Awfis reported a net profit of ₹23.2 Cr in Q4 FY26, up 107% from ₹11.2 Cr reported in the year-ago period
Operating revenue increased 21% YoY and 7% QoQ to ₹410.1 Cr
Awfis’ total expenses stood at ₹405.6 Cr during the quarter, up 17% from ₹347.5 Cr in the same quarter in FY25
Coworking space provider Awfis’ net profit for the Q4 FY26 jumped 107% to ₹23.2 Cr from ₹11.2 Cr in the year-ago quarter. On a sequential basis, PAT increased 7% from ₹21.6 Cr. For the full financial year,
Operating revenue in Q4 FY26 increased 21% YoY and 7% QoQ to ₹410.1 Cr.
In this, Awfis’ rent collected from its coworking office spaces and allied services increased 35% YoY to ₹341.5 Cr. Meanwhile, construction and fit-out projects revenue stream contributed ₹68.6 Cr, decreasing slightly from ₹69.9 Cr last year.
Including other income of ₹19 Cr, the company’s total income for the quarter stood at ₹429.1 Cr. Meanwhile, Awfis’ total expenses for the quarter under review jumped 17% YoY to 405.6 Cr.
Operating EBITDA for the quarter zoomed 31% YoY to ₹152 Cr during the quarter.
For the full fiscal year, Awfis’ net profit increased slightly to ₹70.8 Cr from ₹67.9 Cr PAT recorded in FY25. Operating revenue for the year jumped 24% YoY to ₹1,493.5 Cr.
Besides announcing its financials today, the company also announced that it entered a term loan agreement with IDFC First Bank for a sanction of ₹75 Cr, with an overdraft facility of ₹5 Cr, which is subject to finalisation. Awfis
is planning to utilise the proceeds to reimburse existing capital expenditure and fund new capital expenditure requirements of the company.
The company also announced the allotment of 22,695 equity shares to employees under its ESOP programme worth ₹81.5 Lakh.
Its occupancy at the end of FY26 stood at 76% and mature occupancy at 84%, with a weighted average tenure of 37 months.
During FY26, Awfis added 41 new centres and 30,000 operational seats, expanding its signed network to 266 centres with 1.84 Lakh seats across 18 cities.
It claims to have a client base of 3,500 across Tier I & II cities, with 48% of its customers availing services from multiple centres. Its weighted average tenure stood at 37 months, with a lock-in of 26 months.
The company noted that a sustained enterprise and GCC demand anchored much of its growth, with over 100 GCC clients alone making up for 23% of its rental revenue. Additional GCC mandates are expected to go live in the coming quarters.
Moving forward, Awfis is scaling up its premium offerings Gold and Elite, which are expected to see meaningful traction over the ongoing fiscal year, especially as it strengthens presence in major IT parks and new properties developed by institutional builders.
“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,” Awfis’ chairman Amit Ramani said.
Shares of Awfis ended today’s trading session 4.53% higher at ₹359.8.
Source: Inc42 - Startups
