Awfis Space Solutions Limited, one of India’s largest flexible workspace solutions, has announced its unaudited consolidated financial results for the quarter and half year ended September 30, 2026.

Awfis Space Solutions Limited has reported revenue from operations of Rs. 439 crore for Q2 FY27, an increase of 20 per cent from Rs. 367 crore in Q2 FY26. Reported profit after tax surged 93 per cent year-on-year to Rs. 31 crore from Rs. 16 crore, reflecting strong operational performance and improving profitability.

Q2 FY27 Performance

Normalised revenue, after adjusting for actual rent received on finance lease arrangements, rose 26 per cent year-on-year to Rs. 451 crore from Rs. 357 crore in Q2 FY26. The co-working and allied services segment delivered revenue of Rs. 376 crore, up 31 per cent year-on-year.

Construction and fit-out projects revenue rose 8 per cent to Rs. 75 crore from Rs. 69 crore in the year-ago quarter. Reported EBITDA increased 31 per cent to Rs. 174 crore from Rs. 132 crore in Q2 FY26.

Cash EBITDA rose 45 per cent to Rs. 49 crore from Rs. 34 crore, with cash EBITDA margin improving to 10.8 per cent from 9.4 per cent. Operating profit before tax increased 56 per cent to Rs. 13 crore from Rs. 9 crore, with operating PBT margin at 3.0 per cent.

H1 FY27 Performance

For the first half of FY27, Awfis reported revenue from operations of Rs. 864 crore, up 23 per cent from Rs. 702 crore in H1 FY26. Normalised revenue increased 30 per cent to Rs. 888 crore from Rs. 682 crore in the year-ago period.

Reported EBITDA increased 30 per cent to Rs. 336 crore from Rs. 259 crore in H1 FY26. Cash EBITDA rose 40 per cent to Rs. 93 crore from Rs. 67 crore, with cash EBITDA margin at 10.5 per cent compared with 9.8 per cent.

Operating profit before tax increased 35 per cent to Rs. 25 crore from Rs. 18 crore, with operating PBT margin at 2.8 per cent. Reported PAT increased 111 per cent to Rs. 55 crore from Rs. 26 crore in H1 FY26.

Co-working Segment Drives Growth

The co-working and allied services segment has been the key driver of Awfis’ growth. Revenue from this segment rose 31 per cent year-on-year to Rs. 376 crore in Q2 FY27, while H1 revenue increased 34 per cent to Rs. 740 crore.

The strong growth reflects expanding demand for flexible workspace solutions and the company’s growing network of managed workspaces. The co-working segment remains the largest contributor to Awfis’ overall revenue.