CBD.

Mishra noted that multinational companies are increasingly establishing Global Capability Centres (GCCs) across major Indian cities. “Bengaluru has a competitive edge due to its affordable real estate and skilled talent, making it an attractive destination for corporates,” he said.

The shift towards flexible workspace has become integral to corporate real estate strategies, with companies embracing managed office solutions for their flexibility and cost-saving benefits. “Corporates can avoid the burden of managing physical infrastructure and housekeeping,” Mishra explained.

Urban Vault operates on a rental basis and through revenue-sharing models, offering desks priced between INR 8,000 and 10,000 per month. The company plans to expand to Gurgaon in the next quarter, with further growth in Pune and Mumbai.

For the fiscal year 2023-24, Urban Vault reported a turnover exceeding ₹100 crore, achieving an 18% profit after tax (PAT) and maintaining a high occupancy rate of 91% across its operational centers.

Also Read: Flex Spaces to Play Major Role in Office Expansion, Survey Reveals

The post Urban Vault Expands Office Space in Bengaluru’s CBD to Meet Rising Demand appeared first on Square Feat India.