Awfis Q2 Profit Rises About 93% to Rs 30.8 Crore
The co-working provider's revenue from operations rose about 20% to about Rs 439 crore in the September 2026 quarter.
Key Takeaways
- Awfis net profit was about Rs 30.8 crore in Q2 FY27, up about 93% from about Rs 16 crore.
- Revenue from operations was about Rs 439 crore, up about 20% year on year.
- Cash EBITDA was about Rs 49 crore, up about 45%, at a margin of 10.8%.
- Awfis runs 254 centres in 18 cities with occupancy of 76.2%.
- The company said it is targeting FY27 cash EBITDA of Rs 190 crore to Rs 200 crore.
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Awfis Space Solutions, the co-working and flexible office space provider, reported a consolidated net profit of about Rs 30.8 crore for the September 2026 quarter, up about 93% from about Rs 16 crore a year earlier. The company announced the Q2 FY27 results on 3 November 2026.
Revenue from operations was about Rs 439 crore, up about 20% from about Rs 367 crore in Q2 FY26. On a normalised basis, which adds back rent received under finance lease arrangements, revenue was about Rs 451 crore, up about 26%.
Awfis Q2 FY27 at a glance
| Detail | Value |
|---|---|
| Net profit (consolidated) | About Rs 30.8 crore, against about Rs 16 crore in Q2 FY26 |
| Revenue from operations | About Rs 439 crore, against about Rs 367 crore |
| Normalised revenue | About Rs 451 crore, against about Rs 357 crore |
| Reported EBITDA | About Rs 174 crore, up about 31% |
| Cash EBITDA | About Rs 49 crore, up about 45%, at a margin of 10.8% |
| Quarter ended | 30 September 2026 |
How the quarter compares with the one before it
Net profit rose about 28% from about Rs 24 crore in the June 2026 quarter, while revenue from operations moved from about Rs 425 crore to about Rs 439 crore.
| When | What happened |
|---|---|
| Q2 FY26 (September 2025 quarter) | Net profit of about Rs 16 crore on revenue from operations of about Rs 367 crore |
| Q1 FY27 (June 2026 quarter) | Net profit of about Rs 24 crore on revenue from operations of about Rs 425 crore |
| Q2 FY27 (September 2026 quarter) | Net profit of about Rs 30.8 crore on revenue from operations of about Rs 439 crore |
Awfis now runs 254 centres across 18 cities
Awfis now has 254 centres with about 1.74 lakh seats in 18 cities. Average portfolio occupancy was 76.2%, and it was 84.1% for centres that have been operating for more than 12 months.
What Awfis said about its Design and Build business and full-year cash EBITDA
In its results disclosure, Awfis said the transfer of its Design and Build business to its subsidiary, Awfis Transform Private Limited, has been deferred because procedural, administrative, operational and transition-related requirements must be addressed before completion. It had earlier been planned for completion by the end of 2026, and the company now expects to complete the requirements over the next 12 months.
Awfis also said it is targeting full-year FY27 cash EBITDA of Rs 190 crore to Rs 200 crore.
Where Awfis stands after the September quarter
Awfis has now reported a net profit of about Rs 24 crore in Q1 and about Rs 30.8 crore in Q2 of FY27. The company operates 254 centres in 18 cities.
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